The accompanying data contains three variables and six observations. a. Bin the values of x 1 into
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The accompanying data contains three variables and six observations.
a. Bin the values of x1 into two equal-size groups. Label the groups with numbers 1 (lower values) and 2 (higher values). What is the average value of x1 for group 1?
b. Bin the values of x2 into three equal interval groups. Label the groups with numbers 1 (lowest values) to 3 (highest values). How many observations are assigned to group 1?
c. Bin the values of x3 into the following two groups: ≤ 50 and > 50. Label the groups with numbers 1 (lower values) and 2 (higher values). How many observations are assigned to group 2?
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Related Book For
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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