Question

Forbes magazine published data on the best small firms in 2012. These were firms that 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 63 ranked firms.

Age	Frequency	Relative Frequency	Cumulative Relative Frequency
40-44	2
45-49	3
50-54	14
55-59	18
60-64	17
65-69	8
70-74	1

Answer the following questions:

What percentage of CEOs are 60 years or older? Round your answer to the nearest tenth.

  

What is the relative frequency of ages under 50? If responding using a decimal, round your answer to the nearest hundredth.

What is the cumulative frequency for CEOs younger than 55? Round to a whole number. Do not include a decimal.

Answer 1