Test bank and solution of business statistics ch02 statics key (2)

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Test bank and solution of business statistics ch02 statics key (2)

SM_Ch2.pdfChap_02.pdfChapter 02 - Descriptive Statistics: Tabular and Graphical MethodCHAPTER 2—Descriptive Statistics: Tabular and Graphical Methods

Test bank and solution of business statistics ch02 statics key (2) and Descriptive Analytics§2.1 Concepts2.1Constructing either a frequency or a relative frequency distribution helps identify and quantify patterns th

at are not apparent in the raw data.L002-012.2Relative frequency of any category is calculated by dividing its frequency by the total number of observ Test bank and solution of business statistics ch02 statics key (2)

ations. Percent frequency is calculated by multiplying relative frequency by 100.L002-0123 Answers and examples will vary.L002-01§2.1 Methods and Appl

Test bank and solution of business statistics ch02 statics key (2)

icationsL002-0144958Copyright c 2016 McGraw-Hill Education. All right* reserved. No reproduction Off distribution without the poor written consent of

SM_Ch2.pdfChap_02.pdfChapter 02 - Descriptive Statistics: Tabular and Graphical MethodCHAPTER 2—Descriptive Statistics: Tabular and Graphical Methods

Test bank and solution of business statistics ch02 statics key (2)25o) • 360 degrees - 36 degreesibr response (b)Pie Chart of Question Response FrequencyL002-012.6 a. Relative frequency for product A' IS 1 - (0.15 +

0.36 + 0.28) - 0.21b. Frequency- relative frequency • N. For w. this is 0.15 * 500 = 75So we have I productw------X--------Ỹ--------z------frequency 7 Test bank and solution of business statistics ch02 statics key (2)

5 105ISO140Percent Frequency Bar Chart for Product Preference<1. Degrees for w would be 0.15 • 360 - 54: for X: 75.6: for Y: 129.6; for 7: 100.8.Ĩ 002

Test bank and solution of business statistics ch02 statics key (2)

-01PRODUCT44959Copyright c 2016 McGraw-Hill Education. All rights referred. No reproduction IX distribution without the poor written consent of McGraw

SM_Ch2.pdfChap_02.pdfChapter 02 - Descriptive Statistics: Tabular and Graphical MethodCHAPTER 2—Descriptive Statistics: Tabular and Graphical Methods