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

question 96

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 numbers were in the interval 40-under 60?

• A)30
• B)50
• C)18
• D)12
• E)15

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Definitions:

Residual Claim

Stockholders’ claim to income and assets is the residual after all other claims are satisfied.

Common Shareholders

Individuals or entities that own common shares in a corporation, granting them voting rights and a claim on a portion of the company’s profits through dividends.

Preemptive Rights

The right of existing shareholders to maintain their fractional ownership of a company by buying a proportional number of shares of any future issue of common stock.

Proportionate Share

An individual's or entity's fair or equitable share of something, such as profits, losses, or ownership, based on their contribution or stake.