×
Log in to StudySoup
Get Full Access to Statistics - Textbook Survival Guide
Join StudySoup for FREE
Get Full Access to Statistics - Textbook Survival Guide

Every corporation has a governing board of directors. The

Probability and Statistics for Engineers and the Scientists | 9th Edition | ISBN: 9780321629111 | Authors: Ronald E. Walpole; Raymond H. Myers; Sharon L. Myers; Keying E. Ye ISBN: 9780321629111 32

Solution for problem 18E Chapter 1

Probability and Statistics for Engineers and the Scientists | 9th Edition

  • Textbook Solutions
  • 2901 Step-by-step solutions solved by professors and subject experts
  • Get 24/7 help from StudySoup virtual teaching assistants
Probability and Statistics for Engineers and the Scientists | 9th Edition | ISBN: 9780321629111 | Authors: Ronald E. Walpole; Raymond H. Myers; Sharon L. Myers; Keying E. Ye

Probability and Statistics for Engineers and the Scientists | 9th Edition

4 5 1 360 Reviews
11
2
Problem 18E

Every corporation has a governing board of directors. The number of individuals on a board varies from one corporation to another. One of the authors of the article ?"Does Optimal Corporate Board Size Exist? An Empirical Analysis" (J. of Applied Finance, 2010: 57-69) ?provided the accompanying data on the number of directors on each board in a random sample of 204 corporations. a. Construct a histogram of the data based on relative frequencies and comment on any interesting features. b. Construct a frequency distribution in which the last row includes all boards with at least 18 directors. If this distribution had appeared in the cited article, would you be able to draw a histogram? Explain. c. What proportion of these corporations have at most 10 directors? d. What proportion of these corporations have more than 15 directors?

Step-by-Step Solution:
Step 1 of 3

Problem 18E Answer: Step1: We have Every corporation has a governing board of directors. The number of individuals on a board varies from one corporation to another. One of the authors of the article "Does Optimal Corporate Board Size Exist An Empirical Analysis" (J. of Applied Finance, 2010: 57-69) provided the accompanying data on the number of directors on each board in a random sample of 204 corporations. no. 4 5 6 7 8 9 10 11 12 13 14 15 16 17 21 24 32 Directors Frequency 3 12 13 25 24 42 23 19 16 11 5 4 1 3 1 1 1 We need to find, a. Construct a histogram of the data based on relative frequencies and comment on any interesting features. b. Construct a frequency distribution in which the last row includes all boards with at least 18 directors. If this distribution had appeared in the cited article, would you be able to draw a histogram Explain. c. What proportion of these corporations have at most 10 directors d. What proportion of these corporations have more than 15 directors Step2: a). Consider, No. Directors Frequency Relative Frequency 4 3 0.014705882 5 12 0.058823529 6 13 0.06372549 7 25 0.12254902 8 24 0.117647059 9 42 0.205882353 10 23 0.112745098 11 19 0.093137255 12 16 0.078431373 13 11 0.053921569 14 5 0.024509804 15 4 0.019607843 16 1 0.004901961 17 3 0.014705882 21 1 0.004901961...

Step 2 of 3

Chapter 1, Problem 18E is Solved
Step 3 of 3

Textbook: Probability and Statistics for Engineers and the Scientists
Edition: 9
Author: Ronald E. Walpole; Raymond H. Myers; Sharon L. Myers; Keying E. Ye
ISBN: 9780321629111

The answer to “Every corporation has a governing board of directors. The number of individuals on a board varies from one corporation to another. One of the authors of the article ?"Does Optimal Corporate Board Size Exist? An Empirical Analysis" (J. of Applied Finance, 2010: 57-69) ?provided the accompanying data on the number of directors on each board in a random sample of 204 corporations. a. Construct a histogram of the data based on relative frequencies and comment on any interesting features. b. Construct a frequency distribution in which the last row includes all boards with at least 18 directors. If this distribution had appeared in the cited article, would you be able to draw a histogram? Explain. c. What proportion of these corporations have at most 10 directors? d. What proportion of these corporations have more than 15 directors?” is broken down into a number of easy to follow steps, and 137 words. Probability and Statistics for Engineers and the Scientists was written by and is associated to the ISBN: 9780321629111. Since the solution to 18E from 1 chapter was answered, more than 526 students have viewed the full step-by-step answer. This full solution covers the following key subjects: directors, board, Corporations, data, distribution. This expansive textbook survival guide covers 18 chapters, and 1582 solutions. This textbook survival guide was created for the textbook: Probability and Statistics for Engineers and the Scientists, edition: 9. The full step-by-step solution to problem: 18E from chapter: 1 was answered by , our top Statistics solution expert on 05/06/17, 06:21PM.

Other solutions

Unlock Textbook Solution

Enter your email below to unlock your verified solution to:

Every corporation has a governing board of directors. The

×
Log in to StudySoup
Get Full Access to Statistics - Textbook Survival Guide
Join StudySoup for FREE
Get Full Access to Statistics - Textbook Survival Guide
×
Reset your password