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Merrill Lynch recently completed a study regarding the size of on-line investment portfolios…

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Merrill Lynch recently completed a study regarding the size of on-line investment portfolios (stocks, bonds, mutual funds, and certificates of deposit) for a sample of clients in the 40- to 50-year-old age group. Listed below is the value of all the investments in $000 for the 70 participants in the study.

Merrill Lynch recently completed a study regarding the size of on-line investment portfolios...

a. Organize the data into a frequency distribution. How many classes would you suggest?

What value would you suggest for a class interval?

b. Draw a histogram. Interpret your result.