The Accompanying Relative Frequency Distribution Represents the Last Year Car

question 117

Multiple Choice

The accompanying relative frequency distribution represents the last year car sales for the sales force at Kelly's Mega Used Car Center. If Kelly's employs 100 salespeople,how many of these salespeople have sold at least 45 but fewer than 65 cars in the last year?

• A) 15
• B) 31
• C) 40
• D) 46

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Definitions:

Inflation Rate

How quickly the broad level of prices for goods and services climbs, degrading the spending capability.

Initial Cost

The initial outlay or expenditure made to acquire an asset or to start a project.

Absolute Purchasing Power Parity

An economic theory that the price of goods in different countries should be equal when measured in a common currency.

Exchange Rate

The rate at which one currency can be exchanged for another, often influencing international trade and investments.