Exercise 30 reported on a survey of senior year students at M.I.T. who intended to enter the

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Exercise 30 reported on a survey of senior year students at M.I.T. who intended to enter the workforce immediately after graduation. Suppose the “number of job offers” relative frequency distribution looked like this:

Number of Offers x               Proportion of Students p(x)

0……………………………………………..            .080

1……………………………………………..            .288

2……………………………………………..            .367

3……………………………………………..            .122

4……………………………………………..            .081

5……………………………………………..            .054

6……………………………………………..            .008

a. Use the relative frequency table to compute the mean number of job offers for the students in the survey.

b. Determine the median number of job offers.

c. Compute the variance and the standard deviation of the job offers data.

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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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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