What is the relative frequency of unit costs amounting to $55.00/unit?

The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

What is the relative frequency of unit costs amounting to $55.00/unit?
A . 22.22%
B . $55.00
C . 2
D . 338.5

View Answer

Answer: C

Explanation:

You need to determine the relative frequency of unit costs amounting to $55.00/unit.

Steps:

Identify the number of times the $55.00/unit cost appears:

Cincinnati, OH, USA (3/11/03): $55.00

Atlanta, GA, USA (8/31/05): $55.00

Total occurrences: 2

Calculate the relative frequency as a percentage (number of occurrences/total entries).

There are 8 total entries.

Relative frequency: 28×100=25%frac{2}{8} times 100 = 25%82×100=25%

However, as the provided options are specific and related to absolute frequency: