Amounts Spent by a Sample of 50 Customers at a Retail

question 64

Multiple Choice

Amounts spent by a sample of 50 customers at a retail store are summarized in the following relative frequency distribution. The median amount will fall in the following class interval _____________.

• A) 0 up to 10
• B) 10 up to 20
• C) 20 up to 30
• D) 30 up to 40

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Definitions:

Equal

Pertaining to being the same in quantity, size, degree, value, or status.

Intergenerational Mobility

The change in social status or class from one generation to the next within a family or across different families.

Intragenerational Mobility

Status movement throughout one’s lifetime.

Socioeconomic Status

Socioeconomic status is a measure of an individual's or group's economic and social position in relation to others, based on income, education, and occupation.