FIN 217 Midterm 1 ACTUAL UPDATED Questions and CORRECT Answers
C
Terms in this set (58)
A group of 100 students was surveyed about their interest a. 0.30
in a new International Studies program. Interest was
measured in terms of high, medium, or low. In the study,
30 students responded high interest, 40 students
responded medium interest, and 30 students responded
low interest. What is the relative frequency of students
with high interest?
a. 0.30
b. 0.50
c. 0.40
d.0.030
The monthly salaries of a sample of 100 employees were b. $100
rounded to the nearest $10. They ranged from a low of
$1,040 to a high of $1,720. If we want to condense the
data into seven classes, what is the most convenient class
interval?
a. $50
b. $100
c. $150
d. $200
, For the following distribution of heights, what are the c. 65 and up to 70
limits for the class with the greatest frequency?
Heights 60" up to 65" 65" up to 70" 70" up to 75"
Frequency 10 70 20
a. 64 and up to 70
b. 65 and 69
c. 65 and up to 70
d. 69.5 and 74.5
Refer to the following distribution of commissions: c. 0.20
Monthly Commissions Class Frequencies
$600 up to $800 3
$800 up to $1,000 7
$1,000 up to $1,200 11
$1,200 up to $1,400 22
$1,400 up to $1,600 40
$1,600 up to $1,800 24
$1,800 up to $2,000 9
$2,000 up to $2,200 4
What is the relative frequency for salespeople who earn
from $1,600 up to $1,800?
a. 0.02
b. 0.024
c. 0.20
d. 0.24
Refer to the following distribution of commissions: d. 30.8 %
Monthly Commissions Class Frequencies
$600 up to $800 3
$800 up to $1,000 7
$1,000 up to $1,200 11
$1,200 up to $1,400 22
$1,400 up to $1,600 40
$1,600 up to $1,800 24
$1,800 up to $2,000 9
$2,000 up to $2,200 4
What is the relative frequency for salespeople who earn
from $1,600 or more?
a. 25.5%
b. 27.5%
c. 29.5%
d. 30.8%
C
Terms in this set (58)
A group of 100 students was surveyed about their interest a. 0.30
in a new International Studies program. Interest was
measured in terms of high, medium, or low. In the study,
30 students responded high interest, 40 students
responded medium interest, and 30 students responded
low interest. What is the relative frequency of students
with high interest?
a. 0.30
b. 0.50
c. 0.40
d.0.030
The monthly salaries of a sample of 100 employees were b. $100
rounded to the nearest $10. They ranged from a low of
$1,040 to a high of $1,720. If we want to condense the
data into seven classes, what is the most convenient class
interval?
a. $50
b. $100
c. $150
d. $200
, For the following distribution of heights, what are the c. 65 and up to 70
limits for the class with the greatest frequency?
Heights 60" up to 65" 65" up to 70" 70" up to 75"
Frequency 10 70 20
a. 64 and up to 70
b. 65 and 69
c. 65 and up to 70
d. 69.5 and 74.5
Refer to the following distribution of commissions: c. 0.20
Monthly Commissions Class Frequencies
$600 up to $800 3
$800 up to $1,000 7
$1,000 up to $1,200 11
$1,200 up to $1,400 22
$1,400 up to $1,600 40
$1,600 up to $1,800 24
$1,800 up to $2,000 9
$2,000 up to $2,200 4
What is the relative frequency for salespeople who earn
from $1,600 up to $1,800?
a. 0.02
b. 0.024
c. 0.20
d. 0.24
Refer to the following distribution of commissions: d. 30.8 %
Monthly Commissions Class Frequencies
$600 up to $800 3
$800 up to $1,000 7
$1,000 up to $1,200 11
$1,200 up to $1,400 22
$1,400 up to $1,600 40
$1,600 up to $1,800 24
$1,800 up to $2,000 9
$2,000 up to $2,200 4
What is the relative frequency for salespeople who earn
from $1,600 or more?
a. 25.5%
b. 27.5%
c. 29.5%
d. 30.8%
