Consider the Following Data on Distances Traveled by People to Visit

question 1

Multiple Choice

Consider the following data on distances traveled by people to visit the local amusement park and calculate the relative frequency for the shortest distance.

• A).375
• B).150
• C).500
• D).300
• E).333

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Definitions:

Coupon Bond

A type of bond that pays the holder a fixed interest payment (coupon) at regular intervals until the bond reaches its maturity date.

Maturity

The date on which the principal amount of a bond, loan, or other financial instrument is due to be paid back to the investors.

Interest Rates

The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal.

Premium

The amount by which the price of a financial instrument or insurance policy exceeds its face value or the cost above the normal price.