19.The sales record of a real estate company for the month of May shows the following house prices (rounded to the nearest $1,000). Values are in thousands of dollars.105554585753060757995a.Develop a frequency distribution and a percent frequency distribution for the house prices. (Use 5 classes and have your first class be 20 - 39.)b.Develop a cumulative frequency and a cumulative percent frequency distribution for the above data.

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c.What percentage of the houses sold at a price below $80,000?
ANS:
a.
a.
b.
b.
Cum.
Sales Price
Percent
Cum.
Percent
(In Thousands of Dollars)
Freq.
Freq.
Freq.
Freq.
20 - 39
1
10
1
10
40 - 59
2
20
3
30
60 - 79
4
40
7
70
80 - 99
2
20
9
90
100 - 119
1
10
10
100
c.
70%
PTS:
1
TOP:
Descriptive Statistics
20.The test scores of 14 individuals on their first statistics examination are shown below.9587524377847875639281839188Construct a stem-and-leaf display for these data.
PTS:
1
TOP:
Descriptive Statistics
21.A survey of 400 college seniors resulted in the following crosstabulation regarding their undergraduatemajor and whether or not they plan to go to graduate school.Undergraduate MajorGraduate SchoolBusinessEngineeringOthersTotalYes354263140No9110465260Total126146128400
ANS:

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a.
No, majority (260) will not attend graduate school
b.
Majority (146) are engineering majors
c.
Undergraduate Major
Graduate School
Business
Engineering
Others
Total
Yes
25%
30%
45%
100%
No
35%
40%
25%
100%
Majority who plan to go to graduate school are from "Other" majors.
Majority of those who will
not go to graduate school are engineering majors.
d.
Undergraduate Major
Graduate School
Business
Engineering
Others
Yes
27.8%
28.8%
49.2%
No
72.2%
71.2%
50.8%
Total
100%
100%
100%
Approximately the same percentages of Business and engineering majors plan to attend graduate
school (27.8% and 28.8% respectively).
Of the "Other" majors approximately half (49.2%) plan
to go to graduate school.
PTS:
1
TOP:
Descriptive Statistics

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- Spring '13
- YOYL
- Economics, Descriptive statistics, Frequency distribution, Histogram , Basic Statistics for Business and Economics