Introduction to Business Statistics
7th Edition
ISBN: 9781111792374
Author: WEIERS
Publisher: Cengage Learning
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Chapter 2.2, Problem 2.11E
During his career in the NHL, hockey great Wayne Gretzky had the following season-total goals for each of his 20 seasons.
51 55 92 71 87 73 52 62 40 5.4
40 41 31 16 38 11 23 25 23 9
Construct a frequency distribution and a histogram for these data.
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Question 2: When John started his first job, his first end-of-year salary was $82,500. In the following years, he received salary raises as shown in the following table.
Fill the Table: Fill the following table showing his end-of-year salary for each year. I have already provided the end-of-year salaries for the first three years. Calculate the end-of-year salaries for the remaining years using Excel. (If you Excel answer for the top 3 cells is not the same as the one in the following table, your formula / approach is incorrect) (2 points)
Geometric Mean of Salary Raises: Calculate the geometric mean of the salary raises using the percentage figures provided in the second column named “% Raise”. (The geometric mean for this calculation should be nearly identical to the arithmetic mean. If your answer deviates significantly from the mean, it's likely incorrect. 2 points)
Hint for the first part of question 2: To assist you with filling out the table in the first part of the question,…
Consider a sample with data values of 27, 25, 20, 15, 30, 34, 28, and 25. Compute the range, interquartile range, variance, and standard deviation (to a maximum of 2 decimals, if decimals are necessary).
Range
Interquartile range
Variance
Standard deviation
Perform a Step by step following tests in Microsoft Excel. Each of the following is 0.5 points, with a total of 6 points. Provide your answers in the following table.
Median
Standard Deviation
Minimum
Maximum
Range
1st Quartile
2nd Quartile
3rd Quartile
Skewness; provide a one sentence explanation of what does the skewness value indicates
Kurtosis; provide a one sentence explanation of what does the kurtosis value indicates
Make a labelled histogram; no point awarded if it is not labelled
Make a labelled boxplot; no point awarded if it is not labelled
Data
27
30
22
25
24
22
20
28
20
26
21
23
24
20
28
30
20
28
29
30
21
26
29
25
26
25
20
30
26
28
25
21
22
27
27
24
26
22
29
28
30
22
22
22
30
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21
30
26
20
Chapter 2 Solutions
Introduction to Business Statistics
Ch. 2.2 - What is a frequency distribution? What benefits...Ch. 2.2 - Prob. 2.2ECh. 2.2 - The National Safety Council reports the following...Ch. 2.2 - Prob. 2.4ECh. 2.2 - Prob. 2.5ECh. 2.2 - Using the frequency distribution in Exercisc 2.5,...Ch. 2.2 - What is meant by the statement that the set of...Ch. 2.2 - For commercial banks in each state, the U.S....Ch. 2.2 - The accompanying data describe the hourly wage...Ch. 2.2 - The following performance scores have been...
Ch. 2.2 - During his career in the NHL, hockey great Wayne...Ch. 2.2 - According to the U.S. Department of Agriculture,...Ch. 2.2 - Convert the distribution in Exercise 2.3 to a...Ch. 2.2 - Prob. 2.14ECh. 2.2 - Using the frequency distribution obtained in...Ch. 2.2 - For the frequency distribution constructed in...Ch. 2.2 - Prob. 2.17ECh. 2.2 - Prob. 2.18ECh. 2.2 - Prob. 2.19ECh. 2.3 - Construct a stem-and-leaf display for the...Ch. 2.3 - Prob. 2.21ECh. 2.3 - In the following stem-and-leaf display for a set...Ch. 2.3 - Prob. 2.23ECh. 2.3 - Prob. 2.24ECh. 2.3 - Prob. 2.25ECh. 2.3 - Prob. 2.26ECh. 2.3 - Prob. 2.28ECh. 2.4 - What is the difference between a histogram and a...Ch. 2.4 - Prob. 2.30ECh. 2.4 - Prob. 2.31ECh. 2.4 - Prob. 2.32ECh. 2.4 - Prob. 2.33ECh. 2.4 - Prob. 2.34ECh. 2.4 - It has been estimated that 92.9% of U.S....Ch. 2.4 - Prob. 2.37ECh. 2.5 - What is a scatterplot, and for what kind of data...Ch. 2.5 - Prob. 2.39ECh. 2.5 - Prob. 2.40ECh. 2.5 - Prob. 2.41ECh. 2.5 - For six local offices of a large tax prepartion...Ch. 2.5 - In the 2009 stress tests applied to the nation’s...Ch. 2.5 - Prob. 2.44ECh. 2.5 - Prob. 2.45ECh. 2.6 - Prob. 2.46ECh. 2.6 - Difference between simple tabulation and...Ch. 2.6 - Prob. 2.48ECh. 2.6 - For the fleet described in Exercise 2.48, a....Ch. 2.6 - Prob. 2.50ECh. 2.6 - Prob. 2.51ECh. 2.6 - Prob. 2.52ECh. 2.6 - Prob. 2.53ECh. 2.6 - Prob. 2.54ECh. 2 - The breakdown of U.S. cities having a population...Ch. 2 - The National Oceanic and Atmospheric...Ch. 2 - Prob. 2.57CECh. 2 - Prob. 2.58CECh. 2 - Prob. 2.59CECh. 2 - Prob. 2.60CECh. 2 - The following stem-and-leaf output has been...Ch. 2 - For the period 2001—2008, the lristol-Myers Squibb...Ch. 2 - Prob. 2.63CECh. 2 - Prob. 2.64CECh. 2 - Prob. 2.65CECh. 2 - Prob. 2.66CECh. 2 - Prob. 2.67CECh. 2 - Prob. 2.68CECh. 2 - Prob. 2.69CECh. 2 - Prob. 2.70CECh. 2 - Using 10-yard intervals beginning with 200.0—under...Ch. 2 - Using the same intervals as in part 1, construct a...Ch. 2 - Prob. 1.3IC
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