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Construct a Relative-Frequency Polygon for the Given Data

question 17

Essay

Construct a relative-frequency polygon for the given data.
-The table contains the frequency and relative-frequency distributions for the ages of the employees in a particular company department. $\begin{array}{c|c|c} \text { Age (years) } & \text { Frequency } & \text { Relative frequency } \\ \hline 20 \text {-under } 30 & 6 & 0.375 \\ 30 \text {-under } 40 & 3 & 0.1875 \\ 40 \text {-under } 50 & 4 & 0.25 \\ 50 \text {-under 60 } & 2 & 0.125 \\ 60 \text {-under 70 } & 1 & 0.0625 \end{array}$ $Construct a relative-frequency polygon for the given data. -The table contains the frequency and relative-frequency distributions for the ages of the employees in a particular company department. \begin{array}{c|c|c} \text { Age (years) } & \text { Frequency } & \text { Relative frequency } \\ \hline 20 \text {-under } 30 & 6 & 0.375 \\ 30 \text {-under } 40 & 3 & 0.1875 \\ 40 \text {-under } 50 & 4 & 0.25 \\ 50 \text {-under 60 } & 2 & 0.125 \\ 60 \text {-under 70 } & 1 & 0.0625 \end{array}$

Definitions:

Monthly Interest Rate

The interest rate for a period of one month, often used to calculate the interest on loans and financial products on a monthly basis.

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is received or paid.

Net 30 Credit Policy

A payment term indicating that payment is due in full 30 days after the goods or services have been delivered.

Switch Break-Even Point

The analysis used to determine the point at which the cost of switching to a different product, service, or system is recouped through subsequent cost savings or benefits.