Are you more likely to be satised with your automobile purchase when it is new or used?
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Are you more likely to be satisï¬ed with your automobile purchase when it is new or used? The following data represent the level of satisfaction of the buyer for both new and used cars.
(a) How many were extremely satisï¬ed with their automobile purchase?
(b) Construct a relative frequency marginal distribution.
(c) What proportion of consumers was extremely satisï¬ed with their automobile purchase?
(d) Construct a conditional distribution of satisfaction by purchase type (new or used).
(e) Draw a bar graph of the conditional distribution found in part (d).
(f ) Do you think that the purchase type (new versus used) is associated with satisfaction?
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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