Question: The 50 companies percentages of revenues spent on R&D are repeated in Table 2.6. We have previously shown (see Figure 2.21) that the mean and

The 50 companies’ percentages of revenues spent on R&D are repeated in Table 2.6. We have previously shown (see Figure 2.21) that the mean and standard deviation of these data (rounded) are 8.49 and 1.98, respectively. Calculate the fraction of these measurements that lie within the intervals x̄ ±  s, x̄ ± 2s, and x̄ ± 3s and compare the results with those predicted by Rules 2.1 and 2.2. Table 2.6 R&D Percentages for 50 Companies 13.5 7.2 9.7 11.3 8.0 9.5 7.1 7.5 5.6 7.4 8.2 9.0 7.2 10.1 10.5

Data from figure 2.21Descriptive statistics (Quantitative data): Statistic Nbr. of observations Minimum Maximum Range 1st Quartile

Table 2.6 R&D Percentages for 50 Companies 13.5 7.2 9.7 11.3 8.0 9.5 7.1 7.5 5.6 7.4 8.2 9.0 7.2 10.1 10.5 6.5 9.9 5.9 8.0 7.8 8.4 8.2 6.6 8.5 7.9 8.1 13.2 11.1 11.7 6.5 6.9 9.2 8.8 7.1 6.9 7.5 6.9 5.2 7.7 6.5 10.5 9.6 10.6 9.4 6.8 13.5 7.7 8.2 6.0 9.5

Step by Step Solution

3.44 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

We first form the interval A check of the measurements reveals ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Statistics For Business And Economics Questions!