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Following is the number of shareholders for a selected group of large companies (in thousands):
Company
Number ofShareholders(thousands)
Number of Shareholders (thousands)
Southwest Airlines
144
Standard Oil (Indiana) Home Depot
Detroit Edison Eastman Kodak Dow Chemical Pennsylvania Power
American Electric Power Ohio Edison Transamerica Corporation Columbia Gas System International Telephone &
Telegraph
Union Electric
Virginia Electric and Power Public Service Electric & Gas Consumers Power
173
General Public Utilities
177
195
Occidental Petroleum
266
220
Middle South Utilities
133
251
Chrysler
209
137
Standard Oil of California
264
150
Bethlehem Steel
160
262
Long Island Lighting
143
158
RCA
246
162
Greyhound Corporation
151
165
Pacific Gas & Electric
239
Niagara Mohawk Power
204
223
E. I. du Pont de Nemours
Westinghouse Electric
Union Carbide
176
225
BankAmerica
175
161
Northeast Utilities
200
The shareholder numbers are to be organized into a frequency distribution and several graphs drawn to portray the distribution.
a. Using seven classes and a lower limit of 130, construct a frequency distribution.
b. Portray the distribution as a frequency polygon.
c. Portray the distribution in a cumulative frequency polygon.
d. According to the polygon, three out of four (75 percent) of the companies have how many shareholders or less?
e. Write a brief analysis of the number of shareholders based on the frequency distribution and graphs.
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