26 up to 30 85 70 = 15 15/100 = 0.15 0.70 + 0.15 = 0.85 – 30 up to 34 96 85 = 11 11/100 = 0.11 0.85 + 0.11 = 0.96 – 34 up to 38 100 96 = 4 4/100 = 0.04 0.96 + 0.04 = 1 – Total = 100 Total = 1 Fifteen guests were at least 26 but less than 30 years old; 25% of the guests were at least 22 but less than 26 years old; 96% of the guests were younger than 34 years old; 4% were 34 years or older. The histogram shows a positively skewed data set reflecting the relatively young age of the nightclub’s guests. No. The distribution is not symmetric. It is positively skewed. Forty-four percent of the states had median household income between $45,000 and $55,000. percent of the states had median household income between $35,000 and $55,000. Draw a vertical line through Income of 50. It intercepts with the ogive at the point of about 0.5. Thus, about 50% of the states had median household income less than $50,000. Draw a vertical line through Income of 60. It intercepts with the ogive at the point of about 0.85. Thus, about 85% of the states had median household income less than $60,000. It is equivalent that about 15% of the states had median household of more than $60,000. No. The distribution is not symmetric. It is positively skewed. The minimum monthly stock price is approximately $50 and the maximum stock price is approximately $450.
26 up to 30 85 – 70 = 15 15/100 = 0.15 0.70 + 0.15 = 0.85 30 up to 34 96 – 85 = 11 11/100 = 0.11 0.85 + 0.11 = 0.96 34 up to 38 100 – 96 = 4 4/100 = 0.04 0.96 + 0.04 = 1 Total = 100 Total = 1 Fifteen guests were at least 26 but less than 30 years old; 25% of the guests were at least 22 but less than 26 years old; 96% of the guests were younger than 34 years old; 4% were 34 years or older. The histogram shows a positively skewed data set reflecting the relatively young age of the nightclub’s guests. No. The distribution is not symmetric. It is positively skewed. Forty-four percent of the states had median household income between $45,000 and $55,000. percent of the states had median household income between $35,000 and $55,000. Draw a vertical line through Income of 50. It intercepts with the ogive at the point of about 0.5. Thus, about 50% of the states had median household income less than $50,000. Draw a vertical line through Income of 60. It intercepts with the ogive at the point of about 0.85. Thus, about 85% of the states had median household income less than $60,000. It is equivalent that about 15% of the states had median household of more than $60,000. No. The distribution is not symmetric. It is positively skewed. The minimum monthly stock price is approximately $50 and the maximum stock price is approximately $450.
Solution-Manual-for-Essentials-of-Business-Statistics-Communicating-with-Numbers-1st-Edition-by-Jaggia.docx