Forty Shoppers Were Asked If They Preferred the Weight of a Can

question 56

Short Answer

Forty shoppers were asked if they preferred the weight of a can of soup to be 6 ounces, 8 ounces, or 10 ounces. Below you are given their responses.
$$\begin{array} { r r r r r r r r r } 6&6&6&10&8&8&8&10&6&6\\10&10&8&8&6&6&6&8&6&6\\8&8&8&10&8&8&6&10&8&6\\6&8&8&8&10&10&8&10&8&6\end{array}$$
a. Construct a frequency distribution and graphically represent the frequency distribution.
b. Construct a relative frequency distribution and graphically represent the relative frequency distribution.

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Definitions:

Indirect Quote

A foreign exchange rate quoted as the foreign currency per unit of domestic currency.

Mexican Pesos

The currency of Mexico, abbreviated as MXN, used for all financial transactions within the country.

Spot Exchange Rate

The current price at which one currency can be exchanged for another currency in the foreign exchange market.

Forward Exchange Rate

The rate at which two currencies will be exchanged at a specified future date, agreed upon today.