What are the big corporations doing with their wealth

TUTORIAL LETTER QUANTITATIVE METHODS SEMESTER 1/2019 QTM5115 Question 2 [32 marks] What are the big corporations doing with their wealth? One way to answer this question is to examine profits as percentage of assets. A random sample of 50 Fortune 500 companies gave the following information (Source: Based on information from Fortune 500, Vol. 135, No. 8). Profit as percentage of Number of asset 8.6-12.5 12.6-16.5 16.6-20.5 20.6-24.5 24.6-28.5 companies 15 20 2.1. 2.2. 2.3. 2.4. 2.5. Compute and interpret the approximated average profit Compute and interpret the median profit. Compute and interpret the modal profit. Find the minimum profit associated with the 25% of companies with highest profit. Compute the interquartile range? Compute the coefficient of variation for profits. 15) [41 8] 2.6. Question 3(16 marks] TUTORIAL LETTER QUANTITATIVE METHODS SEMESTER 1/2019 QTM5115 Question 2 [32 marks] What are the big corporations doing with their wealth? One way to answer this question is to examine profits as percentage of assets. A random sample of 50 Fortune 500 companies gave the following information (Source: Based on information from Fortune 500, Vol. 135, No. 8). Profit as percentage of Number of asset 8.6-12.5 12.6-16.5 16.6-20.5 20.6-24.5 24.6-28.5 companies 15 20 2.1. 2.2. 2.3. 2.4. 2.5. Compute and interpret the approximated average profit Compute and interpret the median profit. Compute and interpret the modal profit. Find the minimum profit associated with the 25% of companies with highest profit. Compute the interquartile range? Compute the coefficient of variation for profits. 15) [41 8] 2.6. Question 3(16 marks]