a. Using measures of central tendency including the mean, median, and mode, describe annual food spending and
Question:
a. Using measures of central tendency including the mean, median, and mode, describe annual food spending and annual household income for the 200 households in the Consumer Food database. Compare the two results by determining approximately.
b. What percentage of annual household income is spend on food?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
a Annual Food Spending Using both Minitab and Excel the mean annual spending on food is 8966 and the median is 8932 There are four modal values 9093 8...View the full answer
Answered By
Abigael martinez
I have been a tutor for over 3 years and have had the opportunity to work with students of all ages and backgrounds. I have a strong belief that all students have the ability to learn and succeed if given the right tools and support. I am patient and adaptable, and I take the time to get to know each student's individual learning style in order to best support their needs. I am confident in my ability to help students improve their grades and reach their academic goals.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1119320890
9th edition
Authors: Ken Black
Question Posted:
Students also viewed these Mathematics questions
-
To find the 10% trimmed mean of a data set, order the data, delete the lowest 10% of the entries and the highest 10% of the entries, and find the mean of the remaining entries. (a) Find the 10%...
-
Clinical observations suggest that specifically language-impaired (SLI) children have great difficulty with the proper use of pronouns. This phenomenon was investigated and reported in the Journal of...
-
Calculate appropriate measures of central tendency and variability for the incomes of customers in the survey of drugstore customers, first discussed in Chapter 2, and comment.
-
Suppose that a typical taxpayer has a marginal personal income tax rate of 35 percent. The nominal interest rate is 13 percent, and the expected inflation rate is 8 percent. a. What is the real...
-
A jogger runs on the track shown in FIGURE 2-30. Neglecting the curvature of the corners, (a) What are the distance traveled and the displacement in running from point A to point B? (b) Find the...
-
The following is selected information for Alatorre Company. 1. Alatorre purchased a patent from Vania Co. for $1,000,000 on January 1, 2018. The patent is being amortized over its remaining legal...
-
Show that when two identical detectors in an intensity interferometer have read noise with the same variance \(\sigma_{\text {read }}^{2}\) and when the average intensities incident on the two...
-
Diversified Investor Group is opening an office in Boise. Fixed monthly costs are office rent ($8,100), depreciation on office furniture ($1,600), utilities ($2,500), special telephone lines...
-
If i have two samples of concrete that have the same mix proportions, but different absorptions of sand (1.8% for sample A and 2.8% for sample B), theoretically which sample of concrete will have...
-
Slater & Gordon (S&G) became the worlds first listed law firm in 2007. The company is headquartered in Melbourne, where it was founded in 1935, by William Slater and Hugh Gordon....
-
1. In several countries of Africa, a common size for a Coke can is 340 milliliters (mL). Because of the variability of bottling machinery, it is likely that every 340-mL bottle of Coca-Cola does not...
-
Using the Financial database, study earnings per share for Type 2 and Type 7 companies (chemical and petrochemical) using statistics. Compute a coefficient of variation for both Type 2 and Type 7....
-
The following situations relate to Bolivia Company. 1. Bolivia provides a warranty with all its products it sells. It estimates that it will sell 1,000,000 units of its product for the year ended...
-
Draw ROC and PR curve based on the table. index class 1 T 2 T 3 N 4 T 5 T 6 7 8 9 10 score index class score 0.95 N 0.45 0.85 0.40 0.80 0.38 0.67 0.35 0.65 0.33 0.60 0.30 N 0.58 0.28 0.54 0.27 0.52...
-
Pablo S.A is a manufacturer of children's shoes, located in Spain. It owns 51% of the voting stock of Stabfoot. A specialty shoe manufacturer located in Belgium Pablo acquired its interest in...
-
During June, Danby Company's material purchases amounted to 8,610 pounds at a price of $5.1 the production of 2,050 units were as follows: Direct labor: Direct material: $44,880 ($10.20 per hour)...
-
You have decided to evaluate the following bonds to include in your portfolio: Bond 3 7/15/2020 9/15/2050 Settlement Date Maturity Date Frequency Face Value Coupon Rate Required Return Bond 1 Bond 2...
-
Digna Dy Masapawan, a Certified Management Accountant started her own business on December 1, 2023 after acquiring the necessary expertise from different international entities in the field of...
-
Find a 95% confidence interval for the difference in the means of populations C and D. Refer to the data with analysis shown in the following computer output: Level N Mean StDev A 86.833 5.231 76.167...
-
Suppose that a flow network G = (V, E) violates the assumption that the network contains a path s t for all vertices V. Let u be a vertex for which there is no path s u t. Show that there must...
-
For the following data, construct a frequency distribution with sixclasses. 50 4318 31 42 52 29 18 28 57 23 35 26 5 47 29 21 46 43 29 23 39 50 41 19 36 28 46 33 28 20
-
For each class interval of the frequency distribution given, determine the class midpoint, the relative frequency, and the cumulative frequency. Class Interval Frequency 20under 25 ......... 17...
-
Construct a histogram, a frequency polygon, and an ogive for the following frequency distribution. Class Interval Frequency 50under 60 ............13 60under 70 ............27 70under 80...
-
1) Explain how a Preschool program can help to bring a sense of belonging for the child? 2) It is important for a program to provide physical environments that are age-appropriate and that support...
-
Your company decided to organize a special dinner to appreciate all the employees and it has been proposed that the dinner to be held in the middle of December 2021. You have been appointed as the...
-
Select a two-dimensional image to analyze that is either a work of art (photograph, illustration, or painting) or an advertisement. What is the FTC analysis?Use the FTC palette to break down the...
Study smarter with the SolutionInn App