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Forbes magazine published data on the best small firms in 2012. These were firms which had been publicly traded for at least a year, have a stock price of at least $5 per share, and have reported annual revenue between $5 million and $1 billion. The table below shows the ages of the chief executive officers for the first 73 ranked firms.
Age Frequency Relative Frequency Cumulative Relative Frequency
40-44 4
45-49 3
50-54 15
55-59 20
60-64 21
65-69 8
70-74 2
Answer the following questions:
What percentage of CEOs are 59 years or younger? Round your answer to the nearest tenth.
What is the relative frequency of ages 65 to 69? Round your answer to 4 decimal places
What is the cumulative frequency for CEOs over 55 years in age? Round to a whole number. Do not include any decimals
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