Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Create a frequency table for classes of MPG, including frequency and relative frequency for the cars in the sample. Calculate the mean Days in Inventory

Create a frequency table for classes of MPG, including frequency and relative frequency for the cars in the sample.

Calculate the mean Days in Inventory for the cars in the sample. Also, do the following: Compare the mean to the median and the mode. Highlight the value that would be a better representation of the "typical" price of a car in inventory.

Sample Car #

Color

MPG

Suggest Retail Price

Option Package

Days in Inventory

1

Grey

27.6

$ 24,390.00

LX

1

2

Grey

32.4

$ 21,780.00

Touring

10

3

Blue

33.2

$ 21,149.00

Touring

28

4

Black

34.7

$ 22,069.00

LX

21

5

Blue

27.2

$ 22,532.00

Touring

16

6

Blue

26.6

$ 20,345.00

Touring

22

7

Red

37.3

$ 22,112.00

EX

12

8

Silver

34.9

$ 21,289.00

Touring

23

9

Silver

29.6

$ 24,871.00

LX

15

10

Silver

32.3

$ 25,389.00

EX

8

11

Grey

31.9

$ 25,998.00

EX

28

12

Red

26.4

$ 19,713.00

LX

55

13

Black

34.8

$ 25,213.00

EX

2

14

Silver

35.9

$ 24,467.00

Touring

33

15

Black

34.6

$ 21,402.00

LX

17

16

Black

33.3

$ 20,351.00

LX

14

17

Grey

33.1

$ 23,732.00

Touring

1

18

Red

37.5

$ 24,558.00

Touring

2

19

Red

27.8

$ 19,167.00

LX

18

20

Red

36.1

$ 19,903.00

Touring

22

21

Blue

28.8

$ 22,140.00

Touring

19

22

Red

26.2

$ 22,180.00

EX

41

23

Silver

27.4

$ 23,120.00

Touring

33

24

Black

34.9

$ 19,837.00

Touring

21

25

Red

36.5

$ 24,666.00

EX

31

26

Red

26.3

$ 19,446.00

EX

35

27

Blue

31.4

$ 23,954.00

Touring

11

28

Blue

30.9

$ 21,201.00

LX

3

29

Red

27.4

$ 21,346.00

EX

26

30

Red

36

$ 19,406.00

EX

31

Step by Step Solution

3.48 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

I have created frequency table for MPG including relative frequency Her... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Document Format ( 2 attachments)

PDF file Icon
609b0a8acd7f5_31261.pdf

180 KBs PDF File

Word file Icon
609b0a8acd7f5_31261.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Reasoning for Everyday Life

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

4th edition

978-0321817747, 321817745, 978-0321890139, 321890132, 321817621, 978-0321817624

More Books

Students also viewed these Mathematics questions