Question
Question: A market with 3900 operating firms has the following distribution for firms arranged according to va...
A market with 3900 operating firms has the following distribution for firms arranged according to various income groups of workers
| Income group | No. of firms |
| 150-300 | 300 |
| 300-500 | 500 |
| 500-800 | 900 |
| 800-1200 | 1000 |
| 1200-1800 | 1200 |
If a histogram for the above distribution is constructed the highest bar in the histogram would correspond to the class
A
500-800
B
1200-1800
C
800-1200
D
150-300
Answer
1200-1800
Explanation
Solution
Maximum number of firms is 1200 in the group of 1200-1800. Therefore, highest bar would correspond to 1200-1800 class.