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Merrill Lynch recently completed a study regarding the size of online investment portfolios (stocks, bonds, mutual funds, and certificates of deposit) for a sample of clients in the 40 up to 50 years old age group. Listed following is the value of all the investments in thousands of dollars for the 70 participants in the study.
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a. Organize the data into a frequency distribution. How many classes would you suggest? What value would you suggest for a class interval?
b. Draw a histogram. Interpret your result. |
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