A FREQUENCY DISTRIBUTION TABLE OF THE BID PRICES OF THE ITEMS

Bidding Price (in Peso) Tally Frequency

100 I 1

150 II 2

200 IIII 4

250 IIIII-II 7

300 IIIII 5

350 II 2

400 I 1

450 II 2

500 II 2

TOTAL 26
1. What is the probability of each bidding price?

a. P(100 pesos)=1/26 or 3.8% b. P(150 pesos)=1/13 or 7.7% c. P(200 pesos)=2/13 or 15.4%

d. P(250 pesos)=7/26 or 26.9% e. P(300 pesos)=5/26 or 19.2% f. P(350 pesos)=1/13 or 7.7%

a. P(400 pesos)=1/26 or 3.8% b. P(450 pesos)=1/13 or 7.7% c. P(500 pesos)=1/13 or 7.7%

2. What is the probability of the highest bid price?

P(highest bid price)=P(500 pesos)=1/13 or 7.7%

3. What can you say about the pie Graph?

The pie graph reveals the least frequent bid price and the most frequent bid price (100pesos/400pesos
and 250 pesos respectively). The pie graph indicates that even though the customers are unlikely to bid
in any of the prices (since every bid price has a probability less than 30 percent), the chance of bidding
250 pesos is higher. Furthermore, the pie graph shows that the number of pupils who got a bid price of
150 pesos are with the same number with those who got the bid price of 350 pesos, 450 pesos, and 500
peso. Similarly, there are same number of pupils who got a bid price of 100 pesos and 400 pesos.