What is the lowest holiday spending


NRF/Big research provided results of a consumer holiday spending survey (USA Today, December 20, 2005). The following data provide the dollar amount of holiday spending for a sample of 25 consumers.

1200

850

740

590

340

450

890

260

610

350

1780

180

850

2050

770

800

1090

510

520

220

1450

280

1120

200

350

a.       What is the lowest holiday spending? Highest?

b.      Use a class width of $250 to prepare a frequency distribution and a percent frequency

c.       Prepare a histogram and comment on the shape of the distribution

d.      What observation can you make about holiday spending?

The Nielsen Home Technology Report provided information about home technology and it usage. The following data are the hours of personal computer usage during one week for a sample of 50 persons.

4.1

1.5

10.4

5.9

3.4

5.7

1.6

6.1

3.0

3.7

3.1

4.8

2.0

14.8

5.4

4.2

3.9

4.1

11.1

3.5

4.1

4.1

8.8

5.6

4.3

3.3

7.1

10.3

6.2

7.6

10.8

2.8

9.5

12.9

12.1

0.7

4.0

9.2

4.4

5.7

7.2

6.1

5.7

5.9

4.7

3.9

3.7

3.1

6.1

3.1

Summarize the data by constructing the following:

a.       A frequency distribution (use a class width of 3 hours)

b.      A relative frequency distribution

c.       A histogram

d.      An Ogive

e.      Comment on what the data indicate about personal computer usage at home

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Microeconomics: What is the lowest holiday spending
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