By Leonard Kazmier, Kazmier

ISBN-10: 0071410805

ISBN-13: 9780071410809

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Additional info for Schaum's Outline of Business Statistics, 4th Edition

Sample text

1, the weighted mean correctly describes the overall average. 4 S(wX) $3,033,000 ¼ ¼ 5:2% Sw $58,000,000 THE MEDIAN The median of a group of items is the value of the middle item when all the items in the group are arranged in either ascending or descending order, in terms of value. For a group with an even number of items, the median is assumed to be midway between the two values adjacent to the middle. When a large number of values is contained in the group, the following formula to determine the position of the median in the ordered group is useful: Med ¼ X[(n=2) þ (1=2)] (3:4) 46 DESCRIBING BUSINESS DATA: MEASURES OF LOCATION [CHAP.

5) For Title enter: Pie Chart from Minitab. Click OK. 40 STATISTICAL PRESENTATIONS AND GRAPHICAL DISPLAYS [CHAP. 2 Fig. 2-37 Pie chart from Minitab. 38. 18 is a frequency distribution for the gasoline mileage obtained for 25 sampled trips for company-owned vehicles. (a) What are the lower and upper stated limits of the last class? (b) What are the lower and upper exact limits of the last class? (c) What class interval is used? (d) What is the midpoint of the last class? 9 for a particular trip.

C) What class interval is used? (d) What is the midpoint of the last class? 9 for a particular trip. Indicate the lower and upper limits of the class in which this result was included. Ans. 9. 39. 18. 40. 18. 41. 40 from the standpoint of skewness. Ans. The frequency curve appears to be somewhat positively skewed. CHAP. 42. 18 and prepare an ogive to present this distribution graphically. 43. 19 presents the amounts of 40 personal loans used to finance appliance and furniture purchases. Suppose we wish to arrange the loan amounts in a frequency distribution with a total of seven classes.

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Schaum's Outline of Business Statistics, 4th Edition by Leonard Kazmier, Kazmier

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