AACSB: Analytic Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-03 Summarize quantitative data by forming frequency distributions. Topic: Summarizing Quantitative Data 61. The following table shows the number of payroll jobs the government added during the years its added jobs (since 1973). The jobs are in thousands. Approximately what percent of the time did the government add 200,000 or more jobs? Sum the frequency of the intervals 200 up to 300, 300 up to 400, and so on, and divide by the total of 26: (8 + 7 + 5 + 1)/26 = 21/26 0.81 or 81%. ≈ Distractors: Wrong answers include jobs added for other categories. AACSB: Analytic Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-03 Summarize quantitative data by forming frequency distributions. Topic: Summarizing Quantitative Data 62. Exhibit 2-11. The accompanying relative frequency distribution represents the last year car sales for the sales force at Kelly's Mega Used Car Center. Refer to Exhibit 2-11. If Kelly's employs 100 salespeople, how many of these salespeople have sold at least 35 but less than 45 cars in the last year? 0.07(100) = 7 employees AACSB: Analytic Blooms: Apply Difficulty: 1 Easy Learning Objective: 02-04 Plot and interpret histograms; polygons; and ogives. Topic: Summarizing Quantitative Data
AACSB: Analytic Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-03 Summarize quantitative data by forming frequency distributions. Topic: Summarizing Quantitative Data 61. The following table shows the number of payroll jobs the government added during the years its added jobs (since 1973). The jobs are in thousands. Approximately what percent of the time did the government add 200,000 or more jobs? Sum the frequency of the intervals 200 up to 300, 300 up to 400, and so on, and divide by the total of 26: (8 + 7 + 5 + 1)/26 = 21/26 ≈ 0.81 or 81%. Distractors: Wrong answers include jobs added for other categories. AACSB: Analytic Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-03 Summarize quantitative data by forming frequency distributions. Topic: Summarizing Quantitative Data 62. Exhibit 2-11. The accompanying relative frequency distribution represents the last year car sales for the sales force at Kelly's Mega Used Car Center. Refer to Exhibit 2-11. If Kelly's employs 100 salespeople, how many of these salespeople have sold at least 35 but less than 45 cars in the last year? 0.07(100) = 7 employees AACSB: Analytic Blooms: Apply Difficulty: 1 Easy Learning Objective: 02-04 Plot and interpret histograms; polygons; and ogives. Topic: Summarizing Quantitative Data
Test-Bank-for-Business-Statistics-Communicating-with-Numbers-1st-Edition-by-Jaggia.docx