The following cumulative frequency polygon shows the selling price ($000) of houses sold in the Billings, Montana,
Question:
The following cumulative frequency polygon shows the selling price ($000) of houses sold in the Billings, Montana, area.
a. How many homes were studied?
b. What is the class interval?
c. One hundred homes sold for less than what amount?
d. About 75% of the homes sold for less than what amount?
e. Estimate the number of homes in the $150,000 up to $200,000 class.
f. About how many homes sold for less than $225,000?
Transcribed Image Text:
200 100 150 75 100 50 50 25 50 100 150 200 250 300 350 Selling Price ($00) houanbay Percent
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
a 200 b 50 or 50000 ...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
Question Posted:
Students also viewed these Statistics questions
-
The following cumulative frequency polygon shows the hourly wages of a sample of certified welders in the Atlanta, Georgia, area. a. How many welders were studied? b. What is the class interval? c....
-
Consider the following cumulative frequency distribution: Class ..... Cumulative Frequency 15 up to 25 .... 30 25 up to 35 .... 50 35 up to 45 .... 120 45 up to 55 .... 130 a. Construct a frequency...
-
The following frequency polygon represents the cumulative grade point average of a random sample of students at an engineering school. (a) What is the class width? How many classes are represented in...
-
Examples using activity-based costing generally show that traditional costing systems ________ high-volume, less complex products and ________ low-volume, complex products undercost; overcost...
-
Should an insured driver be able to void a settlement with his insurance company because he was unaware of the policy limits at the time that he agreed to the settlement?
-
In Problems 2124, classify the requested angles shown in Figure 7.29, where ,l 1 and ,l 2 are parallel. Figure 7.29 a. ZBAC if m/1 is 30 b. LABC if m/5 is 90
-
How can managers find the best way to do hybrid work and still put people first?
-
When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative preferred stock and 50,000 shares of $20 par common stock. Its earnings...
-
Determine the margin of safety ratio from the following data: Sales 30 per unit Variable Cost 10 per unit (8 production cost, 2 selling and administration cost) Units Sold Fixed Costs 7,500 units...
-
The method by which the massive lintels (top stones) were lifted to the top of the upright stones at Stonehenge has long been debated. One possible method was tested in a small Czech town. A concrete...
-
Ecommerce.com, a large Internet retailer, is studying the lead time (elapsed time between when an order is placed and when it is filled) for a sample of recent orders. The lead times are reported in...
-
The frequency distribution representing the number of frequent flier miles accumulated by employees at Brumley Statistical Consulting Inc. is repeated from Exercise 17. Frequent Flier Miles (000)...
-
Phil Phoenix is paid monthly. For the month of January of the current year, he earned a total of $8,288. The FICA tax rate for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The...
-
Three ABC Ltd generates operating income of sh.4 million each year and pays corporation tax rate at the rate of 30%.The minimum required rate of return on equity in the absence of debt borrowing is...
-
You want to undertake a new project in South Africa, one of the fastest growing countries in Africa, albeit one with lots of problems. The new project will require an initial investment of ZAR (South...
-
Here is my world-changing idea: In order to increase their global wind blade capacity and effectively reduce greenhouse gas emissions while promoting the decarbonization of energy production, the...
-
Gross Inc. signs a five-year licensing agreement with Maiger Company. Gross Inc. will pay Maiger annual installment payments of $10,500 at the beginning of each of the five years. The fair value of...
-
Raymond won a gold medal at the Tokyo Olympics for archery. As a result the US Olympic Committee awarded him $35,000. He also received $200,000 from an endorsement with archery sport company. He will...
-
Use regression analysis to fit a quadratic trend model to the data set. a. What is the estimated regression function? b. Compare the adjusted-R2 value for this model to that of the linear trend...
-
For each of the following reactions, express the equilibrium constant: a) H20 (I) H2 (g) + 02 (g) Ke = 1.0x107 b) Fe2 (g) 2F (g) Ke= 4.9 x 10-21 c) C (s) + O2 (g) d) H2 (g) + C2H4 (g) C2H6 (g) Ke =...
-
The National Basketball Association had 39 black top executives (presidents or vice presidents) among its 388 senior managers. Meanwhile, Major League Baseball had only 11 blacks among its 307 top...
-
The following data resulted from a taste test of chocolate bars with and without almonds. 12 people were randomly selected to rate, on a scale of 0 to 5, with 5 as the highest rating, the taste of...
-
Refer to the Baseball 2010 data, which report information on the 30 Major League Baseball teams for the 2010 season. a. At the .05 significance level, can we conclude that there is a difference in...
-
Wells Technical Institute (WTI) provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid...
-
The function P(x)=0.35x-73 models the relationship between th e number of pretzels x that a certain vendor sells and the profit the vendor makes. Find P(1,000), the profit the vendor makes from...
-
Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores. The company has a standard paraglider model, but also makes custom-designed paragliders. Management...
Study smarter with the SolutionInn App