A large regional real estate company keeps records of home sales for each of its sales agents. Each month, the company publishes the sales volume for each agent. Monthly sales volume is defined as the total sales price of all homes sold by the agent during a month. The figure below displays the cumulative relative frequency plot of the most recent monthly sales volume (in hundreds of thousands of dollars) for these agents.

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Chapter1: Starting With Matlab
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Hi, I'm sorry, but I asked this question earlier today and was told it could not be answered because it was a graded question. However, this is actually a self-applied practice test with a question I found online that is not being graded by anyone. I was wondering if you'd please look over it again. Thank you.

Directions: Show all your work. Indicate clearly the methods you use, because you will be graded on
the correctness of your methods as well as on the accuracy of your results and explanation.
A large regional real estate company keeps records of home sales for each of its sales agents. Each
month, the company publishes the sales volume for each agent. Monthly sales volume is defined as the
total sales price of all homes sold by the agent during a month. The figure below displays the
cumulative relative frequency plot of the most recent monthly sales volume (in hundreds of thousands
of dollars) for these agents.
08
0.6
04
02
ol i 2 3 4 5 6 7 8 9 10 11 12
Monthly Sales Volume
(in hundreds of thousands of dollars)
a. In the context of this question, explain what information is conveyed by the circled point.
b. What proportion of sales agents achieved monthly sales volumes between $700,000 and
$800,000 ?
c. For values between 10 and 11 on the horizontal axis, the cumulative relative frequency plot is
flat. In the context of this question, explain what this means.
d. A bonus is to be given to 20 percent of the sales agents. Those who achieved the highest monthly
sales volume during the preceding month will receive a bonus. What is the minimum monthly
sales volume an agent must have achieved to qualify for the bonus?
aapejnun)
Relative Fequency
Transcribed Image Text:Directions: Show all your work. Indicate clearly the methods you use, because you will be graded on the correctness of your methods as well as on the accuracy of your results and explanation. A large regional real estate company keeps records of home sales for each of its sales agents. Each month, the company publishes the sales volume for each agent. Monthly sales volume is defined as the total sales price of all homes sold by the agent during a month. The figure below displays the cumulative relative frequency plot of the most recent monthly sales volume (in hundreds of thousands of dollars) for these agents. 08 0.6 04 02 ol i 2 3 4 5 6 7 8 9 10 11 12 Monthly Sales Volume (in hundreds of thousands of dollars) a. In the context of this question, explain what information is conveyed by the circled point. b. What proportion of sales agents achieved monthly sales volumes between $700,000 and $800,000 ? c. For values between 10 and 11 on the horizontal axis, the cumulative relative frequency plot is flat. In the context of this question, explain what this means. d. A bonus is to be given to 20 percent of the sales agents. Those who achieved the highest monthly sales volume during the preceding month will receive a bonus. What is the minimum monthly sales volume an agent must have achieved to qualify for the bonus? aapejnun) Relative Fequency
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