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

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Edition: 7th Edition

Format: Downloadable ZIP Fille

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 ItemsPercent Frequency
1   29
2  27
3  10
4  10
5    9
6    7
7 or more    8
Total:100

 

Net SalesPercent Frequency
0.00 – 24.999
25.00 – 49.9930
50.00 – 74.9925
75.00 – 99.9910
100.00 – 124.9912
125.00 – 149.994
150.00 – 174.993
175.00 – 199.993
200 or more    4
Total:100

 

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

 

 

GenderPercent Frequency
Female93
Male    7
Total:100

 

 

Martial StatusPercent Frequency
Married84
Single  16
Total:100

 

AgePercent Frequency
20 – 2910
30 – 3930
40 – 4933
50 – 5916
60 – 697
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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