The Data Below Show the Types of Medals Won by Athletes

question 26

Essay

The data below show the types of medals won by athletes representing the United States in the Winter Olympics.

$$\begin{array} { l l l l l l l } \text { gold } & \text { gold } & \text { silver } & \text { gold } & \text { bronze } & \text { silver } & \text { silver } \\\text { bronze } & \text { gold } & \text { silver } & \text { silver } & \text { bronze } & \text { silver } & \text { gold } \\\text { gold } & \text { silver } & \text { silver } & \text { bronze } & \text { bronze } & \text { gold } & \text { silver } \\\text { gold } & \text { gold } & \text { bronze } & \text { bronze } & & &\end{array}$$ a. Construct a frequency table for the data.
b. Construct a relative frequency table for the data.
c. Construct a frequency bar graph for the data.

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Definitions:

Price Elasticity Of Demand

A measure reflecting how price adjustments influence the demand quantity of a good.

Responsiveness

The quality of reacting quickly and positively, often used in contexts ranging from customer service to mobile or web design, indicating agility and attentiveness to needs or changes.

Midpoint Formula

A method used in economics to calculate the percentage change in a variable by dividing the change by the average of the initial and final values.

Price Elasticity

A measure of the sensitivity of quantity demanded or supplied to a change in price, indicating how a price change can affect market dynamics.