Discuss the below:
Q: Accounting Horizons published a 1998 study in which corporate executives reported the number of times each year they held audit committee meetings with the chief internal auditor of the corporation. The raw data are shown below:
0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 5 5 5 5 5 5 5 5 5 5 5 5 5
a. Construct a frequency table that shows relative frequencies (in percentages) and cumulative relative frequencies (in percentages).
b. Construct a relative frequency histogram and a cumulative frequency histogram for these data with the proper title and labels for each axis.
c. 3 or less meetings are held for approximately what percentage of time?