Five Hundred Recent Graduates Indicated Their Majors as Follows A Construct a Relative Frequency Distribution

question 60

Essay

Five hundred recent graduates indicated their majors as follows.
$\begin{array}{lr}\text { Major }&\text { Frequency }\\\text { Accounting } & 60 \\\text { Finance } & 100 \\\text { Economics } & 40 \\\text { Management } & 120 \\\text { Marketing } & 80 \\\text { Engineering } & 60 \\\text { Computer Science } & 40\\\text { Total }&500\end{array}$
a. Construct a relative frequency distribution.
b. Construct a percent frequency distribution.

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Definitions:

Proved Reserves

The quantity of natural resources, such as oil or gas, that can be technically and economically viable to extract under current conditions.

Economic Theory

A set of principles and frameworks that seek to explain how economies work, covering areas like market dynamics, production, and distribution.

Relative Scarcity

The comparison of the scarcity of one resource, good, or service in relation to another, influencing its price and availability.

Empirical Evidence

Information obtained through observation and documentation of patterns and behaviors, serving as a basis for forming conclusions.