The results of a census of 2,500 employees of a mid- sized company with 401(k) retirement accounts are as
follows:
Account Balance
(to nearest $)
Male
Female
635
495
< $25.000
$25,000-$49,999
$50,000-$99,999
>$100,000
185
515
155
210
260
45
Suppose researchers are going to sample employees
from the company for further study.
Based on the relative frequency assessment method, what is the probability that a randomly selected
employee will have a 401(k) account balance of between $25,000 and $49,999?
a.
15.8%
O b. 7.4%
O c. 8.4%
O d. 31%

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