Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 44CE
(a)
To determine
To find: The sales per unit for 5 categories.
(b)
To determine
To construct: A frequency distribution of companies based on total sales.
(c)
To determine
To construct: A frequency distribution of companies based on per unit sales.
(d)
To determine
To write: A report to compare the distributions of total sales and per unit sales.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
XYZ Airlines reports that 93.4% of its flights
arrive on time. What percent of its flights do not
arrive on time?
The Wall Street Journal’s website, www.wsj.com, reported the number of cars and light-duty trucks sold through October of 2014 and October of 2015. The top sixteen manufacturers are listed here. The sales information for all manufacturers can be accessed in a data file below. Sales data are often reported in this way to compare current sales to last year’s sales.
Year-to-Date Sales
Manufacturer
Through October 2015
Through October 2014
General Motors Corp.
2,562,840
2,434,707
Ford Motor Company
2,178,587
2,065,612
Toyota Motor Sales USA Inc.
2,071,446
1,975,368
Chrysler
1,814,268
1,687,313
American Honda Motor Co Inc.
1,320,217
1,281,777
Nissan North America Inc.
1,238,535
1,166,389
Hyundai Motor America
638,195
607,539
Kia Motors America Inc.
526,024
489,711
Subaru of America Inc.
480,331
418,497
Volkswagen of America Inc.
294,602
301,187
Mercedes-Benz
301,915
281,728
BMW of North America Inc.…
PLEASE HELP
Chapter 2 Solutions
Statistical Techniques in Business and Economics
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 - Prob. 33CECh. 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 - Prob. 38CECh. 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 - Prob. 44CECh. 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...
Knowledge Booster
Similar questions
- If diesel fuel averaged $2.97 in the Summer of 2019 and it averages $2.05 in the Summer of 2020, then what is the percentage of increase or decrease faced by truckers that will be passed on to you? Please specify whether it is increase or decrease.arrow_forwardPlease help mearrow_forwardThe table summarizes results from 985 pedestrian deaths that were caused by automobile accidents.arrow_forward
- In The New Yorker on March 29, 2010 James Surowicki wrote that the 25 million iPhones Apple sold in 2009 represented 2.2 percent of world cell phone purchases. Use Surowicki’s numbers to estimate how many people bought a cell phone in 2009. Estimate the percentage of the world population that bought a cell phone in 2009. Thank you!arrow_forwardAssemble fuel consumption data for 10 automobiles of your choice (in litres/100km). Show details of how you arrive at the 5-number-summary and carefully draw the Boxplot.arrow_forwardThe higher education department of Holmes Institute recorded data on the number of students enrolled in the different study majors for the years 2018 and 2019. The data are stored in file STUDYMAJOR.xls. Use an appropriate graphical technique or chart to compare the number of enrolments in 2018 and 2019 of the different study majors. Display the chart. Use an appropriate graphical technique or chart to display the percentage value of the number of enrolments of the different study major in 2018 and 2019. Display the chart. Study Major 2018 2019 Statistics 1700 2250 Business Law 700 900 Accounting 1300 1450 Economics 750 1000 Finance 1450 1758 Marketing Management 1069 1189 Auditing 360 351arrow_forward
- According to the Bureau of Labor Statistics, in 2012, 35% of all American computer systems analysts were women. 225,000 women were doing this job. How many men were doing the same job?arrow_forwardPlease show steps in Excel. The 32 teams in the National Football League (NFL) are worth, on average, $1.17 billion, 5% more than last year. The datafile NFLTEAMVALUE shows the annual revenue ($millions) and the estimated team value ($ millions) for the 32 NFL teams (Forbes website, February 28, 2014). a.Develop a scatter diagram with Revenue on the horizontal axis and Value on the vertical axis. Does there appear that there is any relationship between the two variables? b. What is the sample correlation coefficient? What can you say about the strength of the relationship between Revenue and Value? Team Revenue ($ millions) Current Value ($ millions) Arizona Cardinals 253 961 Atlanta Falcons 252 933 Baltimore Ravens 292 1,227 Buffalo Bills 256 870 Carolina Panthers 271 1,057 Chicago Bears 298 1,252 Cincinnati Bengals 250 924 Cleveland Browns 264 1,005 Dallas Cowboys 539 2,300 Denver Broncos 283 1,161 Detroit Lions 248 900 Green Bay Packers 282 1,183 Houston…arrow_forwardIn a survey of 327 registered voters, 167 of them wished to see Mayor Waffleskate lose her next election. Find a point estimate for the proportion of registered voters who wish to see Mayor Waffleskate defeated.arrow_forward
- Last week a gumball machine dispensed 10 white gumballs and 16 other gumballs. Considering this data, how many of the next 78 gumballs dispensed should you expect to be white gumballs?arrow_forwardThe scatter plot shows the total number of rebounds caught and the total number of points scored for the five starting players of the Cleveland Cavaliers and of the Golden State Warriors in game 7 of the 2016 NBA finals. How many points did the Cavaliers player who caught the most rebounds score? Please enter your answer as a whole number.arrow_forwardMost vertebrate adult body sizes remain constant or increase throughout their lives. Marine iguanas are different in that they can actually decrease in size, in periods of low food availability. Examine the data set here, and test the hypothesis that on average across time, iguana length changed (increased) by 1 mm. Paste your R code in the answer box, and tell me your conclusion. Data is here: https://github.com/lisamanne/biostats_data/raw/main/Iguana_lengths.csv DATA- Tributary,Species_upstream,Species_downstream I��,14,19 Juta�,11,18 Japur�,8,8 Coari,5,7 Purus,10,16 Manacapuru,5,6 Negro,23,24 Madeira,29,30 Trombetas,19,16 Tapaj�s,16,20 Xingu,25,21 Tocantins,10,12arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell