The Following Data Represent the Recent Sales Price (In $1,000s)of

question 64

Multiple Choice

The following data represent the recent sales price (in $1,000s) of 24 homes in a midwestern city. Suppose the data are 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

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Definitions:

Multinational Corporations

Entities that operate in multiple countries beyond their home base, usually to maximize market reach and optimize production costs.

Rich Countries

Nations with high gross domestic product (GDP) per capita, indicating a high level of economic prosperity and standard of living.

Colonialism

The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.

Economic Growth

The increase in the production of goods and services in an economy over time, usually measured by the rise in Gross Domestic Product (GDP).