a. b. An insurance company gathered data on a representative sample of 98 policies that have...
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a. b. An insurance company gathered data on a representative sample of 98 policies that have been in force for the past 5 years. The company measured the profit gained on each policy (in dollars) during this timeframe, and displayed the data on a histogram. Summary statistics are also provided below. What is the population for this study? Identify the five-number summary. Column n Mean What percent of companies have profit above $8000? 3.57% d. How many companies have profit between $0 to $2000? Frequency 50+ 30 20 Std. dev. Std. Median Range IQR err. Profit 98 2562.1 2683.1 271.0 1645.3 12239.1 3059.5 10 Interpret the histogram (shape, center, variation, outliers). -2000 0 2000 4000 6000 8000 10000 12000 Prof a. b. An insurance company gathered data on a representative sample of 98 policies that have been in force for the past 5 years. The company measured the profit gained on each policy (in dollars) during this timeframe, and displayed the data on a histogram. Summary statistics are also provided below. What is the population for this study? Identify the five-number summary. Column n Mean What percent of companies have profit above $8000? 3.57% d. How many companies have profit between $0 to $2000? Frequency 50+ 30 20 Std. dev. Std. Median Range IQR err. Profit 98 2562.1 2683.1 271.0 1645.3 12239.1 3059.5 10 Interpret the histogram (shape, center, variation, outliers). -2000 0 2000 4000 6000 8000 10000 12000 Prof
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a The population for this study is all policies that have been in force for the past 5 years in the ... View the full answer
Related Book For
Accounting Information Systems
ISBN: 9780132871938
11th Edition
Authors: George H. Bodnar, William S. Hopwood
Posted Date:
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