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The following data set shows the number of hours of sick leave that some of the employees of Bastien's, Inc. have taken during the first quarter of the year (rounded to the nearest hour).
a.
Develop a frequency distribution for the above data. (Let the width of your classes be 10 units and start your first class as 10 - 19.)
b.
Develop a relative frequency distribution and a percent frequency distribution for the data.
c.
Develop a cumulative frequency distribution.
d.
How many employees have taken less than 40 hours of sick leave?
Marginal Rate
The amount of tax applied to an additional dollar of income, often used in the context of progressive tax systems.
Average Rate
A measure used in finance to represent the typical amount of return or rate over a given period.
Fixed Rate
An interest rate that remains constant over the lifetime of a loan or financial instrument.
Average Tax Rates
It reflects the fraction of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the total income.
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