Construct One Table That Includes Relative Frequencies Based on the Two

question 74

Essay

Construct one table that includes relative frequencies based on the two frequency distributions below. Do those weights appear to be about the same or are they substantially different.? Round to the nearest tenth of a percent if necessary. $$\begin{array}{l}\begin{array} { c | c } \begin{array} { c } \text { Weight (lb) of } \\\text { Discarded } \\\text { Metal }\end{array} & \text { Frequency } \\\hline 0.00 - 0.99 & 6 \\1.00 - 1.99 & 20 \\2.00 - 2.99 & 12 \\3.00 - 3.99 & 9 \\4.00 - 4.99 & 6\end{array}\\\\\\\begin{array} { c | c } \begin{array} { c } \text { Weight (lb) of } \\\text { Discarded } \\\text { Plastic }\end{array} &\text { Frequency } \\\hline 0.00 - 0.99 & 11 \\\hline 1.00 - 1.99 & 16 \\\hline 2.00 - 2.99 & 15 \\\hline 3.00 - 3.99 & 6 \\\hline 4.00 - 4.99 & 4 \\\hline 5.00 - 5.99 & 1\end{array}\end{array}$$

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Definitions:

Net Present Value

The sum of all future cash flows, both incoming and outgoing, of an investment, discounted back to their present value to analyze its profitability.

Investment Project

A project involving the allocation of capital resources to long-term assets that produce returns over time.

Working Capital

A measure of a firm's short-term financial health and its ability to cover its short-term obligations with its short-term assets.

Discount Factor

A multiplier used to discount future cash flows back to their present value, reflecting the time value of money.