Refer to the following chart showing a distribution of exporting firms:
-For the distribution above, what is the midpoint of the class with the greatest frequency?
A) $6 million
B) $9.5 million
C) $15.5 million
D) The midpoint cannot be determined
E) None of the choices are correct

Question

Refer to the following chart showing a distribution of exporting firms: 
-For the distribution above, what is the midpoint of the class with the greatest frequency?
A) $6 million 
B) $9.5 million 
C) $15.5 million 
D) The midpoint cannot be determined 
E) None of the choices are correct

Quizplus · Accepted Answer

The midpoint of the class with the greatest frequency is $9.5 million. This is because the class with the greatest frequency is the class with the range of $9 million to $10 million, and the midpoint of this class is $9.5 million.

Refer to the Following Chart Showing a Distribution of Exporting