Forbes magazine published data on the best small firms in 1993. These were firms with annual...
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Forbes magazine published data on the best small firms in 1993. These were firms with annual sales of more than five and less than $350 million. Firms were ranked by five-year average return on investment. The data extracted are the age and annual salary of the chief executive officer for the first 60 ranked firms. Here are t ages of those 60 CEOS. a. Construct the frequency distributions for these data using the following classes. Frequency Relative Frequency Percent Frequency Class 30<x<35 35<x<40 40<x<45 455x<50 50<x<55 555x<60 60<x<65 65<x<70 70<x<75 32 33 36 37 38 44 45 45 45 45 48 48 48 48 49 40 41 43 43 44 46 46 47 47 47 50 50 50 50 50 50 51 51 52 53 53 53 55 55 55 56 56 56 56 57 57 58 58 59 60 61 61 61 62 62 63 64 69 70 74 Sum Cumulative Percent Frequency b. Approximately what percentage of CEOs are 50 years old or greater? Show work. c. Create the absolute frequency Histogram. d. Create the percent frequency ogive e. State whether the mean is greater than, less than, or approximately equal to the median. Explain why. f. Which is a better representative of the typical CEO age, the mean or the median? Explain why. Forbes magazine published data on the best small firms in 1993. These were firms with annual sales of more than five and less than $350 million. Firms were ranked by five-year average return on investment. The data extracted are the age and annual salary of the chief executive officer for the first 60 ranked firms. Here are t ages of those 60 CEOS. a. Construct the frequency distributions for these data using the following classes. Frequency Relative Frequency Percent Frequency Class 30<x<35 35<x<40 40<x<45 455x<50 50<x<55 555x<60 60<x<65 65<x<70 70<x<75 32 33 36 37 38 44 45 45 45 45 48 48 48 48 49 40 41 43 43 44 46 46 47 47 47 50 50 50 50 50 50 51 51 52 53 53 53 55 55 55 56 56 56 56 57 57 58 58 59 60 61 61 61 62 62 63 64 69 70 74 Sum Cumulative Percent Frequency b. Approximately what percentage of CEOs are 50 years old or greater? Show work. c. Create the absolute frequency Histogram. d. Create the percent frequency ogive e. State whether the mean is greater than, less than, or approximately equal to the median. Explain why. f. Which is a better representative of the typical CEO age, the mean or the median? Explain why.
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Equity Asset Valuation
ISBN: 978-0470571439
2nd Edition
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
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