The State Industrial Development Council is currently working on a financial services brochure to send to out-of-state

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The State Industrial Development Council is currently working on a financial services brochure to send to out-of-state companies. It is hoped that the brochure will be helpful in attracting companies to relocate to your state. You are given the following frequency distribution on banks in your state:
The State Industrial Development Council is currently working on a

a. Does this frequency distribution violate any of the rules of construction for frequency distributions? If so, reconstruct the frequency distribution to remedy this violation.
b. The Council wishes to target companies that would require financial support from banks that have at least $25 million in deposits. Reconstruct the frequency distribution to attract such companies to relocate to your state. Do this by considering different classes that would accomplish such a goal.
c. Reconstruct the frequency distribution to attract companies that require financial support from banks that have between $5 million and $25 million in deposits.
d. Present an eye-catching, two-paragraph summary of what the data would mean to a company that is considering moving to the state. Your boss has said you need to include relative frequencies in this presentation.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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