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Wellstone, Inc., produces and markets replacement covers

Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen ISBN: 9780077384470 64

Solution for problem 5E Chapter 2

Basic Statistics for Business and Economics | 7th Edition

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Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen

Basic Statistics for Business and Economics | 7th Edition

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Problem 5E

Problem 5E

Wellstone, Inc., produces and markets replacement covers for cell phones in a variety of colors. The company would like to allocate its production plans to five different colors: bright white, metallic black, magnetic lime, tangerine orange, and fusion red. The company set up a kiosk in the Mall of America for several hours and asked randomly selected people which cover color was their favorite. The results follow:

Bright white

130

Metallic black

104

Magnetic lime

325

Tangerine orange

455

Fusion red

286

a. What is the table called?

b. Draw a bar chart for the table.

c. Draw a pie chart.

d. If Wellstone, Inc., plans to produce 1 million cell phone covers, how many of each color should it produce?

Step-by-Step Solution:

Solution :

Step 1 of 4:

From the given information we know that a company set up a kiosk in the Mall of America for several hours .

Then the table is given below.

Bright white

130

Metallic black

104

Magnetic lime

325

Tangerine orange

455

Fusion red

286

Our goal is:

a). We need to find the table.

b). We need to plot a Bar chart.

c). We need to plot a Pie chart.

d). We need to find how many of each color should it produce.

a). The table is called as frequency table.


Step 2 of 4

Chapter 2, Problem 5E is Solved
Step 3 of 4

Textbook: Basic Statistics for Business and Economics
Edition: 7
Author: Douglas Lind; William Marchal; Samuel Wathen
ISBN: 9780077384470

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Wellstone, Inc., produces and markets replacement covers