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 47CE
(a)
To determine
To create: A bar chart to summarize the table.
(b)
To determine
To find: The percentage of “Mineral fuels including oil” and “Vehicles” exported relative to the total exports.
(c)
To determine
To find: The percentage of “Mineral fuels including oil” and “Vehicles” exported relative to the total of the top five exports.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
The 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.
a) Use an appropriate graphical technique or chart to compare the number of enrolment in 2018 and 2019 of the different study major. Display the chart.
b) Use an appropriate graphical technique or chart to display the percentage value of the number of enrolment of the different study major in 2018 and 2019. Display the chart.
The 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.
a) Use an appropriate graphical technique or chart to compare the number of enrolment in 2018 and 2019 of the different study major. Display the chart.
b) Use an appropriate graphical technique or chart to display the percentage value of the number of enrolment of the different study major in 2018 and 2019. Display the chart.
Report the five-number summary of the domestic gross income.
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
- Name the four characteristics of a good definition.arrow_forwardEstimate what percentage of the class received a Barrow_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
- Listed below are repair costs (in dollars) for cars crashed at 6mi/h in full-front crash tests and the same cars crashed at 6mi/h in full-rear crash tests (based on data from the Insurance Institute for Highway Safety). The cars are Toyota Camry, Mazda 6, Volvo S40, Saturn Aura, Subaru Legacy, Hyundai Sonata, and Honda Accord. Front 936 978 2252 1032 3911 4312 3469 Rear 1480 1202 802 3191 1122 739 2767 a) Is there sufficient evidence to conclude that there is a linear correlation between the repair costs from full-front crashes and full-rear crashes? b) Find the equation of the regression line between Full-Front and Full-rear crashes. c) What proportion of repair costs from full-front crashes can be explained by the costs of repair from full-rear crashes? d) Find the best predicted repair costs for a full-rear crash for a Volkswagen Passat, given that its repair cost from a full-front crash is $4594. How does the result compare to the $982 actual repair cost from a full-rear crash?arrow_forwardThe table summarizes results from 985 pedestrian deaths that were caused by automobile accidents.arrow_forwardIn order to estimate how much annual income that their graduates earn after graduating, York U collected the annual income of 123 of their recent graduates during their first year of full-time employment after graduation. The average income of this sample is $53,450.00 +/- 7750, SD. What is the SEM? Feel free to enter just a whole number.arrow_forward
- The U.S. Census bureau serves as the leading source of quantitative data about the nation’s people and economy. The following cross-tabulation shows the number of households (1000s) and the household income by the highest level of education for the head of household only households in which the head has a high school diploma or more are included. Highest Level of Education Under $25,000 $25,000 to $49,999 $50,000 to $99,999 $100,000 and Over Total High school graduate 9,880 9,970 9,441 3,482 32,773 Bachelor’s degree 2,484 4,164 7,666 7,817 22,131 Master’s degree 685 1,205 3,019 4,094 9,003 Doctoral degree 79 160 422 1,076 1,737 Total 13,128 15,499 20,548 16,469 65,644 1.Develop a joint probability 2.Is household income independent of educational level?arrow_forwardCalculate Mean, Mode and Median for the data: 97, 125, 165, 93, 121, 162, 96, 98, 91 93, 122, 135 and 85arrow_forwardIn which year did Tesco have the least number of stores?arrow_forward
- Please help asap with this. thank you!arrow_forwardThe price per share of stock for a sample of companies was recorded at the beginning of the first financial quarter and then again at the end of the first financial quarter. How stocks perform during the first quarter is an indicator of what is ahead for the stock market and the economy. Use the sample data in the file StockQuarter to answer the following. Click on the datafile logo to reference the data. Beginning of 1st end of 1stCompany Quarter QuarterBank of New York Mellon 53.82 54.19 Kraft Foods 77.02 55.70 E.I. du Pont de Nemours and Company 109.00 102.57 Consolidated Edison 83.58 79.95 Johnson & Johnson 139.23 126.01 Union Pacific…arrow_forwardThe price per share of stock for a sample of 25 companies was recorded at the beginning of the first financial quarter and then again at the end of the first financial quarter. How stocks perform during the first quarter is an indicator of what is ahead for the stock market and the economy. Use the sample data in the file StockQuarter to answer the following. Click on the datafile logo to reference the data. DATA file a. Let di denote the percentage change in price per share for company i where 7.46 Confidence interval Interpret this result. The stock market experiences a decline Company Bank of New York Mellon Kraft Foods E.I. du Pont de Nemours and Company Consolidated Edison ) (to 3 decimals) Johnson & Johnson Union Pacific Comcast Applied Materials. Pfizer General Electric AT&T Cisco Systems Home Depot ✔ JP Morgan Chase Procter & Gamble Verizon Devon Energy Lilly Microsoft Coca Cola Qualcomm Exxon Mobil Corporation PG&E Corporation Oracle Corporation Chevron end of 1st quarter…arrow_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 LittellHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
- Elementary Geometry For College Students, 7eGeometryISBN:9781337614085Author:Alexander, Daniel C.; Koeberlein, Geralyn M.Publisher:Cengage,
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
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Elementary Geometry For College Students, 7e
Geometry
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Cengage,