Question: The State Industrial Development Council is currently working on a financial services brochure to send to out-of-state companies. It is hoped that the brochure will

The State Industrial Development Council is currently working on a financial services brochure to send to out-of-state companies. It is hoped that the brochure will be helpful in attracting companies to relocate to your state. You are given the following frequency distribution on banks in your state:
The State Industrial Development Council is currently working on a

a. Does this frequency distribution violate any of the rules of construction for frequency distributions? If so, reconstruct the frequency distribution to remedy this violation.
b. The Council wishes to target companies that would require financial support from banks that have at least $25 million in deposits. Reconstruct the frequency distribution to attract such companies to relocate to your state. Do this by considering different classes that would accomplish such a goal.
c. Reconstruct the frequency distribution to attract companies that require financial support from banks that have between $5 million and $25 million in deposits.
d. Present an eye-catching, two-paragraph summary of what the data would mean to a company that is considering moving to the state. Your boss has said you need to include relative frequencies in this presentation.

Number of Banks Total Deposits (in millions) Deposit Size (in millions) Less than 5 5 to less than 10 10 to less than 25 25 to less than 50 50 to less than 100 100 to less than 500 Over 500 7.2 52.1 95.4 166.6 529.8 1663.0

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a The classes are all inclusive and mutually exclusive except for the last class which should be 5... View full answer

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