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Statistics
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Basic Business Statistics Study Set 3
Exam 2: Organizing and Visualizing Variables
Path 4
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Question 1
True/False
Given below is the scatter plot of the market value (thousands$)and profit (thousands$)of 50 U.S.companies.Higher market values appear to be associated with higher profits.
Question 2
Short Answer
SCENARIO 2-7 The Stem-and-Leaf display below contains data on the number of months between the date a civil suit is filed and when the case is actually adjudicated for 50 cases heard in superior court.
-Referring to Scenario 2-7,if a frequency distribution with equal sized classes was made from this data,and the first class was "10 but less than 20," the relative frequency of the third class would be_____ .
Question 3
Multiple Choice
SCENARIO 2-5 The following are the duration in minutes of a sample of long-distance phone calls made within the continental United States reported by one long-distance carrier.
-Referring to Scenario 2-5,what is the width of each class?
Question 4
True/False
Apple Computer,Inc.collected information on the age of their customers.Suppose the youngest customer was 12 and the oldest was 72.To study the percentage of their customers who are below a certain age,it can use an ogive.