Automobiles Traveling on a Road with a Posted Speed Limit

question 10

Multiple Choice

Automobiles traveling on a road with a posted speed limit of 65 miles per hour are checked for speed by a state police radar system.The following table is a frequency distribution of speeds. When using a polygon to graph quantitative data,what does each point represent?

• A) The lower limit of a particular class and its width
• B) The midpoint of a particular class and its associated frequency or relative frequency
• C) The midpoint of a particular class and its associated cumulative frequency or cumulative relative frequency
• D) The upper limit of a particular class and its associated cumulative frequency or cumulative relative frequency

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Definitions:

Federal Funds Market

A market for overnight lending and borrowing of reserves among banks; the interbank market for reserves on account at the Fed.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by regulatory bodies.

U.S. Government Securities

Financial instruments issued by the United States Department of the Treasury to finance federal government spending.

Clear

in an economic or financial context often means to settle a transaction or complete a trade or payment process.