Question
Price Age Miles 13590 6 61485 13775 6 54344 22991 1 8246 15303 4 24856 16388 3 22100 16600 3 23702 16987 4 47401 18489
| Price | Age | Miles |
| 13590 | 6 | 61485 |
| 13775 | 6 | 54344 |
| 22991 | 1 | 8246 |
| 15303 | 4 | 24856 |
| 16388 | 3 | 22100 |
| 16600 | 3 | 23702 |
| 16987 | 4 | 47401 |
| 18489 | 2 | 16888 |
| 18859 | 3 | 35380 |
| 19857 | 3 | 29634 |
| 11877 | 9 | 55792 |
| 14989 | 3 | 46183 |
| 15900 | 3 | 37009 |
| 16500 | 4 | 45521 |
| 9440 | 9 | 86902 |
| 12988 | 5 | 77241 |
| 15777 | 6 | 59647 |
| 10490 | 9 | 93241 |
| 8938 | 10 | 48221 |
| 11988 | 8 | 42408 |
Convert mileage into a categorical variable, Mileage Category, by assigning all cars with less than 50,000 miles to the Low Mileage category and the rest to High Mileage category. How many cars are in the high mileage category?
***Please Show Work in Excel, Not Just The Answer***
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
