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RichaDuggi13 RichaDuggi13
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3 weeks ago

The following information regarding the top eight Fortune 500 companies was presented in an issue of Fortune Magazine.

 

 

Sales
$ Millions

Sales
Rank

Profits
$ Millions

Profits
Rank

Company
General Motors

161,315

1

2,956

30

Ford Motor

144,416

2

22,071

2

Wal-Mart Stores

139,208

3

4,430

14

Exxon

100,697

4

6,370

5

General Electric

100,469

5

9,269

3

Int'l Business Machines

81,667

6

6,328

6

Citigroup

76,431

7

5,807

8

Philip Morris

57,813

8

5,372

9

Boeing

56,154

9

1,120

82

AT&T

53,588

10

6,398

4


 

a.How many elements are in the above data set?
b.How many variables are in this data set?
c.How many observations are in this data set?
d.Which variables are categorical and which are quantitative variables?
e.What measurement scale is used for each variable?

Textbook 
Essentials of Statistics for Business and Economics

Essentials of Statistics for Business and Economics


Edition: 7th
Authors:
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flash33101flash33101
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3 weeks ago
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More solutions for this book are available here


a.10
b.4
c.10
d.Sales and Profits are quantitative
 Sales Rank, and Profits Rank are categorical
e.Sales: ratio
 Sales Rank: ordinal
 Profits: ratio
 Profits Rank: ordinal
1

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RichaDuggi13 Author
wrote...

3 weeks ago
Smart ... Thanks!
jcarter
wrote...

Yesterday
Thank you, thank you, thank you!
rhockeygirl
wrote...

2 hours ago
Correct Slight Smile TY
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