Construct the Requested Table Construct the Relative Frequency Table from the Given Frequency Table

question 91

Multiple Choice

Construct the requested table. Round relative frequencies to the nearest hundredth of a percent, unless otherwise indicated.
-The frequency table shows the weights in ounces of 30 stones. $$\begin{array} { r | c } \text { Weight } ( \mathrm { oz } ) & \begin{array} { c } \text { Number } \\\text { of Stones }\end{array} \\\hline 1.2 - 1.6 & 5 \\1.7 - 2.1 & 2 \\2.2 - 2.6 & 5 \\2.7 - 3.1 & 5 \\3.2 - 3.6 & 13\end{array}$$ Construct the relative frequency table from the given frequency table. Round relative frequencies to the nearest tenth of
A percent.

• A)
• \(\begin{array}{r|c}
• \text { Weight }(\mathrm{oz}) & \begin{array}{r}
• \text { Relative } \\
• \text { Frequency }
• \end{array} \\
• \hline 1.2-1.6 & 16.7 \% \\
• 1.7-2.1 & 23.3 \% \\
• 2.2-2.6 & 40.0 \% \\
• 2.7-3.1 & 56.7 \% \\
• 3.2-3.6 & 100.0 \%
• \end{array}\)
• B)
• \(\begin{array} { r | c }
• & \text { Relative } \\
• \text { Weight (oz) } & \text { Frequency } \\
• \hline 1.2 - 1.6 & 14.4 \% \\
• 1.7 - 2.1 & 5.7 \% \\
• 2.2 - 2.6 & 14.4 \% \\
• 2.7 - 3.1 & 14.4 \% \\
• 3.2 - 3.6 & 41.6 \%
• \end{array}\)
• C)
• \(\begin{array}{r|r}
• \text { Weight }(\mathrm{oz}) & \begin{array}{r}
• \text { Relative } \\
• \text { Frequency }
• \end{array} \\
• \hline 1.2-1.6 & 16.7 \% \\
• 1.7-2.1 & 6.7 \% \\
• 2.2-2.6 & 16.7 \% \\
• 2.7-3.1 & 16.7 \% \\
• 3.2-3.6 & 43.3 \%
• \end{array}\)
• D)
• \(\begin{array}{r|r}
• \text { Weight }(\mathrm{oz}) & \begin{array}{r}
• \text { Relative } \\
• \text { Frequency }
• \end{array} \\
• \hline 1.2-1.6 & 5 \% \\
• 1.7-2.1 & 2 \% \\
• 2.2-2.6 & 5 \% \\
• 2.7-3.1 & 5 \% \\
• 3.2-3.6 & 13 \%
• \end{array}\)

Explain the concept of efficiency loss (deadweight loss) and its causes in a market.

Distinguish between positive and negative externalities and their impact on social welfare.

Describe the role of consumer and producer surplus in determining market efficiency.

Recognize the effects of external costs and benefits on market outcomes and resource allocation.

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