The values (in billions of dollars) of the 73 worldwide startup companies worth at least $1 billion are described by the relative frequency histogram in Fig. 120. The values are rounded to the first decimal place.

a. Describe the shape of the distribution.
b. Which is larger, the mean or the median? Which is the better measure of the center? Explain.
c. Which class contains the median?
d. Which is the better measure of the spread, the standard deviation or the range? Explain.
e. On the basis of the relative frequency histogram and the fact that the companies are worth at least $1 billion, what is the largest possible range? Round your result to the ones place.

Transcribed Image Text:

Top Startup Companies 0.82 0.8 Ξ 0.6 0.4 0.2 0.07 0.07 0.01 0.01 0.01 30 40 50 20 Billions of dollars 10