Select the Market Research data set, a sample size of 143, and click Sample Now. Request a Relative Frequency Histogram of the RateCurr variable. Interpret the size of the bar corresponding to the third range along the horizontal axis. "The bar indicates that 26 no more than percent of the 143 observations have a value of RateCurr that is more than but
Select the Market Research data set, a sample size of 143, and click Sample Now. Request a Relative Frequency Histogram of the RateCurr variable. Interpret the size of the bar corresponding to the third range along the horizontal axis. "The bar indicates that 26 no more than percent of the 143 observations have a value of RateCurr that is more than but
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
26 & 143 are correct. Need help with the other part of the question.
Transcribed Image Text:**Visual Descriptive Statistics**
**Chart Section:**
- **Type:** Relative Frequency Histogram
- **Graph Details:**
- **Y-Axis (Relative Frequency %):** The histogram shows relative frequency on the y-axis, ranging from 0% to 30%.
- **X-Axis (RateCurr):** The x-axis represents the variable "RateCurr," divided into intervals: 0 to 2, 2 to 4, 4 to 6, 6 to 8, 8 to 10, and 10 to 12.
- **Bar Representation:** The histogram includes bars for each interval. The heights of the bars indicate the relative frequency percentage for each range.
- **Notable Features:** The bars for the intervals 4 to 6 and 6 to 8 are the tallest, reaching nearly 30% relative frequency.
**Settings Section:**
- **Data Set:** Market Research Data
- **Sample Size (n):** Indicates 143 samples currently selected, with a range available from 2 to 160.
- **Sample Now Button:** Allows users to select a new sample size as needed.
- **Variable to Plot (x):** The selected variable is "RateCurr."
- **Grouping:** All data is considered without grouping.
This visual tool allows users to quickly assess the distribution of a dataset using a relative frequency histogram, providing insights into the concentration and spread of data points within defined intervals.
![Select the Market Research data set, a sample size of 143, and click *Sample Now*.
Request a Relative Frequency Histogram of the RateCurr variable. Interpret the size of the bar corresponding to the third range along the horizontal axis.
"The bar indicates that [26] percent of the [143] observations have a value of RateCurr that is more than [ ] but no more than [ ]."](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6377a14a-8e30-4a26-9917-69041e7b5915%2F1915a735-1d64-4bae-b400-65eec721482c%2Fw7008f_processed.png&w=3840&q=75)
Transcribed Image Text:Select the Market Research data set, a sample size of 143, and click *Sample Now*.
Request a Relative Frequency Histogram of the RateCurr variable. Interpret the size of the bar corresponding to the third range along the horizontal axis.
"The bar indicates that [26] percent of the [143] observations have a value of RateCurr that is more than [ ] but no more than [ ]."
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman