Complete the following problems:
Q1: What is the level of measurement for these items related to the newspaper business?
a. The number of papers sold each Sunday during 2004.
b. The departments, such as editorial, advertising, sports, etc.
c. A summary of the number of papers sold by county.
d. The number of years with the paper for each employee.
Q2: A recent survey showed that the typical American car owner spends $2,950 per year on operating expenses. Below is a breakdown of the various expenditure items. Draw an appropriate chart to portray the data and summarize your findings in a brief report.
Expenditure Item Amount
Fuel $ 603
Interest on car loan 279
Repairs 930
Insurance and license 646
Depreciation 492
Total $2,950
Determine the median and (b) the mode.
Q3:The following is the percent change in net income from 2002 to 2003 for a sample of 12 construction companies in Denver.
5 1 _10 _6 5 12 7 8 2 5 _1 11
Q4: The Thomas Supply Company, Inc. is a distributor of small electrical motors. As with any business, the length of time customers take to pay their invoices is important. Listed below, arranged from smallest to largest, is the time, in days, for a sample of The Thomas Supply Company, Inc. invoices.
13 13 13 20 26 27 31 34 34 34 35 35 36 37 38
41 41 41 45 47 47 47 50 51 53 54 56 62 67 82
a. Determine the first and third quartiles.
b. Determine the second decile and the eighth decile.
c. Determine the 67th percentile.