A marketing study of 800 adults in the 18 34 age group reported the following information:

Question:

A marketing study of 800 adults in the 18– 34 age group reported the following information:
• Spent less than $ 100 but more than $ 0 on children’s clothing per year: 50 responses
• Sspent $ 100–$ 499.99 on children’s clothing per year: 275 responses
• Spent $ 500–$ 999.99 on children’s clothing per year: 175 responses
• Spent nothing: the remainder

Develop a spreadsheet to estimate the sample mean and sample standard deviation of spending on children’s clothing for this age group using formulas (4.14) and (4.16).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: