Question
A popular U.S. automobile manufacturer has 10,000 dealerships located throughout the country. The automobile manufacturer has multiple brands within its portfolio: a value brand that
A popular U.S. automobile manufacturer has 10,000 dealerships located throughout the country. The automobile manufacturer has multiple brands within its portfolio: a value brand that caters to younger clientele, a moderate brand that caters to middle class customers and finally, a premium brand which is marketed to wealthy clientele. The company's leadership, located at corporate headquarters, is very interested in the relationship between the median salary of potential customers and the company's revenue. Specifically, the company is concerned that if potential customers' salaries continue to not increase in the future, the company's revenue will remain stagnant, which will in turn steer away potential investors and shareholders. The company's research department recently collected data for analysis in order to support leadership's upcoming discussion with shareholders and investors about the company's future revenue forecast. Sales figures from a random sample of 1000 dealerships were collected. The research division also conducted statistical analysis, using data provided by the Bureau of Labor and Statistics, to calculate the median salary of people living in the vicinity of these 1,000 dealerships.
Using the histogram of the Median Salary data. From your visual analysis, describe the shape and center of the distribution. Select the correct choice below and fill in the answer box to complete the choice.
Create a histogram of the Median Salary data. From your visual analysis, describe the shape and center of the distribution. Select the correct choice below and fill in the answer box to complete your choice. (Type a whole number.) O A. The distribution is left-skewed with the typical Median Salary around $ O B. The distribution is bimodal with the typical Median Salary around $ O C. The distribution is roughly symmetric and roughly unimodal with the typical Median Salary around $ O D. The distribution is right-skewed with the typical Median Salary around $Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started