55-59 12 60-64 10 65-69 6 70-74 1 (a) What is the frequency for CEO ages between (but not including) 54 and 65? (Enter your answer as a whole number.) 22 (b) What percentage of CEOS are 65 years or older? (Round your answer to the nearest whole number.) 11 (c) What is the relative frequency of ages under 50? (Round your answer to two decimal places.) 0.29 (d) What is the cumulative relative frequency for CEOS younger than 55? (Round your answer to two decimal places.) 0.59

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
A magazine published data on the best small firms in a certain year. These were firms which had been publicly traded for at least a year, have a stock price of at least $5 per share, and have reported annual revenue between $5 million and $1 billion. Thtable below shows the ages of the chief
executive officers for the first 66 ranked firms.
Age
Frequency
Relative Frequency
Cumulative Relative
Frequency
40-44
45-49
50-54
55-59
60-64
10
65-69 6
70-74 1
(a) What is the frequency for CEO ages between (but not including) 54 and 65? (Enter your answer as a whole number.)
22
(b) What percentage of CEOS are 65 years or older? (Round your answer to the nearest whole number.)
(c) What is the relative frequency of ages under 50? (Round your answer to two decimal places.)
0.29
(d) What is the cumulative relative frequency for CEOS younger than 55? (Round your answer to two decimal places.)
0.59
Transcribed Image Text:A magazine published data on the best small firms in a certain year. These were firms which had been publicly traded for at least a year, have a stock price of at least $5 per share, and have reported annual revenue between $5 million and $1 billion. Thtable below shows the ages of the chief executive officers for the first 66 ranked firms. Age Frequency Relative Frequency Cumulative Relative Frequency 40-44 45-49 50-54 55-59 60-64 10 65-69 6 70-74 1 (a) What is the frequency for CEO ages between (but not including) 54 and 65? (Enter your answer as a whole number.) 22 (b) What percentage of CEOS are 65 years or older? (Round your answer to the nearest whole number.) (c) What is the relative frequency of ages under 50? (Round your answer to two decimal places.) 0.29 (d) What is the cumulative relative frequency for CEOS younger than 55? (Round your answer to two decimal places.) 0.59
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman