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The following data set has been adapted from information provided by the IRS in 1985 about the population of "well-to-do" (WTD) individuals in various states. (At the time, a WTD individual was de?ned as someone with gross assets ≥ $500, 000).

State	WTD Population
California	301,500
Texas	204,800
Florida	151,800
New York	110,100
Illinois	108,000
Pennsylvania	86,800
Ohio	52,500
New Jersey	51,300
Iowa	50,800
Michigan	48,100

Generate a bar chart for the data in terms of relative frequency. In how many of these 10 states will one ?nd approximately 80% of the listed "well-to-do" individuals?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91711301

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