(a) The frequency distribution shows the range of prices of a brand of a car sold by a dealer and the corresponding quantity demanded. Price (N1,000,000.00 ...

Question 1 Report

(a) The frequency distribution shows the range of prices of a brand of a car sold by a dealer and the corresponding quantity demanded. 

Price

(N1,000,000.00

1.0 - 1.9 2.0 - 2.9 3.0 - 3.9 4.0 - 4.9 5.0 - 5.9
Number of Vehicles 23 48 107 90 32


(b) Represent the information in a histogram and use the histogram to determine the most preferred selling price for the brand of car.