Thirty Students at Eastside High School Took the SAT on the Same

question 25

Multiple Choice

Thirty students at Eastside High School took the SAT on the same Saturday. Their raw scores are given next. (See the Excel Data File.) Consider a frequency distribution of the data that groups the data in classes of 1400 up to 1600, 1600 up to 1800, 1800 up to 2000, and so on. What is the approximate relative frequency of students who scored more than 1600 but less than 1800?

• A) 0.17
• B) 0.23
• C) 0.40
• D) 0.77

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Definitions:

Loan Proceeds

The amount of money that is disbursed to the borrower from the lender minus any fees or costs associated with the loan.

Rate of Return

The profit or deficit incurred on an investment throughout a designated period, shown as a percentage of the investment's starting value.

Savings Account

A savings account is a bank account where you can store money securely while earning interest on your balance.

EAR

Effective Annual Rate (EAR) is a measure of interest that takes into account the effects of compounding over a given period.