A automobile marketing firm conducts a study to see what types of cars people owned before buying an American car.The results are shown below. \[\begin{array} { | c | c | } \hline \text { Previous Ownership } & \text { Frequency } \\ \hline \text { American } & 760 \\ \hline \text { Japanese } & 375 \\ \hline \text { Korean } & 72 \\ \hline \text { German } & 37 \\ \hline \text { Other } & 24 \\ \hline \text { Total } & \mathbf { 1 2 6 8 } \\ \hline \end{array}\] The relative frequency of those who owned Japanese cars previously who now bought American cars is

A) 59.9 % B) 29.6% C) 5.7% D) 14.9% E) 2.9% A) 59.9 % B) 29.6% C) 5.7% D) 14.9% E) 2.9% B

The following table shows representative recent closing share prices for a small sample of companies based in India in January 2019. \[\begin{array} { | l | c | } \hline \text { COMPANY } & \text { CLOSING SHARE PRICE } \\ \hline \text { 20 Microns } & 42.00 \\ \hline \text { Kuantum Papers } & 467.95 \\ \hline \text { Bank of MA } & 14.65 \\ \hline \text { Photoquip } & 35.65 \\ \hline \text { Saksoft } & 284.35 \\ \hline \text { Marg LTD } & 15.10 \\ \hline \text { Galaxy ENT } & 29.15 \\ \hline \text { Sonatasoft } & 305.00 \\ \hline \text { EDynamics } & 0.67 \\ \hline \text { DB Corp. } & 179.00 \\ \hline \end{array}\] The standard deviation in closing share prices is

A) $163.5. B) $25.8. C) $136.6. D) $62.7. E) $267.6. A) $163.5. B) $25.8. C) $136.6. D) $62.7. E) $267.6.

Consider the five number summary of hourly wages ($) for a sample of advertising / promotion managers. \[\begin{array} { | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \\ \hline 19.64 & 29.36 & 34.18 & 40.86 & 57.26 \\ \hline \end{array}\] Suppose there had been an error and that the lowest hourly wage was $15.50 instead of $19)64.This would result in

A) an increase in the median. B) an increase in the standard deviation. C) a decrease in the range. D) a decrease in the IQR. E) an increase in the mean. A) an increase in the median. B) an increase in the standard deviation. C) a decrease in the range. D) a decrease in the IQR. E) an increase in the mean.

Consider the five number summary of hourly wages ($) for a sample of sales managers. \[\begin{array} { | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \\ \hline 20.94 & 37.64 & 44.77 & 49.34 & 67.11 \\ \hline \end{array}\] The range for these data is

A) $11.70 B) $46.17 C) $67.11 D) $20.94 E) $44.77 A) $11.70 B) $46.17 C) $67.11 D) $20.94 E) $44.77

Consider the five number summary of hourly wages ($) for a sample of sales managers. \[\begin{array} { | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \\ \hline 20.94 & 37.64 & 44.77 & 49.34 & 67.11 \\ \hline \end{array}\] The IQR for these data is

A) $11.70 B) $46.17 C) $67.11 D) $20.94 A) $11.70 B) $46.17 C) $67.11 D) $20.94

Here is the five number summary for salaries of U.S.marketing managers. The IQR is \[\begin{array} { | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } \\ \hline 46360 & 69693 & 77020 & 91750 & 129420 \\ \hline \end{array}\]

A) $83,060. B) $22.057. C) $69,693. D) $77.020. E) $14,566. A) $83,060. B) $22.057. C) $69,693. D) $77.020. E) $14,566.

The following table shows representative recent closing share prices for a small sample of companies based in India in January 2019. \[\begin{array} { | l | c | } \hline \text { COMPANY } & \text { CLOSING SHARE PRICE } \\ \hline \text { 20 Microns } & 42.00 \\ \hline \text { Kuantum Papers } & 467.95 \\ \hline \text { Bank of MA } & 14.65 \\ \hline \text { Photoquip } & 35.65 \\ \hline \text { Saksoft } & 284.35 \\ \hline \text { Marg LTD } & 15.10 \\ \hline \text { Galaxy ENT } & 29.15 \\ \hline \text { Sonatasoft } & 305.00 \\ \hline \text { EDynamics } & 0.67 \\ \hline \text { DB Corp. } & 179.00 \\ \hline \end{array}\] The mean closing share prices is

A) $12.78 B) $ 137.35 C) $ 38.83 D) $ 284.35 E) $ 163.50 A) $12.78 B) $ 137.35 C) $ 38.83 D) $ 284.35 E) $ 163.50

Exam 2: Displaying and Describing Data

A restaurant uses comment cards to get feedback from its customers about newly added items to the menu.It recently introduced homemade organic veggie burgers.Customers who tried The new burger were asked if they would order it again.The data are summarized in the table Below.What percentage of customers would most likely or definitely order the veggie burger Again?

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(Multiple Choice)

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Question 1

Correct Answer:

Verified

E

A clothing store uses comment cards to get feedback from its customers about newly added items.It recently introduced plus size fashion wear.Customers who purchased the items Were asked to fill out an online comment survey giving 10% off the next purchase.The data Are summarized in the table below.What percentage of customers were at least satisfied with The item(s) purchased (Satisfied or Very satisfied)? Response Frequency Very satisfied. 15 Satisfied. 30 Less than fully satisfied. 12 Not satisfied. 4

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(Multiple Choice)

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Question 2

Correct Answer:

Verified

B

A automobile marketing firm conducts a study to see what types of cars people owned before buying an American car.The results are shown below. Previous Ownership Frequency American 760 Japanese 375 Korean 72 German 37 Other 24 Total The relative frequency of those who owned Japanese cars previously who now bought American cars is

Free

(Multiple Choice)

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(36)

Question 3

Correct Answer:

Verified

B

Consider the five number summary of hourly wages ($) for a sample of sales managers. Suppose the mean hourly wage is $38.50.What can we say about the shape of the Distribution? Min Q1 Median Q3 Max 20.94 37.64 44.77 49.34 67.11

(Multiple Choice)

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Question 4

A restaurant uses comment cards to get feedback from its customers about newly added items to the menu.It recently introduced homemade organic veggie burgers.Customers who tried The new burger were asked if they would order it again.The data are summarized in the table Below.What percentage of customers would definitely order the veggie burger again? Response Frequency Definitely would. 10 Most likely would. 40 Maybe 12 Definitely would not. 3

(Multiple Choice)

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(38)

Question 5

The following table shows representative recent closing share prices for a small sample of companies based in India in January 2019. COMPANY CLOSING SHARE PRICE 20 Microns 42.00 Kuantum Papers 467.95 Bank of MA 14.65 Photoquip 35.65 Saksoft 284.35 Marg LTD 15.10 Galaxy ENT 29.15 Sonatasoft 305.00 EDynamics 0.67 DB Corp. 179.00 The standard deviation in closing share prices is

(Multiple Choice)

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(33)

Question 6

Consider the five number summary of hourly wages ($) for a sample of advertising / promotion managers. Min Q1 Median Q3 Max 19.64 29.36 34.18 40.86 57.26 Suppose there had been an error and that the lowest hourly wage was $15.50 instead of $19)64.This would result in

(Multiple Choice)

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Question 7

Consider the five number summary of hourly wages ($) for a sample of sales managers. Min Q1 Median Q3 Max 20.94 37.64 44.77 49.34 67.11 The range for these data is

(Multiple Choice)

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(40)

Question 8

The following table shows data for total assets ($ billion) for a small sample of U.S.banks (4th quarter 2018). The mean for the total assets data ($ billion) is

(Multiple Choice)

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Question 9

Consider the five number summary of hourly wages ($) for a sample of sales managers. Min Q1 Median Q3 Max 20.94 37.64 44.77 49.34 67.11 The IQR for these data is

(Multiple Choice)

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Question 10

Below is a histogram of salaries (in $) for a sample of U.S.marketing managers. The shape of this distribution is

(Multiple Choice)

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Question 11

A clothing store uses comment cards to get feedback from its customers about newly added items.It recently introduced plus size fashion wear.Customers who purchased the items Were asked to fill out an online comment survey giving 10% off the next purchase.The data Are summarized in the table below.What percentage of customers were less than fully Satisfied?

(Multiple Choice)

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Question 12

The following table shows total assets ($ billion) for a small sample of U.S.banks in the 4th quarter of 2018. The standard deviation for these data is

(Multiple Choice)

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Question 13

Below is a histogram of salaries (in $) for a sample of U.S.marketing managers. The most appropriate measure of central tendency for these data is the

(Multiple Choice)

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Question 14

Here is the five number summary for salaries of U.S.marketing managers. The IQR is Min Q1 Median Q3 Max 46360 69693 77020 91750 129420

(Multiple Choice)

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(37)

Question 15

The following table shows representative recent closing share prices for a small sample of companies based in India in January 2019. COMPANY CLOSING SHARE PRICE 20 Microns 42.00 Kuantum Papers 467.95 Bank of MA 14.65 Photoquip 35.65 Saksoft 284.35 Marg LTD 15.10 Galaxy ENT 29.15 Sonatasoft 305.00 EDynamics 0.67 DB Corp. 179.00 The mean closing share prices is

(Multiple Choice)

4.8/5

(37)

Question 16

Consider the five number summary of hourly wages ($) for a sample of sales managers. Suppose the mean hourly wage is $38.50.What can we say about the shape of the Distribution? Min Q1 Median Q3 Max 20.94 37.64 44.77 49.34 67.11

Consider the five number summary of hourly wages ($) for a sample of advertising / promotion managers. Min Q1 Median Q3 Max 19.64 29.36 34.18 40.86 57.26 Suppose there had been an error and that the lowest hourly wage was $15.50 instead of $19)64.This would result in

Consider the five number summary of hourly wages ($) for a sample of sales managers. Min Q1 Median Q3 Max 20.94 37.64 44.77 49.34 67.11 The range for these data is

The following table shows data for total assets ($ billion) for a small sample of U.S.banks (4th quarter 2018). The mean for the total assets data ($ billion) is

Consider the five number summary of hourly wages ($) for a sample of sales managers. Min Q1 Median Q3 Max 20.94 37.64 44.77 49.34 67.11 The IQR for these data is

Below is a histogram of salaries (in $) for a sample of U.S.marketing managers. The shape of this distribution is

The following table shows total assets ($ billion) for a small sample of U.S.banks in the 4th quarter of 2018. The standard deviation for these data is

Below is a histogram of salaries (in $) for a sample of U.S.marketing managers. The most appropriate measure of central tendency for these data is the

Here is the five number summary for salaries of U.S.marketing managers. The IQR is Min Q1 Median Q3 Max 46360 69693 77020 91750 129420

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