30.05.2014 Views

Chapter 2: Graphs, Charts, and Tables--Describing Your Data

Chapter 2: Graphs, Charts, and Tables--Describing Your Data

Chapter 2: Graphs, Charts, and Tables--Describing Your Data

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

54 CHAPTER 2 • GRAPHS, CHARTS, AND TABLES—DESCRIBING YOUR DATA<br />

2-7. The following cumulative relative frequency distribution<br />

summarizes data obtained in a study of the<br />

ending overages (in dollars) for the cash register<br />

balance at a business:<br />

Cumulative<br />

Relative Relative<br />

Class Frequency Frequency Frequency<br />

−60.00 – −40.00 2 0.04 0.04<br />

−40.00 – −20.00 2 0.04 0.08<br />

−20.00 – 00.00 8 0.16 0.24<br />

00.00 – 20.00 16 0.32 0.56<br />

20.00 – 40.00 20 0.40 0.96<br />

40.00 – 60.00 2 0.04 1.00<br />

a. Determine the proportion of the days in which<br />

there were no shortages<br />

b. Determine the proportion of the days the cash<br />

register was less than $20 off.<br />

c. Determine the proportion of the days in which<br />

the cash register was less than $40 over or at<br />

most $20 short.<br />

2-8. You are given the following data:<br />

6 10 6 4 9 5<br />

5 5 5 7 6 2<br />

5 5 5 4 5 7<br />

6 7 8 6 8 4<br />

7 5 5 5 5 7<br />

8 7 6 7 5 4<br />

6 4 4 7 4 6<br />

6 7 8 6 7 6<br />

7 8 5 6 5 7<br />

3 6 4 7 4 4<br />

a. Construct a frequency distribution for these<br />

data.<br />

b. Based on the frequency distribution, develop a<br />

histogram.<br />

c. Construct a relative frequency distribution.<br />

d. Develop a relative frequency histogram.<br />

e. Compare the two histograms. Why do they look<br />

alike?<br />

2-9. Using the data from Problem 2-8,<br />

a. Construct a grouped data relative frequency<br />

distribution of the data. Use the 2 k n guideline<br />

to determine the number of classes.<br />

b. Construct a cumulative frequency distribution<br />

of the data.<br />

c. Construct a relative frequency histogram.<br />

d. Construct an ogive.<br />

Business Applications<br />

2-10. Wendy’s is one of the largest fast-food chains in<br />

the world. Recently, the district manager for<br />

Wendy’s in Las Vegas conducted a study in which<br />

she selected a r<strong>and</strong>om sample of sales receipts.<br />

She was interested in the number of line items on<br />

the receipts. For instance, if a customer ordered<br />

two 1 / 4 -pound hamburgers, one side of fries, <strong>and</strong><br />

two soft drinks, the number of line items would be<br />

five. The following data were observed:<br />

7 5 7 6 5 5 4 8 6 5<br />

8 7 6 5 6 2 9 4 4 5<br />

8 4 9 6 6 5 8 9 9 1<br />

6 5 10 6 7 6 5 5 5 6<br />

8 7 6 8 6 6 9 6 12 7<br />

5 6 7 11 4 4 3 4 1 4<br />

11 2 5 5 8 2 3 4 9 6<br />

6 5 8 6 3 6 4 5 8 10<br />

a. Develop a frequency distribution for these data.<br />

Discuss briefly what the frequency distribution<br />

tells you about these sample data.<br />

b. Based on the results in part a, construct a frequency<br />

histogram for these sample data.<br />

2-11. In a survey conducted by NFO Interactive,<br />

investors were asked to rate how knowledgeable<br />

they felt they were as investors. Both online <strong>and</strong><br />

traditional investors were included in the survey.<br />

The survey resulted in the following data:<br />

Of the online investors, 8%, 55%, <strong>and</strong> 37%<br />

responded they were “savvy,” “experienced,”<br />

<strong>and</strong> “novice,” respectively.<br />

Of the traditional investors, the percentages<br />

were 4, 29, <strong>and</strong> 67, respectively.<br />

Six hundred investors were surveyed, of which 200<br />

were traditional investors.<br />

a. Use the information to construct a joint frequency<br />

distribution.<br />

b. Use the information to construct a joint relative<br />

frequency distribution.<br />

c. Determine the proportion of investors who<br />

were both online investors <strong>and</strong> rated themselves<br />

experienced.<br />

d. Calculate the proportion of investors who were<br />

online investors.<br />

2-12. KXGH Television, Channel 7, is the NBC affiliate<br />

in a mid-size southeastern city. Recently, the station’s<br />

sales manager surveyed 20 advertisers <strong>and</strong><br />

asked each one to rate the service of the station on<br />

the following scale:<br />

VERY GOOD GOOD FAIR POOR VERY POOR<br />

1 2 3 4 5

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!