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Use Cutpoint Grouping to Organize These Data into a Frequency

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Use cutpoint grouping to organize these data into a frequency distribution.
-The table shows the closing share price, in dollars, for each of the 32 stock holdings of a mutual fund.
1811624585634481491653382514201418 \frac { 1 } { 16 } \quad 24 \frac { 5 } { 8 } \quad 56 \frac { 3 } { 4 } \quad 48 \quad 14 \frac { 9 } { 16 } \quad 53 \frac { 3 } { 8 } \quad 25 \frac { 1 } { 4 } \quad 20 \frac { 1 } { 4 } 2027111667316301218186231916473820 \quad 27 \frac { 11 } { 16 } \quad 67 \frac { 3 } { 16 } \quad 30 \frac { 1 } { 2 } \quad 18 \frac { 1 } { 8 } \quad 62 \quad 31 \frac { 9 } { 16 } \quad 47 \frac { 3 } { 8 } 521516295826131516111116247849347052 \frac { 15 } { 16 } \quad 29 \frac { 5 } { 8 } \quad 26 \quad 13 \frac { 15 } { 16 } \quad 11 \frac { 11 } { 16 } \quad 24 \frac { 7 } { 8 } \quad 49 \frac { 3 } { 4 } \quad 70 4511654125631660581516375859345145 \frac { 1 } { 16 } \quad 54 \frac { 1 } { 2 } \quad 56 \frac { 3 } { 16 } \quad 60 \quad 58 \frac { 15 } { 16 } \quad 37 \frac { 5 } { 8 } \quad 59 \frac { 3 } { 4 } \quad 51
Construct a frequency distribution for these share prices. Use 10 as the first cutpoint and classes of equal width 10 .
 Use cutpoint grouping to organize these data into a frequency distribution. -The table shows the closing share price, in dollars, for each of the 32 stock holdings of a mutual fund.   18 \frac { 1 } { 16 } \quad 24 \frac { 5 } { 8 } \quad 56 \frac { 3 } { 4 } \quad 48 \quad 14 \frac { 9 } { 16 } \quad 53 \frac { 3 } { 8 } \quad 25 \frac { 1 } { 4 } \quad 20 \frac { 1 } { 4 }   20 \quad 27 \frac { 11 } { 16 } \quad 67 \frac { 3 } { 16 } \quad 30 \frac { 1 } { 2 } \quad 18 \frac { 1 } { 8 } \quad 62 \quad 31 \frac { 9 } { 16 } \quad 47 \frac { 3 } { 8 }   52 \frac { 15 } { 16 } \quad 29 \frac { 5 } { 8 } \quad 26 \quad 13 \frac { 15 } { 16 } \quad 11 \frac { 11 } { 16 } \quad 24 \frac { 7 } { 8 } \quad 49 \frac { 3 } { 4 } \quad 70   45 \frac { 1 } { 16 } \quad 54 \frac { 1 } { 2 } \quad 56 \frac { 3 } { 16 } \quad 60 \quad 58 \frac { 15 } { 16 } \quad 37 \frac { 5 } { 8 } \quad 59 \frac { 3 } { 4 } \quad 51   Construct a frequency distribution for these share prices. Use 10 as the first cutpoint and classes of equal width 10 .


Definitions:

Freight Charges

Costs associated with transporting goods from one location to another, paid by the shipper or the receiver, depending on the terms of sale.

Perpetual Inventory System

An inventory management system where updates are made continuously to the inventory records to reflect sales, purchases, and returns in real-time.

Credit Memo

A credit memo is a document issued by a seller to a buyer, reducing the amount that the buyer owes the seller under the terms of an earlier invoice.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through computerized point-of-sale systems and Enterprise Resource Planning systems.

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