Mathematical Statistics with Applications
Mathematical Statistics with Applications
7th Edition
ISBN: 9781111798789
Author: Dennis O. Wackerly
Publisher: Cengage Learning
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Chapter 1.2, Problem 4E

The top 40 stocks on the over-the-counter (OTC) market, ranked by percentage of outstanding shares traded on one day last year are as follows:

Chapter 1.2, Problem 4E, The top 40 stocks on the over-the-counter (OTC) market, ranked by percentage of outstanding shares

  1. a Construct a relative frequency histogram to describe these data.
  2. b What proportion of these top 40 stocks traded more than 4% of the outstanding shares?
  3. c If one of the stocks is selected at random from the 40 for which the preceding data were taken, what is the probability that it will have traded fewer than 5% of its outstanding shares?
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