Describe about the Frequency Description Statistics.
Present below a frequency and relative frequency distribution for the net sales amounts for XYZ Apparel. Use the methodology presented and demonstrated in class.
|
Bin
|
Frequency
|
|
0
|
0
|
|
30
|
13
|
|
60
|
38
|
|
90
|
20
|
|
120
|
13
|
|
150
|
6
|
|
180
|
4
|
|
210
|
2
|
|
240
|
1
|
|
270
|
2
|
|
300
|
1
|
|
Bin
|
Relative Frequency
|
|
0
|
-
|
|
30
|
0.13
|
|
60
|
0.38
|
|
90
|
0.20
|
|
120
|
0.13
|
|
150
|
0.06
|
|
180
|
0.04
|
|
210
|
0.02
|
|
240
|
0.01
|
|
270
|
0.02
|
|
300
|
0.01
|
Present below the relative frequency histogram of net sales amount according to your distributions in part 23.
On the basis of the distribution you made above in part 23:
a. Is this distribution skewed or not? If it is skewed, which way?
Yes, the distribution is skewed. The distribution is positive skewed or right skewed
Is your conclusion in question 25.a consistent with your result stated in question10? (Pick either yes or no.) If it’s not, explain why.
Please refer to your answer to question no. 10
In general, as a class range of money, how much money is most typically spent at XYZ Apparel?
Most typically, money is spent in the range of 60-90.
As a percentage, generally how typical is this most typical range?
38% of the total sales amount fall in the range of 60-90
References
Tsiotas, G., Statistics: Descriptive Statistics & Probability.
Montgomery, D.C. and Runger, G.C., 2010. Applied statistics and probability for engineers. John Wiley & Sons.
