Sbe8 SM02

Chapter2
DescriptiveStatistics:Tabularand
GraphicalMethods
LearningObjectives
1.
Learnhowtoconstructandinterpretsummarizationproceduresforqualitativedatasuchas:
frequencyandrelativefrequencydistributions,bargraphsandpiecharts.
2.
Learnhowtoconstructandinterprettabularsummarizationproceduresforquantitativedatasuchas:
frequencyandrelativefrequencydistributions,cumulativefrequencyandcumulativerelative
frequencydistributions.
3.
Learnhowtoconstructadotplot,ahistogram,andanogiveasgraphicalsummariesofquantitative
data.
4.
Beabletouseandinterprettheexploratorydataanalysistechniqueofastemandleafdisplay.
5.
Learnhowtoconstructandinterpretcrosstabulationsandscatterdiagramsofbivariatedata.
21
Chapter2
Solutions:
1.
Class
A
B
C
2.
a.
1(.22+.18+.40)=.20
b.
.20(200)=40
Frequency
60
24
36
120
Relative Frequency
60/120 = 0.50
24/120 = 0.20
36/120 = 0.30
1.00
c/d
Class
A
B
C
D
Total
3.
a.
360x58/120=174
b.
360x42/120=126
Frequency
.22(200)=44
.18(200)=36
.40(200)=80
.20(200)=40
200
PercentFrequency
22
18
40
20
100
c.
No
Opinion
16.7%
Yes
48.3%
No
35%
22
DescriptiveStatistics:TabularandGraphicalMethods
d.
70
60
Frequency
50
40
30
20
10
0
Yes
No
No Opinion
Response
4.
a.
Thedataarequalitative.
b.
TVShow
Millionaire
Frasier
ChicagoHope
Charmed
Total:
Frequency
24
15
7
4
50
23
Percent
Frequency
48
30
14
8
100
Chapter2
c.
30
Frequency
25
20
15
10
5
0
Millionaire
Frasier
Chicago
Charmed
TV Show
Charmed
8%
Chicago
14%
Millionaire
48%
Frasier
30%
d.
5.
Millionairehasthelargestmarketshare.Frasierissecond.
a.
Major
Management
Accounting
RelativeFrequency
55/216=0.25
51/216=0.24
24
PercentFrequency
25
24
Finance
Marketing
Total
28/216=0.13
82/216=0.38
1.00
13
38
100
b.
90
80
Frequency
70
60
50
40
30
20
10
0
Management
Accounting
Finance
Major
c.
PieChart
Management
25%
Marketing
38%
6.
Accounting
24%
Finance
13%
a.
Book
7Habits
Frequency
10
25
PercentFrequency
16.66
Marketing
Chapter2
Millionaire
Motley
Dad
WSJGuide
Other
Total:
16
9
13
6
6
60
26.67
15.00
21.67
10.00
10.00
100.00
TheErnst&YoungTaxGuide2000withafrequencyof3,InvestingforDummieswithafrequency
of2,andWhatColorisYourParachute?2000withafrequencyof1aregroupedinthe"Other"
category.
b.
Therankorderfromfirsttofifthis:Millionaire,Dad,7Habits,Motley,andWSJGuide.
c.
ThepercentofsalesrepresentedbyTheMillionaireNextDoorandRichDad,PoorDadis48.33%.
7.
Rating
Outstanding
Very Good
Good
Average
Poor
Frequency
19
13
10
6
2
50
Relative Frequency
0.38
0.26
0.20
0.12
0.04
1.00
Managementshouldbepleasedwiththeseresults.64%oftheratingsareverygoodtooutstanding.
84%oftheratingsaregoodorbetter.Comparingtheseratingswithpreviousresultswillshow
whetherornottherestaurantismakingimprovementsinitsratingsoffoodquality.
8.
a.
Position
Pitcher
Catcher
1st Base
2nd Base
3rd Base
Shortstop
Left Field
Center Field
Right Field
9.
Frequency
17
4
5
4
2
5
6
5
7
55
Relative Frequency
0.309
0.073
0.091
0.073
0.036
0.091
0.109
0.091
0.127
1.000
b.
Pitchers(Almost31%)
c.
3rdBase(34%)
d.
RightField(Almost13%)
e.
Infielders(16or29.1%)toOutfielders(18or32.7%)
a/b.
Starting Time
7:00
7:30
8:00
Frequency
3
4
4
26
Percent Frequency
15
20
20
8:30
9:00
7
2
20
27
35
10
100
Chapter2
c.
BarGraph
8
7
Frequency
6
5
4
3
2
1
0
7:00
7:30
8:00
8:30
9:00
Starting Time
d.
9:00
10%
7:00
15%
7:30
20%
8:30
35%
8:00
20%
e.
10. a.
Themostpreferredstartingtimeis8:30a.m..Startingtimesof7:30and8:00a.m.arenext.
Thedatarefertoqualitylevelsofpoor,fair,good,verygoodandexcellent.
b.
Rating
Poor
Fair
Good
Very Good
Excellent
Frequency
2
4
12
24
18
60
28
Relative Frequency
0.03
0.07
0.20
0.40
0.30
1.00
29
Chapter2
c.
BarGraph
30
Frequency
25
20
15
10
5
0
Poor
Fair
Good
Very Good
Excellent
Rating
PieChart
Fair
Poor
3%
7%
Good
20%
Excellent
30%
d.
VeryGood
40%
Thecourseevaluationdataindicateahighqualitycourse.Themostcommonratingisverygood
withthesecondmostcommonbeingexcellent.
11.
Class
1214
1517
1820
2123
2426
Frequency
2
8
11
10
9
RelativeFrequency
PercentFrequency
0.050
0.200
0.275
0.250
0.225
5.0
20.0
27.5
25.5
22.5
210
Total
40
1.000
100.0
12.
Class
less than
less than
less than
less than
less than
Cumulative Frequency
10
24
41
48
50
or equal to 19
or equal to 29
or equal to 39
or equal to 49
or equal to 59
Cumulative Relative Frequency

.20
.48
.82
.96
1.00
13.
18
16
14
Frequency
12
10
8
6
4
2
0
10-19
20-29
30-39
40-49
50-59
1.0
.8
.6
.4
.2
10
20
30
211
40
50
60
Chapter2
14. a.
b/c.
Class
6.0 - 7.9
8.0 - 9.9
10.0 - 11.9
12.0 - 13.9
14.0 - 15.9
Frequency
4
2
8
3
3
20
Percent Frequency
20
10
40
15
15
100
15. a/b.
Waiting Time
0-4
5-9
10 - 14
15 - 19
20 - 24
Totals
Frequency
4
8
5
2
1
20
Relative Frequency
0.20
0.40
0.25
0.10
0.05
1.00
c/d.
Waiting Time
Less than or equal to 4
e.
4
12
17
19
20

0.20
0.60
0.85
0.95
1.00
12/20=0.60
16. a.
StockPrice($)
10.0019.99
20.0029.99
30.0039.99
40.0049.99
50.0059.99
60.0069.99
Total
Relative
Frequency
0.40
0.16
0.24
0.08
0.04
0.08
1.00
Frequency
10
4
6
2
1
2
25
212
Percent
Frequency
40
16
24
8
4
8
100
12
Frequency
10
8
6
4
2
0
10.0019.99
20.0029.99
30.0039.99
40.0049.99
50.0059.99
60.0069.99
Stock Price
Manyofthesearelowpricedstockswiththegreatestfrequencyinthe$10.00to$19.99range.
b.
Earningsper
Share($)
3.00to2.01
2.00to1.01
1.00to0.01
0.00to0.99
1.00to1.99
2.00to2.99
Total
Relative
Frequency
0.08
0.00
0.08
0.36
0.36
0.12
1.00
Frequency
2
0
2
9
9
3
25
213
Percent
Frequency
8
0
8
36
36
12
100
Frequency
Chapter2
10
9
8
7
6
5
4
3
2
1
0
-3.00 to
-2.01
-2.00 to
-1.01
-1.00 to
-0.01
0.00 to
0.99
1.00 to
1.99
2.00 to
2.99
Earnings per Share

Themajorityofcompanieshadearningsinthe$0.00to$2.00range.Fourofthecompanieslost
money.
17.
Call Duration
2 - 3.9
4 - 5.9
6 - 7.9
8 - 9.9
10 - 11.9
Totals
Frequency
5
9
4
0
2
20
Relative Frequency
0.25
0.45
0.20
0.00
0.10
1.00
Frequency
Histogram
10
9
8
7
6
5
4
3
2
1
0
2.0 - 3.9
4.0 - 5.9
6.0 - 7.9
Call Duration
214
8.0 - 9.9
10.0 - 11.9
18. a.
Lowestsalary:$93,000
Highestsalary:$178,000
b.
Salary
($1000s)
91105
106120
121135
136150
151165
166180
Total
c.
Proportion$135,000orless:20/50.
d.
Percentagemorethan$150,000:24%
Frequency
Relative
Frequency
0.08
0.10
0.22
0.36
0.18
0.06
1.00
Frequency
4
5
11
18
9
3
50
Percent
Frequency
8
10
22
36
18
6
100
20
18
16
14
12
10
8
6
4
2
0
91-105
106-120 121-135 136-150 151-165 166-180

Salary ($1000s)
e.
19. a/b.
Number
140 - 149
150 - 159
160 - 169
170 - 179
180 - 189
190 - 199
Totals
Frequency
2
7
3
6
1
1
20
215
Relative Frequency
0.10
0.35
0.15
0.30
0.05
0.05
1.00
Chapter2
c/d.
Number
Less than
Less than
Less than
Less than
Less than
Less than
2
9
12
18
19
20
or equal to 149
or equal to 159
or equal to 169
or equal to 179
or equal to 189
or equal to 199

0.10
0.45
0.60
0.90
0.95
1.00
e.
F requ en cy
20
15
10
5
140
20. a.
160
180
200
Thepercentageofpeople34orlessis20.0+5.7+9.6+13.6=48.9.
b.
Thepercentageofthepopulationthatisbetween25and54yearsoldinclusivelyis
13.6+16.3+13.5=43.4
c.
Thepercentageofthepopulationover34yearsoldis
16.3+13.5+8.7+12.6=51.1
d.
Thepercentagelessthan25yearsoldis20.0+5.7+9.6=35.3.
Sothereare(.353)(275)=97.075millionpeoplelessthan25yearsold.
e.
Anestimateofthenumberofretiredpeopleis(.5)(.087)(275)+(.126)(275)=46.6125million.
21. a/b.
Computer
Usage(Hours)
0.0
2.9
3.0
5.9
6.0
8.9
9.0 11.9
12.0 14.9
Total
Frequency
5
28
8
6
3
50
216
Relative
Frequency
0.10
0.56
0.16
0.12
0.06
1.00
c.
30
Frequency
25
20
15
10
5
0
0.0 - 2.9
3.0 - 5.9
6.0 - 8.9
9.0 - 11.9 12.0 - 14.9
Computer Usage (Hours)

d.
60
50
F re q u n c y
40
30
20
10
0
12
15
ComputerUsage(Hours)
e.
Themajorityofthecomputerusersareinthe3to6hourrange.Usageissomewhatskewedtoward
therightwith3usersinthe12to15hourrange.
217
Chapter2
22.
578
6458
70225568
80235
23.
LeafUnit=0.1
63
7557
81348
936
10045
113
24.
LeafUnit=10
116
1202
13067
14227
155
16028
17023
218
25.
989
102466
11457889
122457
1312
144
151
26.
LeafUnit=0.1
0
47899
129
00135568
49
5
6
7
219
Chapter2
27.
413667
500389
60114457799
7000134455666788
801134457789
90227
or
413
4667
5003
589
601144
657799
70001344
755666788
8011344
857789
9022
97
220
28. a.
0
58
113344
567899
233355
68
3
3
6779
78
5
5
6
b.
2000P/E
Forecast
59
1014
1519
2024
2529
3034
3539
4044
4549
5054
5559
6064
Total
Frequency
2
6
6
6
2
0
4
1
2
0
0
1
30
29. a.
221
Percent
Frequency
6.7
20.0
20.0
20.0
6.7
0.0
13.3
3.3
6.7
0.0
0.0
3.3
100.0
Chapter2
y
Total
11
13
10
12
Total
18
12
30
Total
100.0
0.0
100.0
84.6
15.4
100.0
16.7
83.3
100.0
b.
c.
d.
27.8
0.0
61.1
16.7
11.1
83.3
Total
100.0
100.0
CategoryAvaluesforxarealwaysassociatedwithcategory1valuesfory.CategoryBvaluesfor
xareusuallyassociatedwithcategory1valuesfory.CategoryCvaluesforxareusually
associatedwithcategory2valuesfory.
30. a.
222
56
40
24
8
-8
-24
-40
-40
-30
-20
-10
10
20
30
40
x
b.
Thereisanegativerelationshipbetweenxandy;ydecreasesasxincreases.
31.
QualityRating
Good
VeryGood
Excellent
Total
1019
53.8
43.6
2.6
100.0
MealPrice
($)
2029
33.9
54.2
11.9
100.0
3039
2.7
60.5
36.8
100.0
4049
0.0
21.4
78.6
100.0
Asthemealpricegoesup,thepercentageofhighqualityratingsgoesup.Apositiverelationship
betweenmealpriceandqualityisobserved.
32. a.
Sales/Margins/ROE
A
B
C
D
E
Total
019
EPSRating
2039
4059
1
1
3
4
1
2
4
4
1
1
6
6079
1
5
2
1
80100
8
2
3
13
6079
11.11
41.67
28.57
20.00
80100
88.89
16.67
42.86
Total
9
12
7
5
3
36
b.
Sales/Margins/ROE
A
B
C
D
E
019
EPSRating
2039
4059
8.33
14.29
60.00
20.00
66.67
33.33
14.29
33.33
223
Total
100
100
100
100
100
Chapter2
HigherEPSratingsseemtobeassociatedwithhigherratingsonSales/Margins/ROE.Ofthose
companieswithan"A"ratingonSales/Margins/ROE,88.89%ofthemhadanEPSRatingof80or
higher.Ofthe8companieswitha"D"or"E"ratingonSales/Margins/ROE,only1hadanEPS
ratingabove60.
33. a.
Sales/Margins/ROE
A
B
C
D
E
Total
A
1
1
1
1
4
IndustryGroup
RelativeStrength
B
C
2
2
5
2
3
1
1
2
11
7
D
4
3
2
1
10
1
1
2
Total
9
12
7
5
3
36
b/c. ThefrequencydistributionsfortheSales/Margins/ROEdataisintherightmostcolumnofthe
crosstabulation.ThefrequencydistributionfortheIndustryGroupRelativeStrengthdataisinthe
bottomrowofthecrosstabulation.
d.
Oncethecrosstabulationiscomplete,theindividualfrequencydistributionsareavailableinthe
margins.
34. a.
80
Re lative Price Stre ngth
70
60
50
40
30
20
10
0
0
20
40
60
80
100
120
EPS Rating
b.
OnemightexpectstockswithhigherEPSratingstoshowgreaterrelativepricestrength.However,
thescatterdiagramusingthisdatadoesnotsupportsucharelationship.
Thescatterdiagramappearssimilartotheoneshowing"NoApparentRelationship"inFigure2.19.
35. a.
224
900.0
800.0
Gaming Re ve nue
700.0
600.0
500.0
400.0
300.0
200.0
100.0
0.0
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
Hotel Reve nue
b.
Thereappearstobeapositiverelationshipbetweenhotelrevenueandgamingrevenue.Higher
valuesofhotelrevenueareassociatedwithhighervaluesofgamingrevenue.
36. a.
Vehicle
FSeries
Silverado
Taurus
Camry
Accord
Total
b.
Frequency
17
12
8
7
6
50
PercentFrequency
34
24
16
14
12
100
ThetwotopsellingvehiclesaretheFordFSeriesPickupandtheChevroletSilverado.
225
800.0
Chapter2
Accord
12%
F-Series
34%
Camry
14%
Taurus
16%
Silverado
24%
c.
37. a/b.
Industry
Beverage
Chemicals
Electronics
Food
Aerospace
Totals:
Frequency
2
3
6
7
2
20
226
Percent Frequency
10
15
30
35
10
100
8
7
Frequency
6
5
4
3
2
1
0
Beverage
Chemicals
Electronics
Food
Aerospace
Industry
c.
38. a.
Movie
BlairWitchProject
PhantomMenace
Beloved
PrimaryColors
TrumanShow
c.
39. ad.
Frequency
PercentFrequency
159
36.0
89
20.2
85
19.3
57
12.9
51
11.6
Total
441
100.0
Thepercentofmailpertainingto1999coverstoriesis36.0+20.2=56.2%
b.
Truman
12%
Colors
13%
Witch
36%
Beloved
19%
Phantom
20%
227
Chapter2
Sales
0499
500999
10001499
15001999
20002499
Total
Relative
Frequency
0.65
0.15
0.00
0.15
0.05
1.00
Frequency
13
3
0
3
1
20
Cumulative
Frequency
13
16
16
19
20
Cumulative
Relative
Frequency
0.65
0.80
0.80
0.95
1.00
e.
14
12
Frequency
10
8
6
4
2
0
0-499
500-999
1000-1499
1500-1999
Sales
40. a.
Closing Price
0 - 9 7/8
10 - 19 7/8
20 - 29 7/8
30 - 39 7/8
40 - 49 7/8
50 - 59 7/8
60 - 69 7/8
70 - 79 7/8
Totals
Frequency
9
10
5
11
2
2
0
1
40
b.
228
Relative Frequency
0.225
0.250
0.125
0.275
0.050
0.050
0.000
0.025
1.000
2000-2499
Closing Price
Less than or equal to 9 7/8
9
19
24
35
37
39
39
40

0.225
0.475
0.600
0.875
0.925
0.975
0.975
1.000
c.
12
Frequency
10
8
6
4
2
0
5
15
25
35
45
55
65
75
Closing Price
d.
Over87%ofcommonstockstradeforlessthan$40ashareand60%tradeforlessthan$30per
share.
41. a.
Exchange
American
NewYork
OvertheCounter
Frequency
3
2
15
20
Relative
Frequency
0.15
0.10
0.75
1.00
b.
EarningsPer
Share
0.000.19
0.200.39
0.400.59
0.600.79
0.800.99
Frequency
7
7
1
3
2
20
229
Relative
Frequency
0.35
0.35
0.05
0.15
0.10
1.00
Chapter2
Seventypercentoftheshadowstockshaveearningspersharelessthan$0.40.ItlookslikelowEPS
shouldbeexpectedforshadowstocks.
PriceEarning
Ratio
0.009.9
10.019.9
20.029.9
30.039.9
40.049.9
50.059.9
Frequency
3
7
4
3
2
1
20
Relative
Frequency
0.15
0.35
0.20
0.15
0.10
0.05
1.00
PERatiosvaryconsiderably,butthereisasignificantclusterinthe1019.9range.
42.
Income($)
18,00021,999
22,00025,999
26,00029,999
30,00033,999
34,00037,999
Total
Frequency
13
20
12
4
2
51
Relative
Frequency
0.255
0.392
0.235
0.078
0.039
1.000
25
Fre que ncy
20
15
10
0
18,000 - 21,999
22,000 - 25,999
26,000 - 29,999
Pe r Capita Income
230
30,000 - 33,999
34,000 - 37,999
43. a.
089
102223444
1556666778888999
2012223444
2568
3013
b/c/d.
Number Answered
Correctly
5-9
10 - 14
15 - 19
20 - 24
25 - 29
30 - 34
Totals
e.
Relative
Frequency
0.050
0.200
0.375
0.225
0.075
0.075
1.000
Frequency
2
8
15
9
3
3
40
Cumulative
Frequency
2
10
25
34
37
40
Relativelyfewofthestudents(25%)wereabletoanswer1/2ormoreofthequestionscorrectly.
ThedataseemtosupporttheJointCouncilonEconomicEducationsclaim.However,thedegree
ofdifficultyofthequestionsneedstobetakenintoaccountbeforereachingafinalaconclusion.
44. a/b.
High Temperature
Low Temperature
3 6 8
0 0 0 2 4 4 5 5 7 9
1 4 4 4 4 6 8
1 8
3 5 7 9
2 4 5 5
0 1 1 4 6
0 2 3
c.
Itisclearthattherangeoflowtemperaturesisbelowtherangeofhightemperatures.Lookingat
thestemandleafdisplayssidebyside,itappearsthattherangeoflowtemperaturesisabout20
degreesbelowtherangeofhightemperatures.
d.
Therearetwostemsshowinghightemperaturesof80degreesorhigher.Theyshow8citieswith
hightemperaturesof80degreesorhigher.
231
Chapter2
e.
Frequency
HighTemp.
Low.Temp.
0
1
0
3
1
10
7
2
4
4
5
0
3
0
20
20
Temperature
3039
4049
5059
6069
7079
8089
9099
Total
Low Temperature
45. a.
80
75
70
65
60
55
50
45
40
35
30
40
50
60
70
80
90
100
High Temperature
b.
Thereisclearlyapositiverelationshipbetweenhighandlowtemperatureforcities.Asonegoesup
sodoestheother.
46. a.
Occupation
Cabinetmaker
Lawyer
PhysicalTherapist
SystemsAnalyst
Total
3039
4049
2
7
SatisfactionScore
5059 6069 7079
2
4
3
2
1
1
5
2
1
1
4
3
10
11
8
3039
4049
SatisfactionScore
5059 6069 7079
8089
1
Total
10
10
10
10
40
8089
Total
b.
Occupation
232
Cabinetmaker
Lawyer
PhysicalTherapist
SystemsAnalyst
c.
10
20
20
50
10
50
20
40
10
20
40
30
10
10
30
10
20
100
100
100
100
Eachrowofthepercentcrosstabulationshowsapercentfrequencydistributionforanoccupation.
Cabinetmakersseemtohavethehigherjobsatisfactionscoreswhilelawyersseemtohavethe
lowest.Fiftypercentofthephysicaltherapistshavemediocrescoresbuttherestareratherhigh.
47. a.
40,000
35,000
Re venue $mil
30,000
25,000
20,000
15,000
10,000
5,000
0
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
Employe es
b.
Thereappearstobeapositiverelationshipbetweennumberofemployeesandrevenue.Asthe
numberofemployeesincreases,annualrevenueincreases.
48. a.
Fuel
Type
YearConstructed Elec Nat.Gas
1973orbefore
40
183
19741979
24
26
19801986
37
38
19871991
48
70
Total 149
317
Oil
12
2
1
2
17
Propane Other
5
7
2
0
0
6
0
1
7
14
Total
247
54
82
121
504
b.
YearConstructed
1973orbefore
19741979
19801986
19871991
Total
Frequency
247
54
82
121
504
FuelType
Electricity
Nat.Gas
Oil
Propane
Other
Total
233
Frequency
149
317
17
7
14
504
100,000
Chapter2
c.
CrosstabulationofColumnPercentages
YearConstructed
1973orbefore
19741979
19801986
19871991
Total
d.
Oil Propane Other

70.5
71.4
50.0
11.8
28.6
0.0
5.9
0.0
42.9
11.8
0.0
7.1
100.0 100.0 100.0
Crosstabulationofrowpercentages.
YearConstructed
1973orbefore
19741979
19801986
19871991
e.
Elec
26.9
16.1
24.8
32.2
100.0
Fuel
Type
Nat.Gas
57.7
8.2
12.0
22.1
100.0
Fuel
Type
Elec Nat.Gas
16.2
74.1
44.5
48.1
45.1
46.4
39.7
57.8
Oil
4.9
3.7
1.2
1.7
Propane Other
2.0
2.8
3.7
0.0
0.0
7.3
0.0
0.8
Total
100.0
100.0
100.0
100.0
Observationsfromthecolumnpercentagescrosstabulation
Forthosebuildingsusingelectricity,thepercentagehasnotchangedgreatlyovertheyears.Forthe
buildingsusingnaturalgas,themajoritywereconstructedin1973orbefore;thesecondlargest
percentagewasconstructedin19871991.Mostofthebuildingsusingoilwereconstructedin1973
orbefore.Allofthebuildingsusingpropaneareolder.
Observationsfromtherowpercentagescrosstabulation
MostofthebuildingsintheCG&Eserviceareauseelectricityornaturalgas.Intheperiod1973or
beforemostusednaturalgas.From19741986,itisfairlyevenlydividedbetweenelectricityand
naturalgas.Since1987almostallnewbuildingsareusingelectricityornaturalgaswithnaturalgas
beingtheclearleader.
49. a.
Crosstabulationforstockholder'sequityandprofit.
Stockholders'Equity($000)
01200
12002400
24003600
36004800
48006000
Total
b.
0200
10
4
4
200400
1
10
3
18
2
16
CrosstabulationofRowPercentages.
234
Profits($000)
400600
600800
3
6
1
2
8001000
10001200
1
2
1
1
1
2
Total
12
16
13
3
6
50
Stockholders'Equity($1000s)
01200
12002400
24003600
36004800
48006000
c.
50. a.
0200
83.33
25.00
30.77
0.00
51. a.
8001000
0.00
12.50
7.69
33.33
0.00
10001200
8.33
0.00
7.69
66.67
0.00
0300
23
4
27
Profit($1000s)
300600
600900
4
4
2
2
1
1
2
2
1
13
6
9001200
Total
27
12
4
4
3
50
9001200
0.00
16.67
25.00
25.00
0.00
Total
100
100
100
100
100
2
1
1
CrosstabulationofRowPercentages.
MarketValue($1000s)
08000
800016000
1600024000
2400032000
3200040000
c.
Profits($000)
400600
600800
0.00
0.00
0.00
0.00
23.08
7.69
0.00
0.00
50.00
16.67
Stockholder'sequityandprofitseemtoberelated.Asprofitgoesup,stockholder'sequitygoesup.
Therelationship,however,isnotverystrong.
Crosstabulationofmarketvalueandprofit.
MarketValue($1000s)
08000
800016000
1600024000
2400032000
3200040000
Total
b.
200400
8.33
62.50
23.08
0.00
33.33
0300
85.19
33.33
0.00
0.00
0.00
Profit($1000s)
300600
600900
14.81
0.00
33.33
16.67
50.00
25.00
25.00
50.00
66.67
33.33
ThereappearstobeapositiverelationshipbetweenProfitandMarketValue.Asprofitgoesup,
MarketValuegoesup.
ScatterdiagramofProfitvs.Stockholder'sEquity.
235
Total
100
100
100
100
100
Chapter2
1400.0
1200.0
Profit ($1000s)
1000.0
800.0
600.0
400.0
200.0
0.0
0.0
1000.0
2000.0
3000.0
4000.0
5000.0
Stockholder's Equity ($1000s)

b.
52. a.
ProfitandStockholder'sEquityappeartobepositivelyrelated.
ScatterdiagramofMarketValueandStockholder'sEquity.
236
6000.0
7000.0
Market Value ($1000s)
45000.0
40000.0
35000.0
30000.0
25000.0
20000.0
15000.0
10000.0
5000.0
0.0
0.0
1000.0
2000.0
3000.0
4000.0
5000.0
6000.0
Stockholder's Equity ($1000s)

b.
ThereisapositiverelationshipbetweenMarketValueandStockholder'sEquity.
237
7000.0

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Chapter2

Cumulative Relative Frequency

Cumulative Relative Frequency

Earnings per Share

106-120 121-135 136-150 151-165 166-180

Cumulative Relative Frequency

9.0 - 11.9 12.0 - 14.9

Computer Usage (Hours)

Re lative Price Stre ngth

Hotel Reve nue

Cumulative Relative Frequency

Fre que ncy

Oil Propane Other

Stockholder's Equity ($1000s)

Market Value ($1000s)

Stockholder's Equity ($1000s)

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