A chain of sport shops catering to beginning skiers, headquartered in Aspen, Colorado, plans to conduct a

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A chain of sport shops catering to beginning skiers, headquartered in Aspen, Colorado, plans to conduct a study of how much a beginning skier spends on his or her initial purchase of equipment and supplies. Based on these figures, it wants to explore the possibility of offering combinations, such as a pair of boots and a pair of skis, to induce customers to buy more. A sample of 44 cash register receipts revealed these initial purchases:

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a. Arrive at a suggested class interval.
b. Organize the data into a frequency distribution using a lower limit of $70.
c. Interpret yourfindings.
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Statistical Techniques In Business And Economics

ISBN: 356

16th Edition

Authors: Douglas Lind, William Marchal

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