A Company Collected the Ages from a Random Sample of Its

question 21

Multiple Choice

A company collected the ages from a random sample of its middle managers with the resulting frequency distribution shown below:
$$\begin{array} { l r } \text { Class Interval } & \text { Frequency } \\20 \text { to } < 25 & 8 \\25 \text { to } < 30 & 6 \\30 \text { to } < 35 & 5 \\35 \text { to } < 40 & 12 \\40 \text { to } < 45 & 15 \\45 \text { to } < 50 & 7\end{array}$$
-What is the relative frequency for the largest interval?

• A)0.132
• B)0.226
• C)0.231
• D)0.283
• E)0.288

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Definitions:

Business Venture

is an entrepreneurial enterprise, often new or risky, that is initiated by an individual or partnership to seek profit through unique strategies or markets.

Enterprise Control

A management function focusing on setting and implementing strategies to guide the overall direction and operations of a business.

Intolerance for Ambiguity

A personality trait where an individual has difficulty coping with situations that are uncertain or unclear.

Internal Locus

A psychological concept referring to individuals who believe they have control over their life events and outcomes.