Continuing with the revenue loss data of Table 3.8.11: 

a. Find the logarithm for each data value. Omit the two firms with zero revenue loss from your answers to this problem. 

b. Construct a histogram for this data set. 

c. Describe the distribution shape. 

d. Compare this analysis of the transformed data to your analysis of the original data in problem 19. 

Transcribed Image Text:

TABLE 3.8.11 Special Exemptions to the 1986 Revision of the IRS Tax Code Estimated Government Estimated Government Revenue Loss ($ millions) Revenue Loss ($ Millions) Firm Firm Paramount Cards New England Patriots Banks of lowa Ireton Coal 18 Ideal Basic Industries Ala-Tenn Resources Goldrus Drilling Metropolitan-First Minnesota Merger 13 Original Appalachian Artworks Texas Air/Eastern Merger 47 Candle Corp. Brunswick 13 61 Liberty Bell Park S.A. Horvitz Testamentary Trust Green Bay Packaging Beneficial Corp 67 Source: Data from "Special Exemptions in the Tax Bill, as Disclosed by the Senate," The New York Times, September 27, 1986, p. 33. These particular firms are grouped under the heading "Transition Rules for Corporate Provisions." Don't you wish you could have qualified for some of these?