Fortune magazine conducted a survey to learn about the subscribers in the United States and Canada. One survey question asked the value of subscribers' investment portfolios. The following percent frequency distribution was prepared from responses to this question:Value of InvestmentPercent Frequency<$25,00017$25,000-$49,9999$50,000-$99,99912$100,000-249,99920$250,000-499,99913$500,000-999,99913$1,000,000 or over16The percent frequency distribution is based on 816 responses. How many of the respondents reported having investments of $100,000 to $249,999? (Round to nearest whole number)

Number of respondents = 816 responses Required range = $100,000 - 249,999 Percent Frequency = 20…

Answered: Fortune magazine conducted a survey to…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Fortune magazine conducted a survey to learn about the subscribers in the United States and Canada. One survey question asked the value of subscribers' investment portfolios. The following percent frequency distribution was prepared from responses to this question:

Value of Investment	Percent Frequency
<$25,000	17
$25,000-$49,999	9
$50,000-$99,999	12
$100,000-249,999	20
$250,000-499,999	13
$500,000-999,999	13
$1,000,000 or over	16

The percent frequency distribution is based on 816 responses. How many of the respondents reported having investments of $100,000 to $249,999? (Round to nearest whole number)

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