TABLE 2-13 Given Below Is the Stem-And-Leaf Display Representing the Amount of Amount

question 62

Essay

TABLE 2-13
Given below is the stem-and-leaf display representing the amount of detergent used in gallons (with leaves in tenths of gallons) in a day by 25 drive-through car wash operations in Phoenix.
9 | 1 4 7
10 | 0 2 2 3 8
11 | 1 3 5 5 6 6 7 7 7
12 | 2 2 3 4 8 9
13 | 0 2
-Referring to Table 2-13, construct a relative frequency or percentage distribution for the detergent data, using "9.0 but less than 10.0" as the first class.

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Definitions:

Future Value

Future value is the value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Present Value

The current worth of a future sum of money or cash flows, given a specified rate of return.

Interest Rate

The percentage of a sum of money charged for its use, indicating the cost of borrowing or the return on savings.

Present Value

The current financial value of a future financial sum or sequences of payments, assessed with a predefined rate of earnings.