EBK STATISTICAL TECHNIQUES IN BUSINESS
17th Edition
ISBN: 9781259924163
Author: Lind
Publisher: MCGRAW HILL BOOK COMPANY
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Textbook Question
Chapter 2, Problem 1SR
DeCenzo Specialty Food and Beverage Company has been serving a cola drink with an additional flavoring, Cola-Plus, that is very popular among its customers. The company is interested in customer preferences for Cola-Plus versus Coca-Cola. Pepsi, and a lemon-lime beverage. They ask 100 randomly sampled customers to take a taste test and select the beverage they prefer most. The results are shown in the following table:
- (a) Is the data qualitative or quantitative? Why?
- (b) What is the table called? What does it show?
- (c) Develop a bar chart to depict the information.
- (d) Develop a pie chart using the relative frequencies.
a.
Expert Solution
To determine
Identify the nature of the data whether it is qualitative or quantitate.
Explain your answer.
Answer to Problem 1SR
The nature of the data is quantitative.
Explanation of Solution
The given table explains the frequencies of different cola drinks with additional flavors that people prefer the most. The number of people who liked each flavor of cola drink is represented as numerical values. Therefore, the nature of the data is quantitative.
b.
Expert Solution
To determine
Identify the name of the table.
Explain what does the table represents.
Answer to Problem 1SR
The given table is called as the frequency table.
The table explains the frequencies of different cola drinks with additional flavors that people prefer the most.
Explanation of Solution
Frequency table:
The frequency table is a collection of mutually exclusive and exhaustive classes that show the number of observations in each class.
Here, the given table explains the frequencies of different cola drinks with additional flavors that people prefer the most. Therefore, the given table is called as the frequency table.
c.
Expert Solution
To determine
Construct a bar chart to depict the given information.
Answer to Problem 1SR
The bar chart for the given data is represented as follows:
Explanation of Solution
The bar chart for the given data can be drawn using EXCEL.
Step-by-step procedure to obtain bar chart using EXCEL is given below:
- Select the total data range with labels.
- Go to Insert > Charts > Bar chart.
- Select the appropriate bar chart.
- Click OK.
d.
Expert Solution
To determine
Construct a pie chart using the relative frequencies.
Answer to Problem 1SR
The pie chart for the given data is represented as follows:
Explanation of Solution
The pie chart for the given data can be drawn using EXCEL.
Step-by-step procedure to obtain pie chart using EXCEL is given below:
- Select the total data range with labels.
- Go to Insert > Charts > pie chart.
- Select the appropriate pie chart.
- Click OK.
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Chapter 2 Solutions
EBK STATISTICAL TECHNIQUES IN BUSINESS
Ch. 2 - DeCenzo Specialty Food and Beverage Company has...Ch. 2 - A pie chart shows the relative market share of...Ch. 2 - In a marketing study, 100 consumers were asked to...Ch. 2 - A total of 1,000 residents in Minnesota were asked...Ch. 2 - Two thousand frequent business travelers are asked...Ch. 2 - Wellstone Inc. produces and markets replacement...Ch. 2 - A small business consultant is investigating the...Ch. 2 - In the first quarter of last year, the 11 members...Ch. 2 - Prob. 3SRCh. 2 - A set of data consists of 38 observations. How...
Ch. 2 - A set of data consists of 45 observations between...Ch. 2 - A set of data consists of 230 observations between...Ch. 2 - A set of data contains 53 observations. The...Ch. 2 - Wachesaw Manufacturing Inc. produced the following...Ch. 2 - The Quick Change Oil Company has a number of...Ch. 2 - The manager of the BiLo Supermarket in Mt....Ch. 2 - The food services division of Cedar River...Ch. 2 - The annual imports of a selected group of...Ch. 2 - Mollys Candle Shop has several retail stores in...Ch. 2 - The following chart shows the number of patients...Ch. 2 - The following frequency distribution reports the...Ch. 2 - Prob. 18ECh. 2 - A sample of the hourly wages of 15 employees at...Ch. 2 - The following cumulative frequency and the...Ch. 2 - The cumulative frequency and the cumulative...Ch. 2 - The frequency distribution representing the number...Ch. 2 - Prob. 22ECh. 2 - Describe the similarities and differences of...Ch. 2 - Describe the similarities and differences between...Ch. 2 - Alexandra Damonte will be building a new resort in...Ch. 2 - Prob. 26CECh. 2 - A data set consists of 83 observations. How many...Ch. 2 - A data set consists of 145 observations that range...Ch. 2 - The following is the number of minutes to commute...Ch. 2 - The following data give the weekly amounts spent...Ch. 2 - A social scientist is studying the use of iPods by...Ch. 2 - David Wise handles his own investment portfolio,...Ch. 2 - You are exploring the music in your iTunes...Ch. 2 - The monthly issues of the Journal of Finance are...Ch. 2 - The following histogram shows the scores on the...Ch. 2 - The following chart summarizes the selling price...Ch. 2 - A chain of sport shops catering to beginning...Ch. 2 - The numbers of outstanding shares for 24 publicly...Ch. 2 - A recent survey showed that the typical American...Ch. 2 - Midland National Bank selected a sample of 40...Ch. 2 - Residents of the state of South Carolina earned a...Ch. 2 - A recent study of home technologies reported the...Ch. 2 - Merrill Lynch recently completed a study regarding...Ch. 2 - A total of 5.9% of the prime-time viewing audience...Ch. 2 - Refer to the following chart: a. What is the name...Ch. 2 - The following chart depicts the annual revenues,...Ch. 2 - Prob. 47CECh. 2 - Prob. 48CECh. 2 - One of the most popular candies in the United...Ch. 2 - The number of families who used the Minneapolis...Ch. 2 - Refer to the North Valley Real Estate data that...Ch. 2 - Prob. 52DACh. 2 - Refer to the Lincolnville School District bus...
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