Each year, Forbes magazine publishes a list of the world's richest people. We constructed a table, based on a 2013 Forbes article that shows the 25 richest people in the world, as of March of that year. Wealth Rank Name Age Citizenship ($ billions) 1 Carlos Slim Helu & family Bill Gates 73 Мexico 73 2 57 United States 67 Amancio Ortega 57 53.5 3 77 Spain 4 Warren Buffett 82 United States Larry Ellison Charles Koch 68 United States 43 77 United States 34 6 David Koch Li Ka-shing Liliane Bettencourt & family 90 10 73 United States 34 8 84 Hong Kong France 31 30 Bernard Arnault & family Christy Walton & family Stefan Persson 64 France United States Sweden United States United States 29 11 58 28.2 12 65 28 Michael Bloomberg Jim Walton 13 71 27 14 65 26.7 15 Sheldon Adelson 79 United States 26.5 16 Alice Walton 63 United States 26.3 S. Robson Walton Karl Albrecht Jeff Bezos 17 69 United States 26.1 Germany United States United States United States India 18 93 26 19 49 25.2 20 Larry Page Sergey Brin 21 Mukesh Ambani 22 40 23 39 56 22.8 21.5 Michele Ferrero & family Lee Shau Kee 23 88 Italy 85 Hong Kong 55 Canada 20.4 24 20.3 24 David Thomson & family 20.3

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Each year, Forbes magazine publishes a list of the world's richest people. We
constructed a table, based on a 2013 Forbes article that shows the 25 richest
people in the world, as of March of that year.
Wealth
Rank Name
Age Citizenship ($ billions)
1
Carlos Slim Helu & family
73
Mexico
73
2
Bill Gates
57
United States
67
Amancio Ortega
Warren Buffett
77
Spain
United States
57
4
82
53.5
Larry Ellison
68
United States
43
6
Charles Koch
77
United States
34
6
David Koch
73
United States
34
Hong Kong
France
8
Li Ka-shing
Liliane Bettencourt & family
Bernard Arnault & family
Christy Walton & family
Stefan Persson
Michael Bloomberg
84
31
90
30
10
64
France
United States
29
11
58
28.2
12
65
Sweden
28
13
71
United States
27
14
Jim Walton
65
United States
26.7
United States
63
15
Sheldon Adelson
Alice Walton
79
26.5
16
United States
26.3
17
S. Robson Walton
United States
69
93
26.1
Karl Albrecht
Germany
United States
18
26
19
Jeff Bezos
49
25.2
20
United States
Larry Page
Sergey Brin
Mukesh Ambani
40
23
21
39
United States
22.8
56 | India
88
22
21.5
Michele Ferrero & family
Lee Shau Kee
23
Italy
Hong Kong
Canada
20.4
24
85
20.3
24
David Thomson & family
55
20.3
Transcribed Image Text:Each year, Forbes magazine publishes a list of the world's richest people. We constructed a table, based on a 2013 Forbes article that shows the 25 richest people in the world, as of March of that year. Wealth Rank Name Age Citizenship ($ billions) 1 Carlos Slim Helu & family 73 Mexico 73 2 Bill Gates 57 United States 67 Amancio Ortega Warren Buffett 77 Spain United States 57 4 82 53.5 Larry Ellison 68 United States 43 6 Charles Koch 77 United States 34 6 David Koch 73 United States 34 Hong Kong France 8 Li Ka-shing Liliane Bettencourt & family Bernard Arnault & family Christy Walton & family Stefan Persson Michael Bloomberg 84 31 90 30 10 64 France United States 29 11 58 28.2 12 65 Sweden 28 13 71 United States 27 14 Jim Walton 65 United States 26.7 United States 63 15 Sheldon Adelson Alice Walton 79 26.5 16 United States 26.3 17 S. Robson Walton United States 69 93 26.1 Karl Albrecht Germany United States 18 26 19 Jeff Bezos 49 25.2 20 United States Larry Page Sergey Brin Mukesh Ambani 40 23 21 39 United States 22.8 56 | India 88 22 21.5 Michele Ferrero & family Lee Shau Kee 23 Italy Hong Kong Canada 20.4 24 85 20.3 24 David Thomson & family 55 20.3
a. For each of the five columns of the table, classify the data as either
qualitative or quantitative; if quantitative, further classify it as discrete or
continuous. Also, identify the variable under consideration in each case.
b. b. Obtain frequency and relative-frequency distributions of the citizenship
data.
c. Construct and interpret a pie chart for the citizenship data using Microsoft
Excel OR Minitab.
d. Construct and interpret a bar chart for the citizenship data using Microsoft
Excel OR Minitab.
e. Use limit grouping, with grouping by 10s, to organize the age data into
frequency and relative-frequency distributions.
f. Obtain stem-and-leaf diagram of the age data.
g. Use cutpoint grouping to organize the wealth data into frequency and
relative-frequency distributions. Employ a class width of 5 and a first cutpoint
of 20.
h. Obtain stem-and-leaf diagram of the wealth data.
Transcribed Image Text:a. For each of the five columns of the table, classify the data as either qualitative or quantitative; if quantitative, further classify it as discrete or continuous. Also, identify the variable under consideration in each case. b. b. Obtain frequency and relative-frequency distributions of the citizenship data. c. Construct and interpret a pie chart for the citizenship data using Microsoft Excel OR Minitab. d. Construct and interpret a bar chart for the citizenship data using Microsoft Excel OR Minitab. e. Use limit grouping, with grouping by 10s, to organize the age data into frequency and relative-frequency distributions. f. Obtain stem-and-leaf diagram of the age data. g. Use cutpoint grouping to organize the wealth data into frequency and relative-frequency distributions. Employ a class width of 5 and a first cutpoint of 20. h. Obtain stem-and-leaf diagram of the wealth data.
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