An entrepreneur who owns and operates two businesses (A and B) would like to analyzetheir profitability. They would like your help in the analysis. They give you the annual netprofit (in thousands of $) for each business from 2008-2020.Table 1: Annual Net Profits for Businesses A and BBusinessYearProfitBusinessYearProfit2008-502008-10200957200930201071201027201164201122201260201221201350201320A201441201424201559201524201671201632201771201736201874201837019812040202097202049a. Suppose you want to graph the distribution of profits. Explain why using only one stem-plot might not be optimal for the analysis.b. Describe the correct stemplot to use. Generate this stemplot. Explain your steps. Whatcan you say about the distribution from this stemplot?c. When are stemplots useful? And why is that?d. Suppose that instead of having 26 observations you have 200 observations. What graphshould you generate?e. What other type of graph would be useful to analyze both business' profits? Gener-ate one for each business. What can we tell the entrepreneur from these graphs?f. Profits in 2008 are understandably low due to the financial crisis. Check if profits in2008 are statistical outliers for each business.

Stem Plot: The stem plot extracts the numeric data and splits them into two parts namely, the stem…

Answered: a. Suppose you want to graph the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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