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The Following Table Presents the Purchase Totals (In Dollars) of a Random

question 36

Multiple Choice

The following table presents the purchase totals (in dollars) of a random sample of gasoline purchases at a convenience store.
Construct a relative frequency distribution using a class width of 10, and using 0 as the lower class limit for the First class.
57.4627.216.1297.9968.2228.9739.4177.5637.0673.0988.8261.2993.2465.9642.3794.387.6716.9571.1765.37\begin{array} { r r r r r } \hline 57.46 & 27.21 & 6.12 & 97.99 & 68.22 \\28.97 & 39.41 & 77.56 & 37.06 & 73.09 \\88.82 & 61.29 & 93.24 & 65.96 & 42.37 \\94.38 & 7.67 & 16.95 & 71.17 & 65.37 \\\hline\end{array}


Definitions:

Acceleration Clause

A contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain agreed upon conditions are not met.

Market Value

The price at which an asset would trade in a competitive auction setting, reflecting what a willing buyer would pay a willing seller.

Mortgage

A loan in which property or real estate is used as collateral. The borrower agrees to pay back the loan, with interest, over a set period of time.

Co-Sureties

Multiple parties who join together to provide surety or a guarantee for the performance or obligations of another.

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