The Data Below Show the Types of Medals Won by Athletes

question 94

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:

Markup Percentage

The percentage added to the cost price of goods to cover overhead and profit.

Total Cost

The sum of all costs associated with producing or acquiring goods and services, including direct and indirect expenses.

Cost-Plus Approach

A pricing strategy where a fixed percentage or a fixed amount is added to the cost of the product to determine its selling price.

Markup

An additional amount included with the buying price of items to ensure coverage of operational expenses and earn a profit.