Problem: In the 2015 survey of Fortune 500 companies, CEOs were interviewed and theiropinions about several issues were recorded.Two of the issues tackled aremanaging private vs public company and outlook for the next five years.Of those surveyed,85%believe thatitiseasier tomanage theircompanyifitwereprivate.Inanother question, 90% of CEOs believe that the next five years will be better thanthe previous five years.Of those who are pessimistic about the next five years intheircompany,50%actually wishthattheyaremanagingaprivate company.

Question

1. -Of the380participantsinthe survey,howmanydoNOTbelieve thatitiseasier tomanagetheircompany ifit wereprivate?
2. WhatistheprobabilitythataCEOchosenatrandombelieves thatitiseasiertomanageaprivate companyandispessimisticabout thenextfiveyears?
3. Whatistheprobabilitya CEOchosenatrandom isoptimisticonthenextfiveyearsorthathe/shebelieves thatitiseasiertomanageaprivatecompany?

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Question. Onefactorthat stronglypredictspopulationgrowthisinfant mortality,whichisrelated toqualityofhealthcare.Quality ofhealthcareisrelatedtourbanization:urban areas offer better quality healthcare than rural areas. Economic development isassociated with urbanization, lower infant mortality, and lower population growthrates.

The table below lists data about infant mortality rates from The World Fact bookpublishedbytheCIA.Thefirst50countrieswith the highestinfantmortalityratesare included. The Philippines, a relatively underdeveloped country, in this listranks99out of224 countries.

Rank	Country	Deaths/1,000Live Births
1	Afghanistan	119.41
2	Mali	106.49
3	Somalia	101.91
4	CentralAfricanRepublic	95.04
5	Guinea-Bissau	92.66
6	Chad	91.94

7	Niger	87.98
8	Angola	81.75
9	BurkinaFaso	78.30
10	Malawi	76.98
11	SierraLeone	74.95
12	Congo,DemocraticRepublicof	74.87
13	Mozambique	74.63
14	EquatorialGuinea	73.12
15	Nigeria	72.97
16	Congo,Republicofthe	72.45
17	Liberia	70.93
18	SouthSudan	69.97
19	Zambia	68.58
20	Gambia,The	67.63
21	Comoros	67.12
22	Uganda	62.47
23	Coted'Ivoire	61.66
24	Rwanda	61.03
25	Pakistan	59.35
26	Burundi	58.86
27	Benin	58.54
28	Cameroon	58.51
29	Ethiopia	58.28
30	WesternSahara	57.50
31	Mauritania	57.48
32	Swaziland	57.19
33	Guinea	57.11

34	Laos	56.13
35	Sudan	54.23
36	Senegal	53.93
37	Cambodia	52.70
38	Lesotho	51.93
39	Yemen	51.93
40	Djibouti	51.77
41	Haiti	50.92
42	SaoTomeandPrincipe	50.48
43	Togo	48.28
44	Gabon	48.02
45	Bangladesh	47.30
46	Burma	46.31
47	Madagascar	46.13
48	Namibia	45.62
49	Tanzania	45.10
50	India	44.60

1. Constructafrequencydistributionforthedatasetusingappropriatenumberofclass intervals.

Computeforgroupeddata:

1. Mean
2. Median

What in this case is a better measure of central tendencymean or median?Why?

1. Mode

What in this case is a better measure of central tendencymean or mode?Why?

1. Standarddeviation

Computeforungroupeddata:

1. Mean
2. Median
3. Mode

(show solution)