Develope a cumulative frequency distribution

Reference no: EM13202458

Missy Walters owns a mail-order business specializing in clothing, linens, and furniture for children. She is considering offering her customers a discount on shipping charges for furniture based on the dollar-amount of the furniture order. Before Missy decides the discount policy, she needs a better understanding of the dollar-amount distribution of the furniture orders she receives.

Missy had an assistant randomly select 50 recent orders that included furniture. The assistant recorded the value, to the nearest dollar, of the furniture portion of each order. The data collected is listed below.
136 281 226 123 178 445 231 389 196 175
211 162 212 241 182 290 434 167 246 338
194 242 368 258 323 196 183 209 198 212
277 348 173 409 264 237 490 222 472 248
231 154 166 214 311 141 159 362 189 260

a. Prepare a frequency distribution, relative frequency distribution, and percent frequency distribution for the data set using a class width of $50.
b. Construct a histogram showing the percent frequency distribution of the furniture-order values in the sample.
c. Develop a cumulative frequency distribution and a cumulative percent frequency distribution for this data.

Reference no: EM13202458

Questions Cloud

What is the current profit to the exporter : BMW sells 5,000 vehicles in the US. The export price is €40,000. The exchange rate is €1= $1.25. US price elasticity of demand for the German import, in terms of the $ price, is-2. The cost of each vehicle is €30,000. What is the current € profit ..

Determine does the bank now hold excess reserves : Suppose a depositor comes to the bank and withdraws $200 in cash. Show the banks new balance sheet assuming the bank obtains the cash by drawing down its reserves. Does the bank now hold excess reserves Is it meeting the required reserve ratio

Define the marginal revenue curve at an output level : At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve.

What is annual rate of return with continuous compounding : The interest rates in Canada and the United States are 6% and 5% per annum, respectively, with continuous compounding. The spot price of the Canadian dollar is $0.8000.

Develope a cumulative frequency distribution : Missy Walters owns a mail-order business specializing in clothing, linens, and furniture for children. She is considering offering her customers a discount on shipping charges for furniture based on the dollar-amount of the furniture order.

Determine percent frequency distribution of the car colors : Roger believes the colors chosen by customers who special-order their cars best reflect most customers' true color preferences. He has taken a random sample of 40 special orders for Mustang coupes placed in the past year. The new color options are..

Is the firm charging the optimal price for thimajigs : Suppose Thimajigs have a variable cost of $10 per unit and currently sell for $25. Price elasticity of demand for Thimajigs Et = -3.0 (A) Is the firm charging the optimal price for Thimajigs Demonstrate how you know.(B) Should the price be changed I..

What are the optimal markups for widgets and gadgets : what are the optimal markups for widgets and gadgets Marginal revenue = Price(1 + 1/Price elasticity) since price is positive (always) so we can ignore that part when determining the sign of MR MR is negative if 1+1/elasticity is negative and positiv..

Which programs can the us do without right : Do you have any suggestions for where the government may need to cut spending to lessen the deficit that is increasing due to the tax cut Which programs can the U.S do without right now

User Account

All Pages