Question

What is the relative frequency of the revenue earned by B&B Motors from sales of mini trucks compared to the total sales revenue earned by all four companies? OA 0.02 B. 0.16 OC. 0.26 OD. 0.55

Answer 1

From the table we can derive the following :

Revenue earned by B&B from the sale of mini trucks = 9

The total sales revenue earned by all four companies = 431

Recall that relative frequency is calculated using the formula:

`R\mathrm{}F=\text{ }\frac{frequency}{Sum\text{ of frequency}}`

Hence:

`\begin{gathered} R\mathrm{}F\text{ = }(9)/(431) \\ =\text{ }0.02088 \\ \cong\text{ 0.02} \end{gathered}`