Question

use the histogram of investment account values to answer the question.
what percentage of investments have a value of $200 or less?
25%
46%
63%
83%

Explanation:

Step1: Calculate total number of investments

Add up the frequencies of all bars: \(2 + 4+8 + 5+4=23\)

Step2: Calculate number of investments with value \(\$200\) or less

Sum the frequencies of the first three bars (up to \(\$200\)): \(2+4 + 8+5=19\)

Step3: Calculate the percentage

Use the formula \(\text{Percentage}=\frac{\text{Number of relevant investments}}{\text{Total number of investments}}\times100\%\)
\(\text{Percentage}=\frac{19}{23}\times100\%\approx82.6\%\approx83\%\)

Answer:

83%