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A chain of sport shops catering to beginning skiers,

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

Solution for problem 37E 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 37E

Problem 37E

A chain of sport shops catering to beginning skiers, headquartered in Aspen, Colorado, plans to conduct a study of how much a beginning skier spends on his or her initial purchase of equipment and supplies. Based on these figures, it wants to explore the possibility of offering combinations, such as a pair of boots and a pair of skis, to induce customers to buy more. A sample of cash register receipts revealed these initial purchases:

$140

$82

$265

$168

$90

$114

$172

$230

$142

86

125

235

212

171

149

156

162

118

139

149

132

105

162

126

216

195

127

161

135

172

220

229

129

87

128

126

175

127

149

126

121

118

172

126

 

a. Arrive at a suggested class interval. Use six classes, and let the lower limit of the first class be $70.

b. What would be a better class interval?

c. Organize the data into a frequency distribution using a lower limit of $80.

d. Interpret your findings.

Step-by-Step Solution:
Step 1 of 5

Solution:  

Step1 of 5:

     Given a 44 samples of cash register receipts revealed these initial purchases.

           

$140

$82

$265

$168

$90

$114

$172

$230

$142

86

125

235

212

171

149

156

162

118

139

149

132

105

162

126

216

195

127

161

135

172

220

229

129

87

128

126

175

127

149

126

121

118

172

126

 

 

 


 

Step 2 of 5

Chapter 2, Problem 37E is Solved
Step 3 of 5

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

The full step-by-step solution to problem: 37E from chapter: 2 was answered by , our top Business solution expert on 08/23/17, 08:36AM. Basic Statistics for Business and Economics was written by and is associated to the ISBN: 9780077384470. Since the solution to 37E from 2 chapter was answered, more than 4900 students have viewed the full step-by-step answer. The answer to “A chain of sport shops catering to beginning skiers, headquartered in Aspen, Colorado, plans to conduct a study of how much a beginning skier spends on his or her initial purchase of equipment and supplies. Based on these figures, it wants to explore the possibility of offering combinations, such as a pair of boots and a pair of skis, to induce customers to buy more. A sample of cash register receipts revealed these initial purchases:$140$82$265$168$90$114$172$230$1428612523521217114915616211813914913210516212621619512716113517222022912987128126175127149126121118172126 a. Arrive at a suggested class interval. Use six classes, and let the lower limit of the first class be $70.________________b. What would be a better class interval?________________c. Organize the data into a frequency distribution using a lower limit of $80.________________d. Interpret your findings.” is broken down into a number of easy to follow steps, and 119 words. This textbook survival guide was created for the textbook: Basic Statistics for Business and Economics , edition: 7. This full solution covers the following key subjects: class, Limit, pair, Lower, these. This expansive textbook survival guide covers 6 chapters, and 325 solutions.

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A chain of sport shops catering to beginning skiers,