STAT. TECH. IN BUSINESS + ECON LOOSELEAF
18th Edition
ISBN: 9781264261765
Author: Lind
Publisher: MCG
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Chapter 20, Problem 18CE
a.
To determine
Find the total number of cars needed in order to maximize profit.
b.
To determine
Obtain the
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Students have asked these similar questions
The following ordered data list shows the data speeds for cell phones used by a
telephone company at an airport:
A. Calculate the Measures of Central Tendency from the ungrouped data list.
B. Group the data in an appropriate frequency table.
C. Calculate the Measures of Central Tendency using the table in point B.
0.8
1.4
1.8
1.9
3.2
3.6
4.5
4.5
4.6
6.2
6.5
7.7
7.9
9.9
10.2
10.3
10.9
11.1
11.1
11.6
11.8
12.0
13.1
13.5
13.7
14.1
14.2
14.7
15.0
15.1
15.5
15.8
16.0
17.5
18.2
20.2
21.1
21.5
22.2
22.4
23.1
24.5
25.7
28.5
34.6
38.5
43.0
55.6
71.3
77.8
II Consider the following data matrix X:
X1
X2
0.5
0.4
0.2 0.5
0.5
0.5
10.3 10
10.1 10.4
10.1
10.5
What will the resulting clusters be when using the k-Means method with k = 2. In your own words, explain why this result is
indeed expected, i.e. why this clustering minimises the ESS map.
why the answer is 3 and 10?
Chapter 20 Solutions
STAT. TECH. IN BUSINESS + ECON LOOSELEAF
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