BA 2300 First Exam Chapters 1 - 3-

Question 12 3 pts Michael, Inc., a manufacturer of electric guitars, is a small firm with 50 employees. The table below shows the hourly wage distribution of the employees. B b. 0 emplovees has hourly wages of at least $18. Hourly Wages (In Dollars) Number of Employees i | 10 1399 8 | 14-1799 12 18-2199 20 22-25.99 10 How many employees receive hourly wages of at least $18? What percentage of the employees has hourly wages of at least $182 What percentage of the employees has hourly wages of less than $147 employees receive hourly wages of at least $18 percent of percent of employees has hourly wages of less than $14. Question 13 An issue of Fortune Magazine reported the following companies had the lowest sales per employee among the Fortune 500 companies. Company Sales per Employee ($ thousands) Seagate Technology 4220 SSMC 42.19 Russell 4199 Maxxam 40.88 Dibrell Brothers 22.56 Sales Rank 285 414 480 470 a. How many elements are in the above data set? b. How many variables are in the above data set? . How many observations are in the above data set? d. Name the scale of measurement for each of the variables & Name the variables and indicate whether they are categorical or quantitative. a. There are elements in the above data set 1, There are variables in the above data set Forty shoppers were asked if they preferred the weight of a can of soup to be 6 ounces, 8 ounces, or 10 ounces. Below are their responses. 6 6 6 10 8 8 106 | 10 10 8 8 6 6 6 8 6 6 i 8 8 8 1011l s 6 10 3 6 8 8 10 10 8 10 8 6 i a. Construct a frequency distribution and graphically represent the frequency distribution. Construct a relative frequency distribution and graphically represent the relative frequency distribution. ' WRITE THIS ON A SEPARATE SHEET OF PAPER AND UPLOAD IT AFTER YOU SUBMIT YOUR | EXAM. YOU WILL UPLOAD IT IN THE FOLDER "Upload your First Exam Notes" in Canvas in the exam zection of CANVAS. Be sure to label it 714 Edit View Insert Format Tools Table 2pt~ Pamgaphy | B I U A~ 2 v T The hourly wages of a sample of eight indivi_duals 18 given below. For the above sample, determine the following measures: b Individual | A B G H Mean Standard deviation Hourly Wage (S} g 25 20 10 Meet - tpc-~hwi-eels O ourses/213447/quizzes/517018/take Question 36 5 pts Paul, a freshman at a local college, just completed 15 credit hours. His grade report is presented below. Course Credit Hours Grade Calculus C Biology A English D Music B P.E A The local university uses a 4-point grading system, i.e., A - 4. B - 3, C - 2, D = 1, F = 0. Compute Paul's semester grade point average Question 37 Lots Q Search zm WMeet - tpo--hal-eel X rses/213447/quizzes/517018/take Question 37 1 pts Suppose the mean GMAT score is 550 with a standard deviation of 100. Hayden takes the GMAT and is told his z-score is 2.5. Interpret the meaning of a z-score in this context. Edit View Insert Format Tools Table 12pt v Paragraph B I U A v Q v Ty : O words Q Search ZmFor the above sample, determine ; measures: a Mean b, Standard deviation 2)th percentile 2l The Mean equals : b The Standard Deviation equals ||| c.The 35th percentile equals| courses/213447/quizzes/517018/take SSMC 42.19 414 Russell 41.99 180 Maxxam 40.88 485 Dibrell Brothers 22.56 $70 a. How many elements are in the above data set? b. How many variables are in the above data set? C. How many observations are in the above data set? d. Name the scale of measurement for each of the variables. e. Name the variables and indicate whether they are categorical or quantitative. a. There are elements in the above data set. b. There are variables in the above data set. c. There are observations in the above data set. d. Sales per Employee is and Sales Rank is e. Sales per Employee is and Sales Rank is Q Search zm hp