A Collection of Twenty College Students Was Asked How Much

question 16

Multiple Choice

A collection of twenty college students was asked how much cash they currently had in their possession. The data is summarized in the stemplot below. How many students had between forty and fifty dollars in their possession?

• A)9
• B)10
• C)8
• D)Not enough information available

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Definitions:

Assessed Value

The dollar value assigned to a property for purposes of measuring applicable taxes, often determined by a public tax assessor.

Payoff

The act of completely repaying a loan, including the principal amount and any accrued interest, thereby fulfilling the borrower's obligations.

Sale

The act of selling goods or services in exchange for money or other compensation, constituting a fundamental business activity.

Accounting Equation

The fundamental formula representing the relationship between a company's assets, liabilities, and owners' equity (Assets = Liabilities + Equity).