What is the relative frequency of the revenue earned by B&B Motors from sales of mini trucks compared to the total sales rev
2 answers:
Answer: 0.021
Step-by-step explanation:
Given Table:
Sales ($ million)
Company Convertibles SUVs Sedans Mini Trucks Marginal Totals
Allison 45 28 19 36 128
B&B Motors 65 22 15 9 111
Pluto Cars 18 25 27 10 80
Panther Motors 40 26 34 12 112
Marginal Totals 168 101 95 67 431
From the above table, the total sales revenue earned by all four companies amounts to $431 million.
B&B Motors' revenue from mini trucks = $9 million.
Thus, the relative frequency of B&B Motors' mini truck revenue versus total revenue earned by all companies is:
Therefore, the final answer is 0.021.
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