The Following Frequency Distribution Presents the Frequency of Passenger Vehicles

question 23

Multiple Choice

The following frequency distribution presents the frequency of passenger vehicles that pass through a certain intersection from 8:00 AM to 9:00 AM on a particular day.
$$\begin{array} { c c } \hline \text { Vehicle Type } & \text { Frequency } \\\hline \text { Motorcycle } & 15 \\\text { Sedan } & 85 \\\text { SUV } & 50 \\\text { Truck } & 25 \\\hline\end{array}$$ Construct a frequency bar graph for the data.

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Definitions:

Utility Function

A mathematical representation that ranks an individual's preferences over a set of goods and services.

Interest Rate

The share of a loan subject to interest charges to the borrower, typically denoted as an annual percentage of the loan's outstanding sum.

Nominal Interest Rate

The stated interest rate on a loan or investment, not adjusted for inflation.

Rational Consumer

An assumption in economics that consumers aim to maximize their utility or satisfaction from consumption choices, given their budget constraints.