Exercises08-10-30Key

Exercises08-10-30Key - 1PHIL 1010, CRITICAL THINKING...

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1 PHIL 1010, CRITICAL THINKING EXERCISES DUE THURS, 10/30 KEY EXERCISES 10.1 B (Sections 1-1.2) B. For each of the following sets of data, calculate as many of the following as you can given the data. (a) the mean, (b) the truncated mean, (c) mode, (d) midrange, and (e) median. 1. Political and economic commentator Kevin Phillips points out the declining employment in the top 500 U.S. industrial corporations over the last two decades of the 20 th century ( Wealth and Democracy , Broadway Books, 2002). Based on the figures below, what is the average number of jobs across the time period from 1980 to 1993. Calculate the average in each of the types listed above. Year Number of Jobs at the top 500 Corporations 1980 15.9 million 1985 14.1 million 1990 12.4 million 1993 11.5 million U.S. Department of Commerce, Bureau of the Census, U.S. Statistical Abstract, and “The Fortune 500. The largest U.S. industrial corporations,” Fortune , April 18, 1994, as reported by Phillips in Wealth and Democracy , page 151. (a) the mean, 13.475 (b) the truncated mean, if you take off the highest value, it is 12.67 (c) mode, 15.9, 14.1, 12.4, and 11.5 (d) midrange 13.7 (e) median, none or the mean of 12.4 and 14.1, = 13.25 2. According to Honest Work, A Business Ethics Reader (Joanne B. Ciulla, et. al., Oxford University Press, 2007, page 166), the number of bankruptcies filed increased considerably from 1997 to 2002. Given the figures below, what was the average number of business and non-business bankruptcies across the six year period for which the numbers are given. Year Total Non-Business Business 2002 1,504,806 1,464,961 38,845 2001 1,307,857 1,271,865 35,992 2000 1,301,205 1,263,096 38,108 1999 1,419,199 1,378,071 41,128 1998 1,423,128 1,370,490
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Exercises08-10-30Key - 1PHIL 1010, CRITICAL THINKING...

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