Question
Franchise # U.S. Locations, 2011 Hampton Inns 1,864 ampm 3,183 McDonald's 32,805 7-Eleven Inc. 37,496 Supercuts 2,130 Days Inn 1,877 Vanguard Cleaning Systems 2,155 Servpro
Franchise # U.S. Locations, 2011
Hampton Inns 1,864
ampm 3,183
McDonald's 32,805
7-Eleven Inc. 37,496
Supercuts 2,130
Days Inn 1,877
Vanguard Cleaning Systems 2,155
Servpro 1,572
Subway 34,871
Denny's Inc. 1,668
Jan-Pro Franchising Intl. Inc. 12,394
Hardee's 1,901
Pizza Hut Inc. 13,281
Kumon Math & Reading Centers 25,199
Dunkin Donuts 9,947
KFC Corp. 16,224
Jazzercise Inc. 7,683
Anytime Fitness 1,618
Matco Tools 1,431
Stratus Building Solutions 5,018
Entrepreneure magazine ranks franchises using performace measures such as growth rate, number of locatins, sartup costs, and financial stability. The numbers of loations in the US for the top 20 US franchise are shown on the left.
1) What type is the variable "# of locations"?
2) How many elements are the data collected for?
3) How many observatios in the data?
4) The maximum number of locations in the data
5) The minimum number of locations in the data
6) Construct a frequency distribution using the classes specified below (the upper limit should be included and the lower limit not) (Keep two decimals for the relative frequencies)
# of locations Frequency Relative Frequency Cumulative Frequency
0 up to 5000
5000 up to 10000
10000 up to 15000
15000 up to 20000
20000 up to 25000
25000 up to 30000
30000 up to 35000
35000 up to 40000
Total
7) Insert a histogram to visualize the frequency distribution Please add appropriate titles for the chart, the x axis and the y axis. The total row should not be in the chart.
8) Insert a frequency polygon below Please add appropriate titles for the chart, the x axis and the y axis. The total row should not be in the chart.
9) Insert a cumulative frequency polygon below
(use the table, graphs, or numberical measures for the following questions:)
10) What percentage of franchises have no more than 10,000 locations?
11) What is the shape of the distribution?
12) What is the average # of locations?
13) Half of the franchises have less than how many locations? (use median, percentile, quartile, the table or cumulative frequency polygon)
14) Standard deviation= (Hint, is this a popuation or a sample?, you use corresponding function to get your answer)
15) About 30% of data are less than what number? (use percentile, the table or cumulative frequency polygon)
16) About 75% of data are less than what number? (use qurtile, percentile, the table or cumulative frequency polygon)
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