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Get Full Access to Statistical Techniques In Business And Economics - 15 Edition - Chapter Chapter 2 - Problem 43
Get Full Access to Statistical Techniques In Business And Economics - 15 Edition - Chapter Chapter 2 - Problem 43

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# Merrill Lynch recently completed a study regarding the size of online investment

ISBN: 9780073401805 480

## Solution for problem 43 Chapter Chapter 2

Statistical Techniques in Business and Economics | 15th Edition

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Problem 43

Merrill Lynch recently completed a study regarding the size of online investment portfolios (stocks, bonds, mutual funds, and certificates of deposit) for a sample of clients in the 40- to 50-year-old age group. Listed following is the value of all the investments in thousands of dollars for the 70 participants in the study. a. Organize the data into a frequency distribution. How many classes would you suggest? What value would you suggest for a class interval? b. Draw a histogram. Interpret your result

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Chapter 3 Averages and Variation Material Extracted From Textbook (Brase, Charles Henry., and Corrinne Pellillo. Brase. Understandable Statistics: Concepts and Methods​ . 11th ed. N.p.: Cengage Learning, n.d. Print.) 3.1 Measures of Central Tendency: Mode, Median, and Mean Mode:​ The value that occurs most frequently. Note: if the data set has not single value that occurs more frequently than the other, then that data set has not more. If a data set has two values that occur at the same frequency it can be bi­modal. Median: ​ The central value of an ordered distribution. How to find the Median 1. Order the data from smallest to largest. 2. For an odd number of data values in the distribution. Median = Middle data 3. For an even

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##### ISBN: 9780073401805

Since the solution to 43 from Chapter 2 chapter was answered, more than 275 students have viewed the full step-by-step answer. The answer to “Merrill Lynch recently completed a study regarding the size of online investment portfolios (stocks, bonds, mutual funds, and certificates of deposit) for a sample of clients in the 40- to 50-year-old age group. Listed following is the value of all the investments in thousands of dollars for the 70 participants in the study. a. Organize the data into a frequency distribution. How many classes would you suggest? What value would you suggest for a class interval? b. Draw a histogram. Interpret your result” is broken down into a number of easy to follow steps, and 83 words. This full solution covers the following key subjects: . This expansive textbook survival guide covers 20 chapters, and 1081 solutions. This textbook survival guide was created for the textbook: Statistical Techniques in Business and Economics, edition: 15. The full step-by-step solution to problem: 43 from chapter: Chapter 2 was answered by , our top Statistics solution expert on 03/16/18, 04:51PM. Statistical Techniques in Business and Economics was written by and is associated to the ISBN: 9780073401805.

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