Solve on paper
Question-1: Explain the relevance of data and Statistics with modern business, why should a modern manager be equipped with statistical tools in your personal view?
Question-2: Discuss sampling by detailing keynotes, how can it be useful for achieving business objectives?
Question-3: Data showing the population by state in millions of people follow (The World Almanac, 2012)
a. Develop a frequency distribution, a percent frequency distribution, and a histogram. Use a class width of 2.5 million.
b. Does there appear to be any skewness in the distribution? Explain.
c. What observations can you make about the population of the 50 states?
FIGURE 1.8 FEDERAL SPENDING 1.0 3.5 Federal Spending ($ trillions) 0.5 - 2004 2005 2006 2007 2008 2009 2010 YearDividend Dividend Company Yield % Company Yield % 3M 3.6 IBM 2.1 Alcoa 1.3 Intel 3.4 American Express 29 J.P. Morgan Chase 0.5 AT&T 6.6 & Johnson Bank of America 0.4 Kraft Foods 4.4 Boeing 3.8 Mcdonald's 3.4 Caterpillar 4.7 Merck 5.5 Chevron 3.9 Microsoft 2.5 Cisco Systems 0.0 Pfizer 4.2 Coca-Cola 3.3 Procter & Gamble 3.4 DuPont 5.8 Travelers 3.0 ExxonMobil 2.4 United Technologies 2.9 General Electric 92 Verizon 6.3 Hewlett-packard 0.9 Wal-Mart Stores 2 .2 Home Depot 3.9 Walt Disney 1.5Population State Population State State Population 1 1.5 Alabama 4.8 Louisiana 4. Ohio 1.3 Oklahoma 3.8 Alaska 0.7 Maine 5.8 Oregon 43 Arizona 64 Maryland 65 Pennsylvania 27 Arkansa 2.9 Massachusetts 10 California 373 Michigan Rhode Island Minnesota 53 Colorado South Carolina 46 0.8 Connecticu 36 Mississippi 30 South Dakota Delaware Missouri 6.0 Tennessee 6.3 18.8 Montana 09 Texas 25.1 Florida Georgia 97 Nebraska 1.8 Utah 128 14 Nevada 0.6 Hawaii Vermont 1.6 New Hampshire 1.3 Virginia 8.0 Idaho Illinois 12.8 New Jersey 8.8 Washington 6.7 19 Indiana 6.5 New Mexico 2.0 West Virginia Iowa 3.0 New York 94 Wisconsin 57 Kansas 2.9 North Carolina 05 Wyoming 0.6 4 3 North Dakota 07 KentuckyCountry Great United | Level of Support Britain Italy Spain Germany States Total Strongly favor 337 334 510 222 214 1617 Favor more than oppose 370 408 355 411 327 1871 Oppose more than favor 250 188 155 267 275 1135 Strongly oppose 130 115 89 211 204 749 Total 1087 1045 1109 1111 1020% Campus Endowment Applicants NCAA School State Setting (S billions) Admitted Division Amherst College Massachusetts Town: Fringe 1.7 18 III Duke North Carolina City: Midsize 59 21 -A Harvard University Massachusetts City: Midsize 4.6 I-AA Swarthmore College Pennsylvania Suburb: Large 14 18 III University of Pennsylvania Pennsylvania City: Large 6.6 18 I-AA Williams College Massachusetts Town: Fringe 1.9 18 III Yale University Connecticut City: Midsize 22 5 0 I-AACars in Service (1000s) 2007 2008 2009 2010 Company 327 311 286 290 Hertz 167 140 106 108 Dollar 220 300 Avis 204 270FIGURE 1.9 NUMBER OF RECREATIONAL BOATING ACCIDENTS 1200 1100 1000 900 800 700 600 500 400 300 200 100 OL san Ma AP May All gep NOV Dec MonthTABLE 1.8 DATA SET FOR 25 SHADOW STOCKS Gross Market Price/ Profit Ticker Cap Earnings Margin Company Exchange Symbol ($ millions) Ratio (%) De Wolfe Companies AMEX DWL 36.4 8.4 36.7 North Coast Energ NCEB $2.5 62 59.3 Hansen Natural Corp. OTC HANS 41.1 44.8 NYSE HZO 111.5 72 238 MarineMax, Inc. Nanometrics Incorporated OTC NANO 228.6 38.0 53.3 TeamStaff, Inc. OTC TSTF 92. 1 33.5 4.1 Environmental Tectonics AMEX ETC 51 .1 35 .8 35.9 Measurement Specialties AMEX MSS 01.8 26.8 37.6 NYSE SEN 193.4 18 .7 23.6 SEMCO Energy, Inc. OTC is 9 Party City Corporation PCTY 36.4 Embrex, Inc. OTC EMBX 136.5 59.5 Tech/Ops Sevcon, Inc. AMEX TO 23.2 20.7 35.7 OTC ARCAF 173.4 8.8 96 ARCADIS NV Qiao Xing Universal Tele. OTO XING 64.3 22.1 30 8 97 Energy West Incorporated OTC FWST 29.1 16.3 Barnwell Industries, Inc. AMEX BRN 27.3 7.4 73.4 Innodata Corporation OTC INOD 66.1 11.0 29.6 Medical Action Industries OTC MDCI 137.1 26.9 30.6 Instrumentarium Corp. OTC INMRY 240.9 3.6 52.1 Petroleum Developmen OTC PETD 95.9 19.4 Drexler Technology Corp. OTC DRXR 233.6 45.6 53.6 Gerber Childrenswear Inc. NYSE GCW 126 .9 7.9 25.8 Gaiam, Inc. OTC GAIA 295.5 68.2 60.7 Artesian Resources Corp. OTC ARTNA 62.8 20.5 45.5 York Water Company OTC YORW 92.2 22.9 74.2City Highway Car Size Cylinders MPG MPG Fuel Audi A8 Large 12 13 19 Premium BMW 328Xi Compact 17 25 Premium Cadillac CTS Midsize 16 25 Regular Chrysler 300 Large 13 18 Premium Ford Focus Compact 24 33 Regular Hyundai Elantra Midsize 25 33 Regular Jeep Grand Cherokee Midsize 17 26 Diesel Pontiac G6 Compact 22 Regular Toyota Camry Midsize 31 Regular Volkswagen Jetta Compact 29 Regular
