Consider the Relative Frequency Distribution Given Below There Were 60 Numbers in the Data Set

question 61

Multiple Choice

Consider the relative frequency distribution given below:
$$\begin{array} { l c } \text { Class Interval } & \text { Relative Frequency } \\\text { 20-under } 40 & 0.2 \\40 \text {-under } 60 & 0.3 \\60 \text {-under } 80 & 0.4 \\\text { 80-under } 100 & 0.1\end{array}$$
There were 60 numbers in the data set.How many of the number were less than 80?

• A)90
• B)80
• C)0.9
• D)54
• E)100

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Definitions:

Purchase Money Security Interest

A security interest that arises when someone lends money to a consumer and then takes a security interest in the goods that the consumer buys.

Floating Lien

A security interest or claim against assets that are not fixed but rather change in quantity and value over time, such as inventory or accounts receivable.

Priority

The established order of importance or precedence, often used in contexts where resources are limited or decisions must be made based on urgency.

Equity of Redemption

A mortgagor’s right to pay off the mortgage in full, including interest.