Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Income Household Amount ($1000s) Size Charged ($) 54 3 4,016 30 2 3,159 32 4 5,100 50 5 4,742 31 2 1,864 55 2 4,070

Income Household Amount ($1000s) Size Charged ($) 54 3 4,016 30 2 3,159 32 4 5,100 50 5 4,742 31 2 1,864 55 2 4,070 37 1 2,731 40 2 3,348 66 4 4,764 51 3 4,110 25 3 4,208 48 4 4,219 27 1 2,477 33 2 2,514 65 3 4,214 63 4 4,965 42 6 4,412 21 2 2,448 44 1 2,995 37 5 4,171 62 6 5,678 21 3 3,623 55 7 5,301 42 2 3,020 41 7 4,828 54 6 5,573 30 1 2,583 48 2 3,866 34 5 3,586 67 4 5,037 50 2 3,605 67 5 5,345 55 6 5,370 52 2 3,890 62 3 4,705 64 2 4,157 22 3 3,579 29 4 3,890 39 2 2,972 35 1 3,121 39 4 4,183 54 23 27 26 61 30 22 46 66 3 6 2 7 2 2 4 5 4 3,730 4,127 2,921 4,603 4,273 3,067 3,074 4,820 5,149 Project Consumer Research Inc. p.631 1-Use methods of descriptive statistics to summarize the data. Your answer should include the followings: a. Relative frequency distribution for Income, Household size and amount charged. b. Histogram for Income, Household size and amount charged. c. Crosstabulation between amount charged and income. d. Scatter diagram between amount charged and income. e. Compute means, medians and 25th percentile for amount charged and income. f. Compute variance standard deviation, coefficient of variation and correlation coefficient for amount charged and income. g. Identification and interpretation of five-number summaries for income and amount charged. Write one page report to comment on the findings. Only print the results. Due Date: Wednesday October 4 * The case problem on p.631 has 5 different parts. At this stage you only answer question 1 parts a through g. * Excel File for this case is also posted

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

College Algebra Graphs and Models

Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna

5th edition

321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405

More Books

Students also viewed these Mathematics questions

Question

\f\f

Answered: 1 week ago