This Pie Chart Describes the Age Frequencies of Students in a Business

question 59

Essay

This pie chart describes the age frequencies of students in a Business Analysis class. What is the relative frequency of students who are younger than 23? (Round to a whole number if necessary.)
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Definitions:

Consumption Timing

The decision-making process regarding when to spend money on goods and services, balancing current consumption against future needs.

Allocation Of Risk

Allocation of Risk involves distributing exposure to financial risks among various participants or financial instruments to manage potential losses more effectively.

Ownership And Control

Refers to the legal and operational authority over assets or business, which may not always coincide, especially in corporations with dispersed shareholders.

Commercial Banks

Financial institutions that provide a variety of services, including deposit accounts, loans, and other financial products, to businesses and individuals.