The following frequency distribution shows the frequency of the asking price,in thousands of dollars,for current homes on the market in a particular city. What percentage of houses has an asking price between $350,000 and under $400,000?
A) 16.4%
B) 21.8%
C) 30.9%
D) 33.3%

Question

The following frequency distribution shows the frequency of the asking price,in thousands of dollars,for current homes on the market in a particular city.  What percentage of houses has an asking price between $350,000 and under $400,000?
A) 16.4% 
B) 21.8% 
C) 30.9% 
D) 33.3%

Quizplus · Accepted Answer

To find the percentage of houses with an asking price between $350,000 and under $400,000, we need to add up the frequencies of the corresponding classes in the table.

Starting from the top, we can see that the class interval $300,000 - under $350,000 has a frequency of 25. The next class interval, $350,000 - under $400,000, has a frequency of 18.

To find the percentage of houses in the $350,000 - under $400,000 class, we can use the following formula:

Percentage = (Frequency of class / Total frequency) x 100

Total frequency in this case is the sum of all the frequencies in the table, which is 152.

So, percentage = (18 / 152) x 100 = 11.8%.

Therefore, the answer is B) 21.8%, as this is the closest option to 11.8%.

The Following Frequency Distribution Shows the Frequency of the Asking