Suppose the transit system of a large city has a lost and found department that

Question

Suppose the transit system of a large city has a lost and found department that keeps detailed records, including the estimated value in dollars of each lost item. Each year the department publishes a report with a histogram showing the proportion of items lost in various price ranges. The bar on the histogram with endpoints 100 to 200 has a height of 0.11. What does this mean? of the lost items, 11% cost $150. Between 100 and 200 items had an estimated value of 11% of the total cost of all items. Of the lost items, 11% cost between $100 and $200. It is impossible to answer the question because it does not say what variable is displayed on the horizontal axis. Of the lost items, 11% had an average cost of $150.

Explanation / Answer

Ans:

As the histogram,shoing the proportion of items lost in various price ranges,so bar on the histogram with endpoints 100 to 200 has a height of 0.11 means that Of the lost items,11% cost between dollar 100 and dollar 200

Third Option is correct.

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