Solved

Exhibit 2-6

question 40

Multiple Choice

Exhibit 2-6.The following data represent the recent sales price (in $1,000s) of 24 homes in a Midwestern city. $Exhibit 2-6.The following data represent the recent sales price (in $1,000s) of 24 homes in a Midwestern city. Refer to Exhibit 2-6.Suppose the data is grouped into five classes,and one of them will be 115 up to 140 - that is,{x;115 ≤ x < 140}.The relative frequency of this class is _____. A) 6/24 B) 7/24 C) 6 D) 7$ Refer to Exhibit 2-6.Suppose the data is grouped into five classes,and one of them will be "115 up to 140"- that is,{x;115 ≤ x < 140}.The relative frequency of this class is _____.

Definitions:

Adequate Diet

A diet that provides all the essential nutrients, fiber, and energy in quantities and proportions that are sufficient to maintain health and well-being.

Poverty Rate

The proportion of a population living below the national poverty line, indicating the percentage of individuals or families whose income falls beneath the threshold deemed necessary to afford basic living standards.

Poverty Line

A defined income level below which an individual or family is considered to be living in poverty, based on the cost of living and basic needs.

Millionaires

Millionaires are individuals whose net worth or wealth is equal to or exceeds one million units of currency.