Consider the profits of health care companies in the Fortune 500, as shown in Table 4.3.3. a.
Question:
a. Draw a histogram of this data set, and briefly describe the shape of the distribution.
b. Find the profit of the average firm.
c. Find the median profit level.
d. Compare the average and median; in particular, which is larger? Is this what you would expect for a distribution with this shape?
e. Draw the cumulative distribution function.
f. Your firm has a strategic plan that would increase profits to $200 million. What percentile would this profit level represent, with respect to this data set?
g. Your firm€™s strategic plan indicates that the profit level might actually reach the 60th percentile. What value of profits does this represent?
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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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a Here are two examples of histograms for this data set The distributi...View the full answer
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