The Results of a Census of 2,500 Employees of a Mid-Sized

question 63

Multiple Choice

The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows: Suppose researchers are going to sample employees from the company for further study.
Based on the relative frequency assessment method,what is the probability that a randomly selected employee will have a 401(k) account balance of between $25,000 and $49,999?

• A)0.1580
• B)0.1040
• C)0.6160
• D)0.4040

---

Definitions:

Monetary Policy

The process by which a central bank, like the Federal Reserve, controls the supply of money, often targeting an inflation rate or interest rate to ensure economic stability and growth.

Primary Growth

The initial stage of growth or expansion in an organism, market, or economic indicator, often characterized by rapid increases or significant changes.

Economy

The system of production, distribution, and consumption of goods and services within a particular society or geographical area.

Money

A medium of exchange that facilitates the trade of goods and services and serves as a measure of value and a store of wealth.