Business Statistics Question on determining token size?
What is the token size of this notes?
Amount Invested-------------Frequency
$50 up to $60 ----------------- 3
$60 up to $70 ------------------6
$70 up to $80 ------------------13
$80 up to $90 ------------------10
$90 up to $100 -----------------8
Please explain!
Answers:
The frequency is the number of times an event happen. so if you own 3 + 6 + 13 + 10 + 8 you own the taste size of 40.
relative frequency would be observations divided by taste size, e.g., $80 up to $90 would own a relative frequency of 10/40 or 0.25.
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Amount Invested-------------Frequency
$50 up to $60 ----------------- 3
$60 up to $70 ------------------6
$70 up to $80 ------------------13
$80 up to $90 ------------------10
$90 up to $100 -----------------8
Please explain!
Answers:
The frequency is the number of times an event happen. so if you own 3 + 6 + 13 + 10 + 8 you own the taste size of 40.
relative frequency would be observations divided by taste size, e.g., $80 up to $90 would own a relative frequency of 10/40 or 0.25.