Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 7 - Section 7.2 - Relative Frequency - Exercises - Page 465: 27a

Answer

See the picture.

Work Step by Step

Total: $N=134+52+9+5=200$ Relative frequency of "Current": $P(Current)=\frac{fr(Current)}{N}=\frac{134}{200}=0.670$ Relative frequency of "Past Due": $P(Past~Due)=\frac{fr(Past~Due)}{N}=\frac{52}{200}=0.260$ Relative frequency of "In Foreclosure": $P(In~Foreclosure)=\frac{fr(In~Foreclosure)}{N}=\frac{9}{200}=0.045$ Relative frequency of "Repossessed": $P(Repossessed)=\frac{fr(Repossessed)}{N}=\frac{5}{200}=0.025$
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