Exhibit 2-2
Information on the type of industry is provided for a sample of 50 Fortune 500 companies.
-Refer to Exhibit 2-2. The percent frequency of industries that are classified as electronics is
A)10
B)20
C)0.10
D)0.20

Question

Exhibit 2-2
Information on the type of industry is provided for a sample of 50 Fortune 500 companies. 
-Refer to Exhibit 2-2. The percent frequency of industries that are classified as electronics is
A)10 
B)20 
C)0.10 
D)0.20

Quizplus · Accepted Answer

Out of the 50 Fortune 500 companies, the number of companies classified as electronics industry is not given. Therefore, we cannot find the percent frequency directly. However, we can calculate it using the following formula:
Percent frequency = (Frequency of electronics industry / Total number of companies) x 100%
We do not have the frequency of electronics industry, but we know that it is less than or equal to 10, as the highest frequency mentioned in the table is 10 for the chemicals industry. Therefore, the maximum percent frequency of electronics industry would be (10 / 50) x 100% = 20%. Therefore, the closest answer choice is B - 20.

Exhibit 2-2 Information on the Type of Industry Is Provided for a for a Sample