Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Vivid art tattoos monroe mi

15/12/2021 Client: muhammad11 Deadline: 2 Day

Chapter Opening Exercise A representative exercise opens the chapter and shows how the chapter content can be applied to a real-world situation.

LEARNING OBJECTIVES When you have completed this chapter, you will be able to:

LO2-1 Summarize qualitative variables with frequency and relative frequency tables.

LO2-2 Display a frequency table using a bar or pie chart.

LO2-3 Summarize quantitative variables with frequency and relative frequency distributions.

LO2-4 Display a frequency distribution using a histogram or frequency polygon.

MERRILL LYNCH recently completed a study of online investment portfolios for a sample of clients. For the 70 participants in the study, organize these data into a frequency distribution. (See Exercise 43 and LO2-3.)

Describing Data: FREQUENCY TABLES, FREQUENCY DISTRIBUTIONS,

AND GRAPHIC PRESENTATION2

Source: © rido/123RF

Lin66360_ch02_018-050.indd 18 1/6/17 4:52 AM

Introduction to the Topic Each chapter starts with a review of the important concepts of the previ- ous chapter and provides a link to the material in the current chapter. This step-by-step approach increases com- prehension by providing continuity across the concepts.

DESCRIBING DATA: FREQUENCY TABLES, FREQUENCY DISTRIBUTIONS, AND GRAPHIC PRESENTATION 19

INTRODUCTION The United States automobile retailing industry is highly competitive. It is dominated by megadealerships that own and operate 50 or more franchises, employ over 10,000 people, and generate several billion dollars in annual sales. Many of the top dealerships

are publicly owned with shares traded on the New York Stock Exchange or NASDAQ. In 2014, the largest megadealership was AutoNation (ticker symbol AN), followed by Penske Auto Group (PAG), Group 1 Automotive, Inc. (ticker symbol GPI), and the privately owned Van Tuyl Group.

These large corporations use statistics and analytics to summarize and analyze data and information to support their decisions. As an ex- ample, we will look at the Applewood Auto group. It owns four dealer- ships and sells a wide range of vehicles. These include the popular Korean brands Kia and Hyundai, BMW and Volvo sedans and luxury SUVs, and a full line of Ford and Chevrolet cars and trucks.

Ms. Kathryn Ball is a member of the senior management team at Applewood Auto Group, which has its corporate offices adjacent to Kane Motors. She is responsible for tracking and analyzing vehicle sales and

the profitability of those vehicles. Kathryn would like to summarize the profit earned on the vehicles sold with tables, charts, and graphs that she would review monthly. She wants to know the profit per vehicle sold, as well as the lowest and highest amount of profit. She is also interested in describing the demographics of the buyers. What are their ages? How many vehicles have they previously purchased from one of the Apple- wood dealerships? What type of vehicle did they purchase?

The Applewood Auto Group operates four dealerships:

• Tionesta Ford Lincoln sells Ford and Lincoln cars and trucks. • Olean Automotive Inc. has the Nissan franchise as well as the General Motors

brands of Chevrolet, Cadillac, and GMC Trucks. • Sheffield Motors Inc. sells Buick, GMC trucks, Hyundai, and Kia. • Kane Motors offers the Chrysler, Dodge, and Jeep line as well as BMW and Volvo.

Every month, Ms. Ball collects data from each of the four dealerships and enters them into an Excel spreadsheet. Last month the Applewood Auto Group sold 180 vehicles at the four dealerships. A copy of the first few observations appears to the left. The variables collected include:

• Age—the age of the buyer at the time of the purchase. • Profit—the amount earned by the dealership on the sale of each

vehicle. • Location—the dealership where the vehicle was purchased. • Vehicle type—SUV, sedan, compact, hybrid, or truck. • Previous—the number of vehicles previously purchased at any of the

four Applewood dealerships by the consumer.

The entire data set is available at the McGraw-Hill website (www.mhhe .com/lind17e) and in Appendix A.4 at the end of the text.

Source: © Justin Sullivan/Getty Images

CONSTRUCTING FREQUENCY TABLES Recall from Chapter 1 that techniques used to describe a set of data are called descrip- tive statistics. Descriptive statistics organize data to show the general pattern of the data, to identify where values tend to concentrate, and to expose extreme or unusual data values. The first technique we discuss is a frequency table.

LO2-1 Summarize qualitative variables with frequency and relative frequency tables.

FREQUENCY TABLE A grouping of qualitative data into mutually exclusive and collectively exhaustive classes showing the number of observations in each class.

Lin66360_ch02_018-050.indd 19 1/6/17 4:52 AM

Example/Solution After important concepts are introduced, a solved example is given. This example provides a how-to illustration and shows a relevant business application that helps students answer the question, “How can I apply this concept?”

DESCRIBING DATA: DISPLAYING AND EXPLORING DATA 95

INTRODUCTION Chapter 2 began our study of descriptive statistics. In order to transform raw or un- grouped data into a meaningful form, we organize the data into a frequency distribution. We present the frequency distribution in graphic form as a histogram or a frequency polygon. This allows us to visualize where the data tend to cluster, the largest and the smallest values, and the general shape of the data.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Instant Homework Helper
Online Assignment Help
Top Academic Guru
Accounting & Finance Specialist
Peter O.
Assignment Hut
Writer Writer Name Offer Chat
Instant Homework Helper

ONLINE

Instant Homework Helper

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$78 Chat With Writer
Online Assignment Help

ONLINE

Online Assignment Help

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$59 Chat With Writer
Top Academic Guru

ONLINE

Top Academic Guru

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$61 Chat With Writer
Accounting & Finance Specialist

ONLINE

Accounting & Finance Specialist

I am an academic and research writer with having an MBA degree in business and finance. I have written many business reports on several topics and am well aware of all academic referencing styles.

$51 Chat With Writer
Peter O.

ONLINE

Peter O.

I have read your project details and I can provide you QUALITY WORK within your given timeline and budget.

$75 Chat With Writer
Assignment Hut

ONLINE

Assignment Hut

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$56 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Boeing 737-300 fuel tank capacity - Aneko company reports the following - Shuko doyle study stack - Walmart in china case study - Colored pencil value scale - Discussion week 8 833 - Beyond change management dean anderson pdf - El pastor linda ronstadt - Racial integration - What is the difference between mechanical digestion and chemical digestion - Master budget managerial accounting - A pink wool knitted dress analysis - Shades of simon gray sparknotes - Information security 1 - Global expansion project - Aladdin bottle fukushima no sake - M fb snaptu com f - What is broadbanding in hrm - Discussion 2 Number 4 - Metal activity and reactivity oxidation and reduction reactions lab answers - Subcutaneous tissue lies underneath the dermis - Subject:  Strategic Decision Making - PPQ - Developing Personas Assignment - Choke from behind krav maga - Rocky mountain corporation makes two types of hiking boots - Report on experience poem summary - Council for exceptional children code of ethics - Tafe teacher classification levels - 350 words min - Please attach the plagiarism report - Discussion-7 MM - Michael glabicki net worth - Discussion - Sunco oil manufactures three types of gasoline - Discussion Response - Palen creek correctional centre - Charles gairdner eye clinic - Illi commercial real estate - Discussion question - Media ethics issues and cases pdf - Math Statistics - 24 volt dc wire size chart - Statistics concepts and controversies 9th edition exercise answers - 978 0 393 92026 0 - 10 100 cb code - As direct competitors, ups and fedex would have ____. - Kitchen renovation project charter - History of cognitive behavioral family therapy - Maximum size shed without planning permission qld - Usa today innovation and evolution in a troubled industry - Bhp port hedland address - French cocked hat highwayman - Information Systems - Operational level agreement definition - Applying social work theories and methods - Log structured file system - Weekly Summary 4 - Pka1 and pka2 of maleic acid - Possible conflict management and negotiation techniques - Things fall apart essay thesis - Introducing comparative politics 3rd edition pdf - Bio eithic 324 case study - Selling in minnesota by barbara ehrenreich summary - Cauti capstone project - Six main processes involved in project integration management - Even though most corporate bonds in the united states make coupon payments semiannually - In another country hemingway analysis - Abbies takeaway pendle hill - International business 11e pdf - Contingency planning guide for federal information systems - Thermodynamics borax lab report - Western gazette yeovil obituaries - Putting autozone into drive case study - Praying mantis life cycle diagram - You can t get lost in cape town sparknotes - Work done by spring - Critical review or analytical review - Hunter united internet banking login - Single phase transformer schematic - Case 4 537 - Five areas of importance for timeliness and maximization of reimbursement - Dofoodsafely health vic gov au - English club word stress - Cloud_computing_week8 - Initiating the Project-1 - A 3 network pro certification practice exam answers - 1000 words 10 hrs - Job aid hrm 326 - Janine antoni's sculpture moor is - Its greek to me foster - Bpf filter cheat sheet - Business model canvas example coffee shop - Two discussions due tomorrow - Online piracy argumentative essay - Saddle stitcher sd 511 - Assessing Client Families - Week seven discussion board reply - Opposites attract and likes repel - Interactive whiteboard games australia - Walden's mission of social change