The Following Frequency Distribution Shows the Frequency of the Asking

question 108

Multiple Choice

The following frequency distribution shows the frequency of the asking price,in thousands of dollars,for current homes on the market in a particular city. What percentage of houses has an asking price between $350,000 and under $400,000?

• A) 16.4%
• B) 21.8%
• C) 30.9%
• D) 33.3%

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Definitions:

Maturity Value

The total amount payable to the holder of a financial instrument at its maturity date, including principal and any accrued interest.

360-Day Year

An accounting convention that simplifies interest calculation by assuming all months have 30 days.

Maturity Date

The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.

Leap Years

Years that include an extra day (February 29) to keep the calendar year synchronized with the astronomical year.