Essentials Of Statistics For Business & Economics
Essentials Of Statistics For Business & Economics
9th Edition
ISBN: 9780357045435
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Chapter 1, Problem 25SE

Comparing Compact SUVs. Consumer Reports evaluates products for consumers. The file CompactSUV contains the data shown in Table 1.8 for 15 compact sports utility vehicles (SUVs) from the 2018 model line (Consumer Reports website):

Make—manufacturer

Model—name of the model

Overall score—awarded based on a variety of measures, including those in this data set

Recommended—Consumer Reports recommends the vehicle or not

Owner satisfaction—satisfaction on a five-point scale based on the percentage of owners who would purchase the vehicle again (– –, –, 0, +, + +).

Overall miles per gallon—miles per gallon achieved in a 150-mile test trip

Acceleration (0–60 sec)—time in seconds it takes vehicle to reach 60 miles per hour from a standstill with the engine idling

  1. a. How many variables are in the data set?
  2. b. Which of the variables are categorical, and which are quantitative?
  3. c. What percentage of these 15 vehicles are recommended?
  4. d. What is the average of the overall miles per gallon across all 15 vehicles?
  5. e. For owner satisfaction, construct a bar chart similar to Figure 1.4.
  6. f. Show the frequency distribution for acceleration using the following intervals: 7.0–7.9, 8.0–8.9, 9.0–9.9, and 10.0–10.9. Construct a histogram similar to Figure 1.5.

Chapter 1, Problem 25SE, Comparing Compact SUVs. Consumer Reports evaluates products for consumers. The file CompactSUV

a.

Expert Solution
Check Mark
To determine

Find the number of variables in the data set.

Answer to Problem 25SE

There are five variables, which are overall score, recommended, owner satisfaction, overall miles per gallon, and acceleration (0–60) second.

Explanation of Solution

Table represent 15 compact sports utility vehicles from 2018 model lines.

Here, the variables are overall score, recommended, owner satisfaction, overall miles per gallon, and acceleration (0-60) second.

Thus, there are five variables.

b.

Expert Solution
Check Mark
To determine

Identify the variables that are categorical and quantitative.

Answer to Problem 25SE

The variables recommended and owner satisfactions are categorical variables and overall scores, overall miles per gallon, and acceleration (0–60) second are Quantitative variables.

Explanation of Solution

Categorical data:

Categorical data are defined as the data that are names or labels assigned to identify an attribute or a category of an element under study. These are measured in the nominal or ordinal scale and may take numerical or non-numerical values. Arithmetic operations cannot be performed on the numerical values of the categorical data.

Quantitative data:

Quantitative data are defined as the data that count or measure a characteristic of an element under study. These are measured in the interval or ratio scale and take numerical values. Arithmetic operations can be performed on the numerical values of the quantitative data.

The variables recommended and owner satisfactions do not take numerical values. Therefore, the variables recommended and owner satisfactions are Categorical variables.

The variables overall scores, overall miles per gallon, and acceleration (0-60) second can take numerical values. Therefore, the variables overall scores, overall miles per gallon, and acceleration (0–60) second are Quantitative variables.

c.

Expert Solution
Check Mark
To determine

Compute the percentages of the vehicles that are recommended.

Answer to Problem 25SE

About 47% of the vehicles are recommended.

Explanation of Solution

Calculation:

Among the 15 vehicles, 7 are recommended.

The percentage of vehicles that are recommended is as follows:

Percentage=Number of favorable observationsTotal number of observations×100=715×100=0.4667×100=46.6747

Thus, about 47% of the vehicles are recommended.

d.

Expert Solution
Check Mark
To determine

Compute the average of the overall miles per gallon.

Answer to Problem 25SE

The average of the overall miles per gallon is 24.4 miles per gallon.

Explanation of Solution

Calculation:

The formula for average is as follows:

Average=Sum of observationsnumber of observations

The required average is given by:

Average=26+27+24+24+24+23+23+21+25+24+31+26+22+22+2415=36615=24.4

Thus, the average of the overall miles per gallon is 24.4 miles per gallon.

e.

Expert Solution
Check Mark
To determine

Draw the bar chart for owner satisfaction.

Answer to Problem 25SE

The bar chart for owner satisfaction is as follows:

Essentials Of Statistics For Business & Economics, Chapter 1, Problem 25SE , additional homework tip  1

Explanation of Solution

Calculation:

Among the 15 owner satisfaction, 7 are ‘0’.

The percentage for owner satisfaction ‘0’ is given as follows:

Percentage=Number of favorable observationsTotal number of observations×100=715×100=0.4667×100=46.67

Thus, about 46.67% of the owner satisfaction is 0.

Similarly the other percentages are given in the following table:

Owner SatisfactionPercentage
-115×100=6.67
046.67
+415×100=26.66
++315×100=20.00

Bar chart:

Software procedure:

Step-by-step procedure to draw the bar chart using EXCEL:

  • Open an EXCEL file and enter the given data.
  • Select the cells containing the data of owner satisfaction, including the column name.
  • Choose Insert > Column > 2-D.

Thus, the bar chart for owner satisfaction is obtained.

f.

Expert Solution
Check Mark
To determine

Find the frequency distribution for the acceleration.

Draw the histogram for the acceleration.

Answer to Problem 25SE

The frequency distribution for the acceleration is as follows:

AccelerationFrequency
7.0–7.91
8.0–8.95
9.0–9.94
10.0–10.95

The histogram for acceleration is as follows:

Essentials Of Statistics For Business & Economics, Chapter 1, Problem 25SE , additional homework tip  2

Explanation of Solution

Calculation:

Frequency distribution:

Frequency of an interval is the number observations that fall in that interval. The frequency distribution is a table that displays the list of intervals and corresponding frequencies.

From the table it is clear that there is only one observation fall in the interval 7.0–7.9. Similarly the other frequencies are given in the following table:

AccelerationFrequency
7.0–7.91
8.0–8.95
9.0–9.94
10.0–10.95

Histogram:

Software procedure:

Step-by-step procedure to draw the histogram using EXCEL is given below:

  • Open an EXCEL file and enter the given data.
  • Select the cells containing the data of acceleration and frequencies, including the column name.
  • Choose Insert > Column > 2-D.
  • Right click on the graph and select format Data series.
  • Select gap width as 0%.

Thus, the histogram for acceleration is obtained.

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Chapter 1 Solutions

Essentials Of Statistics For Business & Economics

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