Questions from Business Statistics

Q: A survey of 613 representative people within your current area indicates that

A survey of 613 representative people within your current area indicates that they plan to spend a total of $2,135 on your products next year. You are considering expansion to a new city with 2.1 mill...

Q: Using the data from Table 3.8.2 in Chapter

Using the data from Table 3.8.2 in Chapter 3, find the average and median to summarize the typical size of the market response to stock buyback announcements. Table3.8.2:

Q: Your marketing research team has identified four distinct groups of people (

Your marketing research team has identified four distinct groups of people (Type A, B, C, and D, where D represents “all others”) according to personality traits. You figure that market penetration fo...

Q: A large outdoor recreational facility has three entrances. According to automatic

A large outdoor recreational facility has three entrances. According to automatic vehicle counters, last year 11,976 vehicles entered at the first entrance, 24,205 at the second, and 7,474 at the thir...

Q: A social group shows only movies of 100 min or less at

A social group shows only movies of 100 min or less at its meetings. Consider the running times of selected films from a video library as shown in Table 4.3.10. a. What percentage of these movies can...

Q: Given the state taxes and populations for the East North Central States

Given the state taxes and populations for the East North Central States, as shown in Table4.3.4, compute the percapita state tax burden for this entire region.17 Table4.3.4:

Q: Find the upper quartile for the following box plot.

Find the upper quartile for the following box plot.

Q: A mail-order sales company sent its new catalog initially to

A mail-order sales company sent its new catalog initially to a representative sample of 10,000 people from its mailing list and received orders totaling $36,851. a. Find the average dollar amount orde...

Q: Your factory’s inventory level was measured 12 times last year, with

Your factory’s inventory level was measured 12 times last year, with the results shown below. Find the average inventory level during the year. 313, 891, 153, 387, 584, 162, 742, 684, 277, 271, 285,...

Q: For the age numbers: a. Construct a histogram.

For the age numbers: a. Construct a histogram. b. Describe the shape of the distribution. c. Summarize the distribution in general terms.