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 from Atlanta, GA?
A. $40.59
B. 3
C. $48.33
D. 33.33%
Answer: B
Explanation:
You need to find the relative frequency of unit costs from Atlanta, GA.
Steps:
Identify the number of bids from Atlanta, GA:
8/31/05: 530 units at $55.00/unit
11/19/04: 308 units at $40.00/unit
1/26/05: 45 units at $26.78/unit
Total number of instances: 3
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