In an issue of National Mortgage News, a special report was published on publicly traded mortgage industry
Question:
a. Obtain a normal probability plot of the data.
b. Use part (a) to identify any outliers.
c. Use part (a) to assess the normality of the variable under consideration.
Transcribed Image Text:
260 20,800 1,801 2,073 3.596 3.223 2,128 1,796 17.540 15 29.272 6,929 2.468 7,000 6,600 2.458 3,216 209726 9,200 650 4,800 19.400 24,886 3.082
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
a Using Minitab enter the data in a column named EMPLOYEES Select Graph Probability ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
A Knight-Ridder News Service article in an issue of the Wichita Eagle discussed a study on the relationship between country music and suicide. The results of the study, coauthored by S. Stack and J....
-
In an issue of Newsweek (Vol. CXLV, No. 20, pp. 4857), B. Kantrowitz listed The 100 best high schools in America according to a ranking devised by J. Mathews. Another characteristic measured from the...
-
In an issue of Science (Vol.308, No. 5721, p. 483), D. Normile reported on a study from the Japan Statistics Bureau of the 30 industrialized countries in the Organization for Economic Co-operation...
-
The light bulbs produced by Edison Lighting Corporation last an average of 300 h. The life of the light bulbs is believed to follow a normal distribution with a standard deviation of 10. A customer...
-
What are the two main balance sheet formats? Explain both formats.
-
A pipeline has been proposed to transport a coal slurry 1200 miles from Wyoming to Texas, at a rate of 50 million tons/year, through a 36 in. diameter pipeline. The coal slurry has the properties of...
-
The frequency distribution shows volumes of sales (in dollars) and the number of months in which a sales representative reached each sales level during the past three years. Using this sales pattern,...
-
Naranjo Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $260,000, and budgeted direct labor hours were 20,000. The average wage rate for direct labor...
-
Westgaard Incorporated uses a job-order costing system and its total manufacturing overhead applied always equals its total manufacturing overhead. In March, the company completed job G87M that...
-
At a major French food retailer, the own-price elasticities of the demand for various brands of pasta were: 1 . 36 for national brands, 2 . 16 for private labels, and 1 . 85 for lowprice brands. At...
-
According to the AAA Daily Fuel Gauge Report, the national average price for regular unleaded gasoline on January 29, 2009, was $1.843. That same day, a random sample of 12 gas stations across the...
-
The area under a density curve that lies to the left of 60 is 0.364. What percentage of all possible observations of the variable are a. Less than 60? b. At least 60?
-
Assume that General Mills Canada, famous for Cheerios, Chex snacks, and Yoplait yogurt, completed the following selected transactions: 2013 Nov. 30 Sold goods to Sobeys Inc., receiving a $50,000,...
-
Viva Golds investment opportunity has an NPV of $20.3 million and an IRR of 22%. From those two facts alone, what can you conclude about Vivas cost of capital?
-
Walmart is the worlds largest company by revenue and is the worlds top retailer with more than 2.3 million employees. In the United States, Walmart operates more than 5,300 stores, including about...
-
In 1998, Daimler-Benz bought 100% of Chrysler Corp. for $36 billion. In 2007, DaimlerChrysler announced it was selling 80.1% percent of Chrysler to the private-equity firm Cerberus Capital Management...
-
Can you think of situations where someone might violate the code of ethics in a company but should not be punished for it? Give examples.
-
Which of the three quantitative forecasting methods do you think would give you the most accurate forecast? Explain your choice.
-
You are the executive assistant to Stephane Solden, a particularly hard-driving and successful owner of a chain of restaurants. Not long ago, Solden and you were flying to another city, and the...
-
Information graphics, also called infographics, are wildly popular, especially in online environments. Why do you think infographics continue to receive so much attention? How could infographics be...
-
Who ate the M&s? The following table gives the color counts and net weight (in grams) for a sample of 30 bags of M&Ms. The advertised net weight is 47.9 grams per bag. There is something about one...
-
The number of points scored during each game by a high school basketball team last season was as follows: 56, 54, 61, 71, 46, 61, 55, 68, 60, 66, 54, 61, 52, 36, 64, 51. Construct a dotplot of these...
-
For a normal (or bell-shaped) distribution, find the percentile rank that corresponds to: a. z = 2 b. z = - 1 c. Sketch the normal curve, showing the relationship between the z-score and the...
-
Q5 Financial maths Initial investment: E 25,000 Year 1 return: 8,000 Year 2 return: E 15,000 Year 3 return: E Year 4 return: E 10,000 5,000 (i) Enter appropriate formulae in the shaded cells in the...
-
The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: Units to be produced 1st Quarter 10,000 2nd Quarter 7,500 3rd...
-
Annswer the following questions: [10 marks] A. Define two of the main advantages of explicit architecture. B. Compare between (1) Model-View-Controller (MVC), (1) Layered architecture pattern. The...
Study smarter with the SolutionInn App