The accompanying data set contains three variables, x 1 , x 2 , and x 3 .

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The accompanying data set contains three variables, x1, x2, and x3.
a. Bin the values of x1 into three equal-size groups. Label the groups with numbers 1 (lowest values) to 3 (highest values). How many observations are assigned to group 1?
b. Bin the values of x2 into three equal-interval groups. Label the groups with numbers 1 (lowest values) to 3 (highest values). How many observations are assigned to group 2?
c. Bin the values of x3 into the following three groups: < 50,000, between 50,000 and 100,000, and > 100,000. Label the groups with numbers 1 (lowest values) to 3 (highest values). How many observations are assigned to group 1?

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Related Book For  answer-question

Business Analytics Communicating With Numbers

ISBN: 9781260785005

1st Edition

Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen

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