CHAPTER TWO Charts and Graphs

C 1. A financial analyst has randomly selected 200 companies from those traded on the NYSE. At the end of each trading day, the analyst records the closing price for each of the 200 companies. These 200 measurements are an example of __________. A. B. C. D. an ogive grouped data raw data a stem and leaf plot

E Term

27

28

Test Bank

2.

If data are grouped into intervals and the number of items in each group is listed, this could be called a _______. A. ogive B. histogram C. frequency distribution D. stem and leaf plot

E Term

C E Term

3.

A graphical representation of a frequency distribution is called a _______. A. stem and leaf plot B. ogive C. histogram D. pie chart

4.

The width of a class interval in a frequency distribution will be approximately equal to the range divided by _______. A. the number of class intervals B. the highest number in the data set C. the lowest number in the data set D. the midpoint of the middle class

M Term

5.

If the individual class frequency is divided by the total frequency, the result is the _______. A. midpoint frequency B. cumulative frequency C. stem and leaf plot D. relative frequency

M Term

A E Term

6.

A cumulative frequency polygon is also called _______. A. an ogive B. a histogram C. a frequency polygon D. a stem and leaf plot

Chapter 2: Charts and Graphs B E Term 7. A histogram can be described as _______. A. a graphical depiction of an ogive B. a vertical bar chart C. a vertical stem and leaf plot D. a three dimensional pie chart 8. The number of class intervals in a frequency distribution is usually between _______. A. 3 and 5 B. 7 and 9 C. 5 and 15 D. 1 and 25 9. One advantage of a stem and leaf plot over a frequency distribution is that _______. A. it contains more class intervals B. the values of the original data are retained C. the class midpoints are used as the stem D. the class midpoints are used as the leaf

29

E Term

E Term

10.

One rule that must always be followed in constructing frequency distributions is that _______. A. the number of classes must be less than 10 B. each data point can only fall into one class C. the width of each class is equal to the range D. the number of intervals must be an odd number One rule that must always be followed in constructing frequency distributions is that _______. A. adjacent classes must not overlap B. the midpoint of each class must be a whole number C. the width of each class is equal to the range D. the number of intervals must be an odd number

E Term

11.

E Term

30

Test Bank

12.

Which of the following is best to show the percentage of a total budget that is spent on each category of items? A. histogram B. ogive C. stem and leaf chart D. pie chart A cumulative frequency distribution would provide _______. A. a graph of a frequency distribution B. a running total of the frequencies in the classes C. the proportion of the total frequencies which fall into each class D. a very cloudy picture of the frequencies What is the midpoint of the class interval 10 - under 12? A. 22 B. 11 C. 10.5 D. 11.5

E Term

13.

E Term

B E Calc

14.

C E Calc

15.

What is the midpoint of the class interval 20 - under 25? A. 47 B. 20 C. 22.5 D. 23

B E Calc

16.

What is the midpoint of the class interval 6 - under 9? A. 15 B. 7.5 C. 3 D. 1.5

Chapter 2: Charts and Graphs C 17. Consider the following frequency distribution: Class Interval Frequency 10-under 20 15 20-under 30 25 30-under 40 10 What is the midpoint of the first class? A. 10 B. 20 C. 15 D. none of the above 18. Consider the following frequency distribution: Class Interval Frequency 10-under 20 15 20-under 30 25 30-under 40 10 What is the relative frequency of the first class? A. 0.15 B. 0.30 C. 0.10 D. none of the above 19. Consider the following frequency distribution: Class Interval Frequency 10-under 20 15 20-under 30 25 30-under 40 10 What is the cumulative frequency of the second class interval? A. 25 B. 40 C. 15 D. 50

31

E Calc

E Calc

E Calc

32

Test Bank

20.

Consider the following frequency distribution: Class Interval Frequency 10-under 20 15 20-under 30 25 30-under 40 10 What is the approximate range of this data? A. 10 B. 20 C. 30 D. 40

E Calc

21.

The number of phone calls arriving at a switchboard each hour has been recorded, and the following frequency distribution has been developed. Class Interval Frequency 20-under 40 30 40-under 60 45 60-under 80 80 80-under 100 45 What is the midpoint of the last class? A. 80 B. 100 C. 95 D. 90

E Calc

22.

The number of phone calls arriving at a switchboard each hour has been recorded, and the following frequency distribution has been developed. Class Interval Frequency 20-under 40 30 40-under 60 45 60-under 80 80 80-under 100 45 What is the relative frequency of the second class? A. 0.45 B. 0.90 C. 0.225 D. 0.75

E Calc

Chapter 2: Charts and Graphs C 23.

33

The number of phone calls arriving at a switchboard each hour has been recorded, and the following frequency distribution has been developed. Class Interval Frequency 20-under 40 30 40-under 60 45 60-under 80 80 80-under 100 45 What is the cumulative frequency of the third class? A. 80 B. 0.40 C. 155 D. 75

E Calc

24.

The number of phone calls arriving at a switchboard each hour has been recorded, and the following frequency distribution has been developed. Class Interval Frequency 20-under 40 30 40-under 60 45 60-under 80 80 80-under 100 45 What is the approximate range of the number of phone calls arriving each hour? A. 80 B. 200 C. 20 D. 100

E Calc

25.

Consider the following stem and leaf plot: Stem Leaf 1 0, 2, 5, 7 2 2, 3, 4, 4 3 0, 4, 6, 6, 9 4 5, 8, 8, 9 5 2, 7, 8 Suppose that a frequency distribution was developed from this, and there were 5 classes (10-under 20, 20-under 30, etc.). What would the frequency be for class 30-under 40? A. 3 B. 4 C. 5 D. 9

M Calc

34

Test Bank

26.

Consider the following stem and leaf plot: Stem Leaf 1 0, 2, 5, 7 2 2, 3, 4, 8 3 0, 4, 6, 6, 9 4 5, 8, 8, 9 5 2, 7, 8 Suppose that a frequency distribution was developed from this, and there were 5 classes (10-under 20, 20-under 30, etc.). What would be the relative frequency of the class 20-under 30? A. 0.4 B. 0.25 C. 0.20 D. 4

M Calc

27.

Consider the following stem and leaf plot: Stem Leaf 1 0, 2, 5, 7 2 2, 3, 4, 8 3 0, 4, 6, 6, 9 4 5, 8, 8, 9 5 2, 7, 8 Suppose that a frequency distribution was developed from this, and there were 5 classes (10-under 20, 20-under 30, etc.). What was the highest number in the data set? A. 50 B. 58 C. 59 D. 100

M App

Chapter 2: Charts and Graphs B 28.

35

Consider the following stem and leaf plot: Stem Leaf 1 0, 2, 5, 7 2 2, 3, 4, 8 3 0, 4, 6, 6, 9 4 5, 8, 8, 9 5 2, 7, 8 Suppose that a frequency distribution was developed from this, and there were 5 classes (10-under 20, 20-under 30, etc.). What was the lowest number in the data set? A. 0 B. 10 C. 7 D. 2

M App

29.

Consider the following stem and leaf plot: Stem Leaf 1 0, 2, 5, 7 2 2, 3, 4, 8 3 0, 4, 6, 6, 9 4 5, 8, 8, 9 5 2, 7, 8 Suppose that a frequency distribution was developed from this, and there were 5 classes (10-under 20, 20-under 30, etc.). Most of the numbers in the 40-under 50 class are _______. A. close to 40 B. close to 50 C. equal to 45 D. between 41 and 44

M App

36

Test Bank

30.

Consider the following stem and leaf plot: Stem Leaf 1 0, 2, 5, 7 2 2, 3, 4, 8 3 0, 4, 6, 6, 9 4 5, 8, 8, 9 5 2, 7, 8 Suppose that a frequency distribution was developed from this, and there were 5 classes (10-under 20, 20-under 30, etc.). What is the cumulative frequency for the 30-under 40 class interval? A. 5 B. 9 C. 13 D. 14

M App

31.

Cumulative frequencies are usually represented graphically by _______. A. histograms B. pie charts C. ogives D. frequency polygons An instructor has decided to graphically represent the grades on a test. The instructor uses a plus/minus grading system (i.e. she gives grades of A-, B+, etc.). Which of the following would provide the most information for the students? A. a histogram B. a stem and leaf plot C. a cumulative frequency distribution D. a frequency distribution

E Term

32.

M App

Chapter 2: Charts and Graphs B 33. The following represent the ages of students in a class: 19, 23, 21, 19, 19, 20, 22, 31, 21, 20 If a stem and leaf plot were to be developed from this, how many stems would there be? A. 2 B. 3 C. 4 D. 10 34.

37

M App

The difference between the highest number and the lowest number in a set of data is called the _______. A. difference B. range C. polygonal frequency D. relative frequency A person has decided to construct a frequency distribution for a set of data containing 60 numbers. The lowest number is 23 and the highest number is 68. If 5 classes are used, the class width should be approximately _______. A. 4 B. 12 C. 9 D. 5

E Term

35.

E Calc

36.

A person has decided to construct a frequency distribution for a set of data containing 60 numbers. The lowest number is 23 and the highest number is 68. If 7 classes are used, the class width should be approximately _______. A. 6 B. 7 C. 9 D. 11

E Calc

37.

A frequency distribution was developed. The lower endpoint of the first class is 9.30, and the midpoint is 9.35. What is the upper endpoint of this class? A. 9.50 B. 9.60 C. 9.70 D. 9.40

E Calc

38

Test Bank

38.

The cumulative frequency for a class is 27. The cumulative frequency for the next (non-empty) class will be _______. A. less than 27 B. equal to 27 C. greater than 27 D. 27 minus the next class frequency

E App

39.

Which of the following would be most helpful if you wished to construct a pie chart? A. a frequency distribution B. a relative frequency distribution C. a cumulative frequency distribution D. an ogive

E App

40.

A person has constructed a frequency distribution for the grades on a test. This person is not sure how to do this, and thus only 7 classes were developed, and each class width was set at 10 units. If the lowest possible score is 0 and the highest possible score is 100, which of the following is true? A. all numbers between 0 and 100 belong to one of these classes B. some number might not fit into any of these classes C. some of these classes would have to overlap D. there are too many classes

M App

A E App

41.

In a histogram, the highest bar represents the class with _______. A. the highest frequency B. the lowest frequency C. the highest cumulative frequency D. the lowest relative frequency

Chapter 2: Charts and Graphs C 42.

39

The following class intervals for a frequency distribution were developed to provide information regarding the starting salaries for students graduating from a particular school: Salary Number of Graduates ($1,000s) 18-under 21 21-under 25 24-under 27 29-under 30 Before data was collected, someone questioned the validity of this arrangement. Which of the following represents a problem with this set of intervals? A. there are too many intervals B. the class widths are too small C. some numbers between 18,000 and 30,000 would fall into two different intervals D. the first and the second interval overlap

M App

43.

The following class intervals for a frequency distribution were developed to provide information regarding the starting salaries for students graduating from a particular school: Salary Number of Graduates ($1,000s) 18-under 21 21-under 25 24-under 27 29-under 30 Before data was collected, someone questioned the validity of this arrangement. Which of the following represents a problem with this set of intervals? A. there are too many intervals B. the class widths are too small C. some numbers between 18,000 and 30,000 would not fall into any of these intervals D. the first and the second interval overlap

M App

40

Test Bank

44.

The following class intervals for a frequency distribution were developed to provide information regarding the starting salaries for students graduating from a particular school: Salary Number of Graduates ($1,000s) 18-under 21 21-under 25 24-under 27 29-under 30 Before data was collected, someone questioned the validity of this arrangement. Which of the following represents a problem with this set of intervals? A. there are too many intervals B. the class widths are too small C. the class widths are too large D. the second and the third interval overlap

M App

45.

Abel Alonzo, Director of Human Resources, is exploring employee absenteeism at the Harrison Haulers Plant during the last operating year. A review of all personnel records indicated that absences ranged from zero to twenty-nine days per employee. The following class intervals were proposed for a frequency distribution of absences. Absences Number of Employees (days) 0-under 5 5-under 10 10-under 15 15-under 20 20-under 25 25-under 30 Which of the following represents a problem with this set of intervals? A. B. C. D. there are too few intervals some numbers between 0 and 29 would not fall into any interval the first and second interval overlap none of the above (These intervals are okay.)

M BApp

Chapter 2: Charts and Graphs B 46.

41

Abel Alonzo, Director of Human Resources, is exploring employee absenteeism at the Harrison Haulers Plant during the last operating year. A review of all personnel records indicated that absences ranged from zero to twenty-nine days per employee. The following class intervals were proposed for a frequency distribution of absences. Absences Number of Employees (days) 0-under 5 5-under 10 10-under 15 20-under 25 25-under 30 Which of the following represents a problem with this set of intervals? A. B. C. D. there are too few intervals some numbers between 0 and 29, inclusively, would not fall into any interval the first and second interval overlap there are too many intervals

M BApp

47.

Abel Alonzo, Director of Human Resources, is exploring employee absenteeism at the Harrison Haulers Plant during the last operating year. A review of all personnel records indicated that absences ranged from zero to twenty-nine days per employee. The following class intervals were proposed for a frequency distribution of absences. Absences Number of Employees (days) 0-under 10 10-under 20 20-under 30 Which of the following represents a problem with this set of intervals? A. B. C. D. there are too few intervals some numbers between 0 and 29 would not fall into any interval the first and second interval overlap there are too many intervals

E BApp

42

Test Bank

48.

Consider the relative frequency distribution given below: Class Interval Relative Frequency 20-under 40 0.2 40-under 60 0.3 60-under 80 0.4 80-under 100 0.1 There were 60 numbers in the data set. How many numbers were in the interval 20-under 40? A. 12 B. 20 C. 40 D. 10

E Calc

49.

Consider the relative frequency distribution given below: Class Interval Relative Frequency 20-under 40 0.2 40-under 60 0.3 60-under 80 0.4 80-under 100 0.1 There were 60 numbers in the data set. How many numbers were in the interval 40-under 60? A. 30 B. 50 C. 18 D. 12

E Calc

50.

Consider the relative frequency distribution given below: Class Interval Relative Frequency 20-under 40 0.2 40-under 60 0.3 60-under 80 0.4 80-under 100 0.1 There were 60 numbers in the data set. How many of the number were less than 80? A. 90 B. 80 C. 0.9 D. 54

E Calc

Chapter 2: Charts and Graphs B 51. Consider the following frequency distribution: Class Interval Frequency 100-under 200 25 200-under 300 45 300-under 400 30 What is the midpoint of the first class? A. 100 B. 150 C. 25 D. 250 52. Consider the following frequency distribution: Class Interval Frequency 100-under 200 25 200-under 300 45 300-under 400 30 What is the relative frequency of the second class interval? A. 0.45 B. 0.70 C. 0.30 D. 0.33 53. Consider the following frequency distribution: Class Interval Frequency 100-under 200 25 200-under 300 45 300-under 400 30 What is the cumulative frequency of the second class interval? A. 25 B. 45 C. 70 D. 250

43

E Calc

E Calc

E Calc

44

Test Bank

54.

Consider the following frequency distribution: Class Interval Frequency 100-under 200 25 200-under 300 45 300-under 400 30 What is the approximate range of the data? A. 100 B. 25 C. 300 D. 400

E Calc

55.

Consider the following frequency distribution: Class Interval Frequency 100-under 200 25 200-under 300 45 300-under 400 30 What is the midpoint of the last class interval? A. 15 B. 350 C. 300 D. 200

E Calc

56.

Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "each and every payroll voucher issued since January 1, 1993." Each payroll voucher was inspected and the following frequency distribution was compiled. Errors Per Voucher Number of Vouchers 0-under 2 500 2-under 4 400 4-under 6 300 6-under 8 200 8-under 10 100 The relative frequency of the first class interval is _________. A. B. C. D. 0.50 0.33 0.40 0.27

E BCalc

Chapter 2: Charts and Graphs C 57. Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "each and every payroll voucher issued since January 1, 1993." Each payroll voucher was inspected and the following frequency distribution was compiled. Errors Per Voucher Number of Vouchers 0-under 2 500 2-under 4 400 4-under 6 300 6-under 8 200 8-under 10 100 The cumulative frequency of the second class interval is _________. A. B. C. D. 1,500 500 900 1,000

45

E BCalc

58.

Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "each and every payroll voucher issued since January 1, 1993." Each payroll voucher was inspected and the following frequency distribution was compiled. Errors Per Voucher Number of Vouchers 0-under 2 500 2-under 4 400 4-under 6 300 6-under 8 200 8-under 10 100 The approximate range of the data is _________. A. B. C. D. 1,500 2 400 10

E BCalc

46

Test Bank

59.

Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "each and every payroll voucher issued since January 1, 1993." Each payroll voucher was inspected and the following frequency distribution was compiled. Errors Per Voucher Number of Vouchers 0-under 2 500 2-under 4 400 4-under 6 300 6-under 8 200 8-under 10 100 The midpoint of the first class interval is _________. A. B. C. D. 500 2 1.5 1

E BCalc

60.

The staffs of the accounting and the quality control departments rated their respective supervisor's leadership style as either (1) authoritarian or (2) participatory. Sixty-eight percent of the accounting staff rated their supervisor "authoritarian," and thirty-two percent rated him "participatory." Forty percent of the quality control staff rated their supervisor "authoritarian," and sixty percent rated her "participatory." The best graphic depiction of these data would be two ___________________. A. B. C. D. histograms frequency polygons ogives pie charts

E BApp

Chapter 2: Charts and Graphs B 61.

47

Jessica Salas, president of Salas Products, is reviewing the warranty policy for her company's new model of automobile batteries. Accelerated life tests were performed on a sample of 100 batteries, and the following relative frequency distribution was compiled. Battery Life Relative Frequency (months) 40-under 50 0.05 50-under 60 0.10 60-under 70 0.25 70-under 80 0.50 80-under 100 0.10 The number of batteries in 40-under 50 interval was _________. A. B. C. D. 45 5 10 15

E BCalc

62.

Jessica Salas, president of Salas Products, is reviewing the warranty policy for her company's new model of automobile batteries. Accelerated life tests were performed on a sample of 100 batteries, and the following relative frequency distribution was compiled. Battery Life Relative Frequency (months) 40-under 50 0.05 50-under 60 0.10 60-under 70 0.25 70-under 80 0.50 80-under 100 0.10 The number of batteries in 60-under 70 interval was _________. A. B. C. D. 25 65 40 60

E BCalc

48

Test Bank

63.

Jessica Salas, president of Salas Products, is reviewing the warranty policy for her company's new model of automobile batteries. Accelerated life tests were performed on a sample of 100 batteries, and the following relative frequency distribution was compiled. Battery Life Relative Frequency (months) 40-under 50 0.05 50-under 60 0.10 60-under 70 0.25 70-under 80 0.50 80-under 100 0.10 The number of batteries which lasted less than 60 months was _________. A. B. C. D. 10 55 5 15

M BCalc

64.

Chili Robinson, Director of Quality Control, is concerned about the variability in a drilling process. The process should produce 1" holes in aluminum castings. A sample of ninety castings are drilled and inspected. Data collected from measuring the ninety holes were compiled to form the following frequency distribution. Hole Diameter Number of Holes (inches) 0.85-under 0.90 10 0.90-under 0.95 20 0.95-under 1.00 30 1.00-under 1.05 20 1.05-under 1.10 10 The percentage of holes under 1" in diameter was _____________. A. B. C. D. 33% 60% 67% 50%

E BCalc

Chapter 2: Charts and Graphs B 65.

49

Chili Robinson, Director of Quality Control, is concerned about the variability in a drilling process. The process should produce 1" holes in aluminum castings. A sample of ninety castings are drilled and inspected. Data collected from measuring the ninety holes were compiled to form the following frequency distribution. Hole Diameter Number of Holes (inches) 0.85-under 0.90 10 0.90-under 0.95 20 0.95-under 1.00 30 1.00-under 1.05 20 1.05-under 1.10 10 The number of holes under 1" in diameter was _____________. A. B. C. D. 20 60 25 30

M BCalc

66.

Chili Robinson, Director of Quality Control, is concerned about the variability in a drilling process. The process should produce 1" holes in aluminum castings. A sample of ninety castings are drilled and inspected. Data collected from measuring the ninety holes were compiled to form the following frequency distribution. Hole Diameter Number of Holes (inches) 0.85-under 0.90 10 0.90-under 0.95 20 0.95-under 1.00 30 1.00-under 1.05 20 1.05-under 1.10 10 The midpoint of the third class interval is _____________. A. B. C. D. 1.025 25 35 0.975

E BCalc

50

Test Bank

67.

The U.S. PC market is very competitive. In 1998 unit-shipment market shares were: Dell 13.4%; Compaq 15.0%; Gateway 8.2%; Hewlett-Packard 8.4%; IBM 8.9%; and others 46.1%. The best graphic depiction of these data would be ___________________. A. B. C. D. a histogram a frequency polygon a pie chart an ogive

E BApp

68.

The U.S. PC market is very competitive. In 1998 unit-shipment market shares were: Dell 13.4%; Compaq 15.0%; Gateway 8.2%; Hewlett-Packard 8.4%; IBM 8.9%; and others 46.1%. In 1999 unit-shipment market shares were: Dell 17.1%; Compaq 15.3%; Gateway 9.3%; Hewlett-Packard 8.2%; IBM 7.6%; and others 42.5%. The best graphic depiction of these data would be ___________________. A. B. C. D. a pie chart two pie charts a histogram two histograms

E BApp

69.

The Worlwide PC market is very competitive. In 1998 unit-shipment market shares were: Dell 8.2%; Compaq 13.4%; Gateway 3.8%; Hewlett-Packard 5.9%; IBM 8.4%; and others 60.3%. The best graphic depiction of these data would be ___________________. A. B. C. D. a pie chart a histogram a frequency polygon an ogive

E BApp

Chapter 2: Charts and Graphs D 70.

51

The Worlwide PC market is very competitive. In 1998 unit-shipment market shares were: Dell 8.2%; Compaq 13.4%; Gateway 3.8%; Hewlett-Packard 5.9%; IBM 8.4%; and others 60.3%. In 1999 unit-shipment market shares were: Dell 10.8%; Compaq 12.8%; Gateway 4.3%; Hewlett-Packard 6.2%; IBM 7.6%; and others 58.3%. The best graphic depiction of these data would be ___________________. A. B. C. D. a histogram two histograms a pie chart two pie charts

E BApp

71.

The 1999 and 2000 market share data of the three competitors (A, B, and C) in an oligopolistic industry are presented in the following pie charts.

C 22%

1999

C 19%

2000

A 33%

B 45%

A 35%

B 46%

Which of the following is true? E BApp A. B. C. D. Only company B gained market share. Only company C lost market share. Company A lost market share. Company B lost market share.

52

Test Bank

72.

The 1999 and 2000 market share data of the three competitors (A, B, and C) in an oligopolistic industry are presented in the following pie charts. Total sales for this industry were $1.5 billion in 1999 and $1.8 billion in 2000. Company Cs sales in 2000 were ___________.

C 22%

1999

C 19%

2000

A 33%
E BApp A. B. C. D. $342 million $630 million $675 million $828 million

B 45%

A 35%

B 46%

73.

The 1999 and 2000 market share data of the three competitors (A, B, and C) in an oligopolistic industry are presented in the following pie charts. Total sales for this industry were $1.5 billion in 1999 and $1.8 billion in 2000.

C 22%

1999

C 19%

2000

A 33%
E BApp A. B. C. D. $342 million $630 million $675 million $828 million

B 45%

A 35%

B 46%

Company Bs sales in 1999 were ___________.

Chapter 2: Charts and Graphs

53

54

Test Bank

74.

The 1999 and 2000 market share data of the three competitors (A, B, and C) in an oligopolistic industry are presented in the following pie charts.

C 22%

1999

C 19%

2000

A 33%

B 45%

A 35%

B 46%

Which of the following MAY BE a false statement? M BApp A. B. C. D. Sales revenues declined at company C. Only company C lost market share. Company A gained market share. Company B gained market share.

75.

Liz Chapa manages a portfolio of 250 common stocks. Her staff compiled the following frequency distribution of dividends received (in $/share) during the previous year. Dividends Number of Stocks ($/share) $0-under $0.50 25 0.50-under 1.00 50 1.00-under 1.50 100 1.50-under 2.00 50 2.00-under 2.50 25 Construct a histogram of the dividend frequency distribution on the following grid.

E BCalc

Chapter 2: Charts and Graphs

55

76.

Liz Chapa manages a portfolio of 250 common stocks. Her staff compiled the following frequency distribution of dividends received (in $/share) during the previous year. Dividends Number of Stocks ($/share) $0-under $0.50 25 0.50-under 1.00 50 1.00-under 1.50 100 1.50-under 2.00 50 2.00-under 2.50 25 Construct a frequency polygon of the dividend frequency distribution on the following grid.

E BCalc

56

Test Bank

77.

Liz Chapa manages a portfolio of 250 common stocks. Her staff compiled the following frequency distribution of dividends received (in $/share) during the previous year. Dividends ($/share) Number of Stocks $0-under $0.50 25 0.50-under 1.00 50 1.00-under 1.50 100 1.50-under 2.00 50 2.00-under 2.50 25 Construct a cumulative frequency ogive on the following grid.

E BCalc 78. Chili Robinson, Director of Quality Control, is concerned about the variability in a drilling process. The process should produce 1" holes in aluminum castings. A sample of ninety castings are drilled and inspected. Data collected from measuring the ninety holes were compiled to form the following frequency distribution. Hole Diameter (inches) Number of Holes 0.85-under 0.90 10 0.90-under 0.95 20 0.95-under 1.00 30 1.00-under 1.05 20 1.05-under 1.10 10 Construct a histogram on the following grid.

E BCalc

Chapter 2: Charts and Graphs 79.

57

Chili Robinson, Director of Quality Control, is concerned about the variability in a drilling process. The process should produce 1" holes in aluminum castings. A sample of ninety castings are drilled and inspected. Measurements from the ninety holes were compiled to form the following frequency distribution. Hole Diameter (inches) Number of Holes 0.85-under 0.90 10 0.90-under 0.95 20 0.95-under 1.00 30 1.00-under 1.05 20 1.05-under 1.10 10 Construct a frequency polygon on the following grid.

E BCalc 80. Chili Robinson, Director of Quality Control, is concerned about the variability in a drilling process. The process should produce 1" holes in aluminum castings. A sample of ninety castings are drilled and inspected. Measurements from the ninety holes were compiled to form the following frequency distribution. Hole Diameter (inches) Number of Holes 0.85-under 0.90 10 0.90-under 0.95 20 0.95-under 1.00 30 1.00-under 1.05 20 1.05-under 1.10 10 Construct a cumulative frequency ogive on the following grid.

E BCalc

58

Test Bank

81.

Each day, the office staff at Oasis Quick Shop prepares a frequency distribution and an ogive of sales transactions by dollar value of the transactions. Saturday's cumulative frequency ogive follows.

The total number of sales transactions on Saturday was _____________. E BCalc A. B. C. D. 200 500 300 100

82.

Each day, the office staff at Oasis Quick Shop prepares a frequency distribution and an ogive of sales transactions by dollar value of the transactions. Saturday's cumulative frequency ogive follows.

The percentage of sales transactions on Saturday that were under $100 each was _____________. M BCalc A. B. C. D. 100 10 80 20

Chapter 2: Charts and Graphs

59

83.

Each day, the office staff at Oasis Quick Shop prepares a frequency distribution and an ogive of sales transactions by dollar value of the transactions. Saturday's cumulative frequency ogive follows.

The percentage of sales transactions on Saturday that were at least $100 each was _____________. M BCalc A. B. C. D. 100 10 80 20

84.

Each day, the office staff at Oasis Quick Shop prepares a frequency distribution and an ogive of sales transactions by dollar value of the transactions. Saturday's cumulative frequency ogive follows.

The percentage of sales transactions on Saturday that were between $100 and $150 was _____________. M BCalc A. 20% B. 40% C. 60%

60

Test Bank

85.

D. 80% Each day, the office staff at Oasis Quick Shop prepares a frequency distribution and a histogram of sales transactions by dollar value of the transactions. Friday's histogram follows.

On Tuesday, the approximate number of sales transactions in the 125-under 150 category was _____________. E BCalc A. B. C. D. 50 100 150 200

86.

Each day, the office staff at Oasis Quick Shop prepares a frequency distribution and a histogram of sales transactions by dollar value of the transactions. Friday's histogram follows.

On Tuesday, the approximate number of sales transactions between $100 and $150 was _____________. E BCalc A. 100 B. 200

Chapter 2: Charts and Graphs C. 300 D. 400 The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank, prepared a cumulative frequency ogive of waiting time for walk-in customers.

61

87.

The total number of walk-in customers included in the study was _________. E BCalc A. B. C. D. 100 250 300 450

88.

The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank, prepared a cumulative frequency ogive of waiting time for walk-in customers.

The percentage of walk-in customers waiting one minute or less was _________. E BCalc A. 22% B. 11% C. 67%

62

Test Bank

89.

D. 10% The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank, prepared a cumulative frequency ogive of waiting time for walk-in customers.

The percentage of walk-in customers waiting more than 6 minutes was ______. E BCalc A. B. C. D. 22% 11% 67% 10%

90.

The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank, prepared a cumulative frequency ogive of waiting time for walk-in customers.

The percentage of walk-in customers waiting between 1 and 6 minutes was ___. M BCalc A. 22% B. 11% C. 67%

Chapter 2: Charts and Graphs D. 10%

63

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91.

The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank, prepared a frequency histogram of waiting time for walk-in customers.

Approximately _____ walk-in customers waited less than 2 minutes. E BCalc A. B. C. D. 20 30 100 180

92.

The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank, prepared a frequency histogram of waiting time for walk-in customers.

Approximately ____ walk-in customers waited at least 7 minutes. E BCalc A. 20 B. 30 C. 100

Chapter 2: Charts and Graphs D. 180

65

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93.

The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage, prepared a cumulative percentage ogive of market capitalization of the 937 corporations listed on the American Stock Exchange in January 2003.
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

Cumulative Percentage

Market Capitalization
($1,000,000)

The median market capitalization of the corporations was _________ ($1,000,000). E BCalc A. B. C. D. 200 26 12 60

Chapter 2: Charts and Graphs C 94. The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage, prepared a cumulative percentage ogive of market capitalization of the 937 corporations listed on the American Stock Exchange in January 2003.
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

67

Cumulative Percentage

Market Capitalization
($1,000,000)

The percentage of corporations with capitalization of $50,000,000 or less was _________. E BCalc A. B. C. D. 38 26 62 43

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95.

The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage, prepared a cumulative percentage ogive of market capitalization of the 937 corporations listed on the American Stock Exchange in January 2003.
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

Cumulative Percentage

Market Capitalization
($1,000,000)

The percentage of corporations with capitalization exceeding $50,000,000 was _________. E BCalc A. B. C. D. 38 26 62 43

Chapter 2: Charts and Graphs B 96. The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage, prepared a cumulative percentage ogive of market capitalization of the 937 corporations listed on the American Stock Exchange in January 2003.
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

69

Cumulative Percentage

Market Capitalization
($1,000,000)

The percentage of corporations with capitalization of $150,000,000 or less was _________. E BCalc A. B. C. D. 38 85 62 15

70

Test Bank

97.

The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage, prepared a cumulative percentage ogive of market capitalization of the 937 corporations listed on the American Stock Exchange in January 2003.
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

Cumulative Percentage

Market Capitalization
($1,000,000)

The percentage of corporations with capitalization exceeding $150,000,000 was _________. E BCalc A. B. C. D. 38 85 62 15

Chapter 2: Charts and Graphs B 98. The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage, prepared a frequency histogram of market capitalization of the 937 corporations listed on the American Stock Exchange in January 2003.
AMEX Listed Securities
800 Number of Issues 600 400 200 0 $100 $200 $300 $400 $500

71

Market Capitalization ($1,000,000)

Approximately ________ corporations had capitalization exceeding $200,000,000. E BCalc A. B. C. D. 50 100 700 800

72

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99.

The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage, prepared a frequency histogram of market capitalization of the 937 corporations listed on the American Stock Exchange in January 2003.
AMEX Listed Securities
800 Number of Issues 600 400 200 0 $100 $200 $300 $400 $500

Market Capitalization ($1,000,000)

Approximately ________ corporations had capitalizations of $200,000,000 or less. E BCalc A. B. C. D. 50 100 700 800

B 100.

Destiny Houston needs to prepared several graphics for a report on competition and growth of Internet advertising. Which Excel feature is most useful for this task? A. B. C. D. Solver Chart Wizard Data Analysis Pivot Table

E Term

Chapter 2: Charts and Graphs B 101. The following graphic of PCB Failures is a _____________.
PCB Failures
25 Frequency 20 15 10 5 0 Cracked Bent Pin Wrong Missing Solder Trace Part Part Bridge Cause 120% 100% 80% 60% 40% 20% 0%

73

E Term

A. B. C. D.

Scatter Plot Pareto Chart Pie Chart Cumulative Histogram Chart

A 102.

According to the following graphic the most common cause of PCB Failures is a _____________.
PCB Failures
25 Frequency 20 15 10 5 0 Cracked Bent Pin Wrong Missing Solder Trace Part Part Bridge Cause 120% 100% 80% 60% 40% 20% 0%

E BApp

A. B. C. D.

Cracked Trace Bent Pin Missing Part Solder Bridge

B 103.

According to the following graphic, Bent Pins account for ____% of PCB

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Failures.
PCB Failures
25 Frequency 20 15 10 5 0 Cracked Bent Pin Wrong Missing Solder Trace Part Part Bridge Cause 120% 100% 80% 60% 40% 20% 0%

E BApp

A. B. C. D.

10 20 30 40

D 104.

According to the following graphic, Cracked Traces account for ____% of PCB Failures.
PCB Failures
25 Frequency 20 15 10 5 0 Cracked Bent Pin Wrong Missing Solder Trace Part Part Bridge Cause 120% 100% 80% 60% 40% 20% 0%

E BApp

A. B. C. D.

10 20 30 40

Chapter 2: Charts and Graphs A 105.

75

The following graphic of residential housing data (selling price and size in square feet) is a _____________.
Selling Price ($1,000) 130 120 110 100 90 80 70 1400 1600 1800 2000 2200 2400

Square Feet

E Term

A. B. C. D.

Scatter Plot Pareto Chart Pie Chart Cumulative Histogram Chart

C 106.

The following graphic of residential housing data (selling price and size in square feet) indicates _____________.
Selling Price ($1,000) 130 120 110 100 90 80 70 1400 1600 1800 2000 2200 2400

Square Feet

E BApp

A. B. C. D.

an inverse relation between the two variables no relation between the two variables a direct relation between the two variables a negative exponential relation between the two variables