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In 2007, unemployment rates in the 50 U.S. states were reported as follows. These data are also provided in the file XR02058. Source: Bureau of the Census, Statistical Abstract of the United States 2009, p. 373.
under $200,000
268
22
$200,000-under $300,000
227
54
$300,000-under $500,000
186
64
$500,000 or over
94
41
Convert these data to relative frequency distributions, one for the total United States, the other for the western states. Do the results appear to suggest any differences between total U.S. prices and those in the western states?
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Why is such information important to the business?
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