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

Edition: 7th Edition

Resource Type: Solution manual

\$15.00

## 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.