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A TV manufacturer has just developed a way of presenting shows in three dimensions (3D). Before they bring the product to market they wan to
A TV manufacturer has just developed a way of presenting shows in three dimensions (3D). Before they bring the product to market they wan to find out how much people would be willing to pay for a TV with 3D capability. To find out they randomly sampled a group of TV viewers and had them watch episodes of their favorite shows in the new 3D format. They then asked each participant to check off the largest amount they would be willing to pay for a 3D TV. Possible prices ranged from $200 to $5,000 dollars in $10 increments. The data are presented below. For your convenience the data have been rank ordered. 1340., 1070., 1350., 1370., 1420., 1470., 1550., 1570., 1600., 1620., 1680., 1710., 1750., 1750., 1760., 1770., 1780., 1780., 1790., 1790., 1810., 1820., 1830., 1840., 1840., 1840., 1850., 1850., 1850., 1860., 1890., 1900., 1940., 1940., 1950., 1960., 1960., 1970., 1970., 1970., 1990., 1990. , 2010. , 2020. , 2030. , 2030., 2030., 2040., 2050., 2050., 2060., 2070., 2070., 2080., 2080. , 2090., 2090., 2090., 2110., 2110., 2110., 2120., 2130., 2140., 2150., 2150., 2180., 2180. , 2190., 2200., 2200. , 2200., 2200. , 2200., 2240. , 2270. , 2280. , 2280. , 2290., 2300., 2310., 2320., 2330., 2350., 2370. , 2370., 2380., 2380., 2400., 2410., 2420., 2450., 2450. , 2470., 2470., 2490., 2490., 2500., 2500., 2510., 2510., 2510., 2550., 2590., 2670., 2740., 2740., 2790., 2940., 2970., 3010.} The total number of measures is 111. In constructing the histogram use 9 categories. . Specify the measurement precision of the data
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