A researcher with A. C. Nielsen wanted to determine the number of televisions in households. He conducts
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A researcher with A. C. Nielsen wanted to determine the number of televisions in households. He conducts a survey of 40 randomly selected households and obtains the following data.
(a) Are these data discrete or continuous? Explain.
(b) Construct a frequency distribution of the data.
(c) Construct a relative frequency distribution of the data.
(d) What percentage of households in the survey have 3 televisions?
(e) What percentage of households in the survey have 4 or more televisions?
(f ) Construct a frequency histogram of the data.
(g) Construct a relative frequency histogram of the data.
(h) Describe the shape of the distribution.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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