Basic Business Statistics, Student Value Edition

14th Edition

ISBN: 9780134685113

Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat

Publisher: PEARSON

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Unitary Method

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The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

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Textbook Question

Chapter 2, Problem 43PS

One operation of a mill is to cut pieces of steel into parts that will later be used as the frame for front seats in an automobile. The steel is cut with a diamond saw and requites the resulting parts to be within $± 0.005$ inch of the length specified by the automobile company. The data are collected from a sample of 100 steel parts and stores in steel. The measurement reported is the difference in inches between the actual length of the steel part, as measured by a laser measurement device, and the specified length of the steel part, For example, the first value, $− 0.002 ,$ represents a steel part that is $0.002$ inch shorter than the specified length.

a. Construct a percentage histogram.

b. Is the steel mill doing a good job meeting the requirements set by the automobile company? Explain.

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Chapter 2, Problem 42PS

Chapter 2, Problem 44PS

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Chapter 2 Solutions

Basic Business Statistics, Student Value Edition

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Solution Summary: The author explains how to draw a percentage histogram by using MINITAB software.

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