A random sample of 50 families reported the dollar amount they had available as a liquid cash reserve The data have been put in the following frequency table (a) Construct a histogram of the measurements (b) Construct a cumulative frequency polygon of the measurements Show the median and quartiles ...

The Answer is in the image, click to view ...

A random sample of 50 families reported the dollar amount they had available as a liquid cash

Question:

A random sample of 50 families reported the dollar amount they had available as a liquid cash reserve. The data have been put in the following frequency table:

image text in transcribed

(a) Construct a histogram of the measurements.

(b) Construct a cumulative frequency polygon of the measurements. Show the median and quartiles.

(c) Calculate the grouped mean for the data.

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

Step by Step Answer:

Related Book For answer-question

Introduction To Bayesian Statistics

ISBN: 9781118091562

3rd Edition

Authors: William M. Bolstad, James M. Curran

See More Books

Question Posted: Mar 26, 2024 04:02 AM

See More Questions

The Whitcomb Company manufactures a metal ring for industrial engines that usually weighs about 50 ounces. A random sample of 50 of these metal rings produced the following weights (in ounces). a....
Identify the process evaluation article that you chose and explain why you selected this example. Describe the purpose of the evaluation, the informants, the questions asked, and the results of the...
The Coca-Cola Company is the number-one seller of soft drinks in the world. Every day an average of more than 1.5 billion servings of Coca-Cola, Diet Coke, Sprite, Fanta, and other products of...
Gandhi Ltd renders a promotional service to small retailing businesses. There are three levels of service: the basic, the standard and the comprehensive. On the basis of past experience, the business...
When is the use of virtual currency unethical? Why?
When we observe interest rates in the financial press, do we see nominal or real rates? Which are more relevant to investors?
True or False: If $\operatorname{IRR}(\mathrm{A})>\operatorname{IRR}(\mathrm{B})$, then $\operatorname{ERR}(\mathrm{A})>\operatorname{ERR}(\mathrm{B})$.
The comparative financial statements of Chattah Inc. are as follows. The market price of Chattah Inc. common stock was $25 on December 31, 2012. Instructions Determine the following measures for...
8. Two dice are rolled. Let A represent rolling a sum greater than 7. Let B represent rolling a sum that is a multiple of 3. Determine n(AB). A. 5 B. 8 C. 12 D. 15 Long Answer: Show all work for the...
In this exercise we see how the default settings in for producing boxplots in Minitab and in $\mathrm{R}$ can be misleading because they do not take the sample size into account. We will generate...
The manager of a government department is concerned about the efciency in which his department serves the public. Speci cally, he is concerned about the delay experienced by members of the public...
Identify and discuss the four most prominent factors in academic literature.
Which statement regarding surveillance is least accurate? 1. Warrants apply to law enforcement only. 2. Audio capture is permitted in circumstances where video surveillance in also collected. 3. Once...
Which of the following is most accurate with regard to Miranda Warnings? 1. A Miranda Warning is only required if the person arrested asks for it. 2. A Miranda Warning is considered a privilege in...
Large fraud perpetrators are more likely to use the money for all of the following except: 1. To purchase new homes 2. To pay for expensive vacations 3. To support extramarital affairs 4. To pay taxes
Of the following list of evidence, which is considered demonstrative? 1. PowerPoint slides 2. Fingerprints 3. Official documents 4. Testimony by a law enforcement officer with extensive use of hand...
Which of the following is not a methodology for the skimming of receivables and its related concealment? 1. Voiding a sale after the customer leaves the premises 2. Accounts receivable write-offs 3....
Can the function = x2 (L - 2x) be used as a trial wave function for the n = 1 state of a particle with mass m in a one-dimensional box of length L? If the answer is yes, then express the energy of...
Do animals have rights? If so, what are they? What duties do human beings have toward animals? Does KFC protect animal welfare at an acceptable level?
The company whishes to distribute $200,000 to its shareholders The company has 30,000 shares of common stock outstanding 1. Assuming the value of the company equals the value of its total assets,...
1. The ask price for stock XYZ is $57.54 on January 1,2017. The bid-ask spread is $0.32. Luka buys 100 shares of XYZ on January 1, 2017 and sells them on July 1, 2018. His broker charges a $30...
The company has just approved their latest balance sheet. The total value of the assets is 100 million . The company has equity of 25 million (25 thousand shares with a par value of 1 thousand )....

A random sample of 50 families reported the dollar amount they had available as a liquid cash

Question:

Boundaries Frequency 17 0 < x 500 500 < x 1 000 15 1000x 2.000 17 2 000 < x 4.000 5 4 000 < x 6.000 3 6 000 < x 10 000 3

Step by Step Answer:

Introduction To Bayesian Statistics

Students also viewed these Business questions