Lesley Niles, a summer intern at the Internet Financial Services Corporation, has been asked to investigate the low participation rates in the company’s 401(k) investment program. Niles read an article in The Wall Street Journal commenting on families’ second wage-earner income as a determinant of plan participation. Niles went from office to office and interviewed executives eligible to participate. None of the executives reported a spouse with second income over $35,000 and many families had no second income. To examine the situation, Niles decides to construct both frequency and relative frequency distributions.
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