The Golf Digest 50 lists the 50 professional golfers with the highest total annual income. Total income
Question:
The off-course income of all 50 professional golfers in the Golf Digest 50 can be found on the website that accompanies the text. The income data are in $1000s. Use classes of
0-4999, 5000-9999, 10,000-14,999, and so on to answer the following questions. Include an open-ended class of 50,000 or more as the largest income class.
a. Construct a frequency distribution and percent frequency distribution of the annual off-course income of the 50 professional golfers.
b. Construct a histogram for these data.
c. Comment on the shape of the distribution of off-course income.
d. What is the most frequent off-course income class for the 50 professional golfers? Using your tabular and graphical summaries, what additional observations can you make about the off-course income of these 50 professional golfers?
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams