Chapter 2 Summary
Chapter 2 Summary
CHAPTER 2
About 75% of the homes sold for less than what amount?
d.
21. The frequency distribution representing the number of frequent flier miles accumulated
22. The frequency distribution of order lead time of the retailer from Exercise 18 is
repeated below.
a. How many orders were filled in less than 10 days? In less than 15 days?
d. About 60% of the orders were filled in less than how many days?
CHAPTER SUMMARY
I. A frequency table is a grouping of qualitative data into mutually exclusive and collectively
IV. A pie chart shows the proportion each distinct class represents of the total number of
observations.
V. A frequency distribution is a grouping of data into mutually exclusive and collectively ex-
4. Tally the raw data into classes and determine the frequency in each class.
DESCRIBING DATA: FREQUENCY TABLES, FREQUENCY DISTRIBUTIONS, AND GRAPHIC PRESENTATION 43
B. The class frequency is the number of observations in each class.
C. The class interval is the difference between the limits of two consecutive classes.
D. The class midpoint is halfway between the limits of consecutive classes.
VI. A relative frequency distribution shows the percent of observations in each class.
VII. There are several methods for graphically portraying a frequency distribution.
A. A histogram portrays the frequencies in the form of a rectangle or bar for each class.
The height of the rectangles is proportional to the class frequencies.
B. A frequency polygon consists of line segments connecting the points formed by the
intersection of the class midpoint and the class frequency.
C. A graph of a cumulative frequency distribution shows the number of observations less
than a given value.
D. A graph of a cumulative relative frequency distribution shows the percent of observa-
tions less than a given value.
CHAPTER EXERCISES
23. Describe the similarities and differences of qualitative and quantitative variables. Be
sure to include the following:
a. What level of measurement is required for each variable type?
b. Can both types be used to describe both samples and populations?
24. Describe the similarities and differences between a frequency table and a frequency
distribution. Be sure to include which requires qualitative data and which requires quan-
titative data.
25. Alexandra Damonte will be building a new resort in Myrtle Beach, South Carolina. She
must decide how to design the resort based on the type of activities that the resort will
offer to its customers. A recent poll of 300 potential customers showed the following
results about customers’ preferences for planned resort activities:
On-time On-time Early Late On-time On-time On-time On-time Late On-time
Early On-time On-time Early On-time On-time On-time On-time On-time On-time
Early On-time Early On-time On-time On-time Early On-time On-time On-time
Early On-time On-time Late Early Early On-time On-time On-time Early
On-time Late Late On-time On-time On-time On-time On-time On-time On-time
On-time Late Early On-time Early On-time Lost On-time On-time On-time
Early Early On-time On-time Late Early Lost On-time On-time On-time
On-time On-time Early On-time Early On-time Early On-time Late On-time
On-time Early On-time On-time On-time Late On-time Early On-time On-time
On-time On-time On-time On-time On-time Early Early On-time On-time On-time