Solution Manual for Essentials of Modern Business Statistics with Microsoft Excel 7th Edition by Anderson

Solution Manual for Essentials of Modern Business Statistics with Microsoft Excel 7th Edition by Anderson

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Edition: 7th Edition

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Resource Type: Solution manual

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Solution Manual for Essentials of Modern Business Statistics with Microsoft Excel 7th Edition by Anderson

Solutions to

Case Problems

 Chapter 2

Descriptive Statistics: Tabular and Graphical Displays

 

Case Problem 1: Pelican Stores

 

  1.  Solution Manual for Essentials of Modern Business Statistics  There were 70 Promotional customers and 30 Regular customers  Percent frequency distributions for many of the variables are given.

 

No. of Items Percent Frequency
1    29
2   27
3   10
4   10
5     9
6     7
7 or more     8
Total: 100

 

Net Sales Percent Frequency
0.00 – 24.99 9
25.00 – 49.99 30
50.00 – 74.99 25
75.00 – 99.99 10
100.00 – 124.99 12
125.00 – 149.99 4
150.00 – 174.99 3
175.00 – 199.99 3
200 or more     4
Total: 100

 

Method of Payment Percent Frequency
American Express     2
Discover     4
MasterCard   14
Proprietary Card   70
Visa   10
Total: 100

 

 

Gender Percent Frequency
Female 93
Male     7
Total: 100

 

 

Martial Status Percent Frequency
Married 84
Single   16
Total: 100

 

Age Percent Frequency
20 – 29 10
30 – 39 30
40 – 49 33
50 – 59 16
60 – 69 7
70 – 79     4
Total: 100

 

Solution Manual for Essentials of Modern Business Statistics   These percent frequency distributions provide a profile of Pelican’s customers. Many observations are possible, including:

 

  • A large majority of the customers use National Clothing’s proprietary credit card
  • The percent frequency distribution of net sales shows that 61% of the customers spent $50 or more.
  • Customers are distributed across all adult age groups.
  • The overwhelming majority of customers are female.
  • Most of the customers are married.
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