Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)

6th Edition

ISBN: 9781337115186

Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

Publisher: Cengage Learning

See similar textbooks

Concept explainers

Inverse Normal Distribution

The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of tw…

Mean, Median, Mode

It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency o…

Z-Scores

A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow compar…

Videos

Textbook Question

Chapter 2.3, Problem 32E

Household Income Levels. The following crosstabulation shows the number of households (1000s) in each of the four regions of the United States and the number of households at each income level (U.S. Census Bureau website, https://www.census.gov/data/tables/time-series/demo/income-poverty/cps-hinc.html).

Chapter 2.3, Problem 32E, Household Income Levels. The following crosstabulation shows the number of households (1000s) in

a. Compute the row percentages and identify the percent frequency distributions of income for households in each region.
b. What percentage of households in the West region have an income level of $50,000 or more? What percentage of households in the South region have an income level of $50,000 or more?
c. Construct percent frequency histograms for each region of households. Do any relationships between regions and income level appear to be evident in your findings?
d. Compute the column percentages. What information do the column percentages provide?
e. What percent of households with a household income of $100,000 and over are from the South region? What percentage of households from the South region have a household income of $100,000 and over? Why are these two percentages different?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 2.3, Problem 31E

Chapter 2.3, Problem 33E

Students have asked these similar questions

14 A survey is conducted to determine whether would prefer to work at home, if given the 20 office employees of a certain company chance. The overall results are shown in the first bar graph, and the results broken down by gender are presented in the second. a. Interpret the results of each graph. b. Discuss the added value in including gen- der in the second bar graph. (The second bar graph in this problem is called a side by side bar graph and is often used to show results broken down by two or more variables.) c. Compare the side by side bar graph with the two pie charts that you made for Question 6. Which of the two methods is best for comparing two groups, in your opinion? A Would you prefer to work at home? (n=20) 60 50 40 Percent 20 30 20 30 10 0 No Yes Prefer to work at home? (10 males, 10 females) 80 Percent 60 00 40 40 20- No Yes No Yes Female Male

Frequency 12 Suppose that a random sample of 270 gradu- ating seniors are asked what their immediate priorities are, including whether buying a house is a priority. The results are shown in the following bar graph. a. The bar graph is misleading; explain why. b. Make a new bar graph that more fairly presents the results. Is Buying a House a Priority? 300 250 200 150 100 50 0 Yes No Undecided

Frequency 11 A polling organization wants to find out what voters think of Issue X. It chooses a random sample of voters and asks them for their opinions of Issue X: yes, no, or no opinion. I organize the results in the following bar graph. a. Make a frequency table of these results (including the total number). brocb. Evaluate the bar graph as to whether it biz s b fairly represents the results. of beau no STORE TO OW! vd wob spind 550 540 500 vd 480 420 360 300 250 240 Yes No Undecided Opinion on Issue X

Chapter 2 Solutions

Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)

Ch. 2.1 - Methods 1. The response to a question has three...Ch. 2.1 - 2. A partial relative frequency distribution is...Ch. 2.1 - A questionnaire provides 58 Yes, 42 No, and 20...Ch. 2.1 - For the 2010–2011 viewing season, the top five...Ch. 2.1 - In alphabetical order, the six most common last...Ch. 2.1 - Top Rated Television Show Networks. Nielsen Media...Ch. 2.1 - Airline Customer Satisfaction Survey. Many...Ch. 2.1 - Prob. 8E Ch. 2.1 - Prob. 9E Ch. 2.1 - VirtualTourist provides ratings for hotels...

Ch. 2.2 - 11. Consider the following data. Develop a...Ch. 2.2 - 12. Consider the following frequency...Ch. 2.2 - Construct a histogram for the data in exercise...Ch. 2.2 - Prob. 14E Ch. 2.2 - Construct a stem-and-leaf display for the...Ch. 2.2 - Construct a stem-and-leaf display for the...Ch. 2.2 - Applications 17. A doctor’s office staff studied...Ch. 2.2 - NBA Total Player Ratings. CBSSports.com developed...Ch. 2.2 - Prob. 19E Ch. 2.2 - CEO Time in Meetings. The London School of...Ch. 2.2 - Quantcast.com provides the number of people from...Ch. 2.2 - Top U.S. Franchises. Entrepreneur magazine ranks...Ch. 2.2 - Prob. 24E Ch. 2.2 - Best Paying College Degrees. Each year America.EDU...Ch. 2.2 - Prob. 26E Ch. 2.3 - The following data are for 30 observations...Ch. 2.3 - The following observations are for two...Ch. 2.3 - Daytona 500 Automobile Makes Average Speeds. The...Ch. 2.3 - Daytona 500 Average Speeds of Winners. The...Ch. 2.3 - 31. Recently, management at Oak Tree Golf Course...Ch. 2.3 - Household Income Levels. The following...Ch. 2.3 - 33. Each year Forbes ranks the world’s most...Ch. 2.3 - Prob. 34E Ch. 2.3 - The U.S. Department of Energy's Fuel Economy...Ch. 2.4 - The following 20 observations are for two...Ch. 2.4 - Prob. 37E Ch. 2.4 - The following crosstabulation summarizes the data...Ch. 2.4 - Driving Speed and Fuel Efficiency. A study on...Ch. 2.4 - The DATAfile Snow contains average annual snowfall...Ch. 2.4 - Hypertension and Heart Disease. People often wait...Ch. 2.4 - Smartphones are mobile phones with Internet,...Ch. 2.4 - Store Managers Time Study. The Northwest regional...Ch. 2 - SAT Scores. The SAT is a standardized test used by...Ch. 2 - Median Household Incomes. The file MedianHousehold...Ch. 2 - State Populations. Data showing the population by...Ch. 2 - Startup Company Funds. According to the Wall...Ch. 2 - Complaints Reported to BBB. Consumer complaints...Ch. 2 - Stock Price Volatility. The term “beta” refers to...Ch. 2 - Education Level and Household Income. The U.S....Ch. 2 - Prob. 51SE Ch. 2 - Best Places to Work. Fortune magazine publishes an...Ch. 2 - Prob. 53SE Ch. 2 - Prob. 54SE Ch. 2 - Prob. 55SE Ch. 2 - Prob. 56SE Ch. 2 - Google has changed its strategy with regard to...Ch. 2 - A zoo has categorized its visitors into three...Ch. 2 - Pelican Stores, a division of National Clothing,...Ch. 2 - Motion Picture Industry The motion picture...Ch. 2 - Cincinnati, Ohio, also known as the Queen City,...Ch. 2 - Jon Weideman, first shift foreman for Cut-Rate...

Knowledge Booster

$Statistics$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.