Ten large industrial corporations yield the following data: Company | Sales (in Millions $) | Profits (in Millions $) | Assets (in Millions $) | Oil Corporation A. 126974. 4224 173297 96933. 160893 86656 83219 63438 77734 55264 128344 50976 39080 39069 38528 36156 35209 32416 ABCDEFGH-? B. с 3835 3510 3758 3939 1809 2946 359 2480 2413 a. What is the average profit of these 10 companies? b. What is the median of the profits? 51038 34715 25636 No No Yes No No Yes No No Yes Yes c. What could you in general tell about the distribution of a variable if its median is higher than its average? d. What is the range of profits? e. What is the general disadvantage of using the range as a measure for the spread of a variable? f. Which measure for the spread of a variable does not have this advantage?
Ten large industrial corporations yield the following data: Company | Sales (in Millions $) | Profits (in Millions $) | Assets (in Millions $) | Oil Corporation A. 126974. 4224 173297 96933. 160893 86656 83219 63438 77734 55264 128344 50976 39080 39069 38528 36156 35209 32416 ABCDEFGH-? B. с 3835 3510 3758 3939 1809 2946 359 2480 2413 a. What is the average profit of these 10 companies? b. What is the median of the profits? 51038 34715 25636 No No Yes No No Yes No No Yes Yes c. What could you in general tell about the distribution of a variable if its median is higher than its average? d. What is the range of profits? e. What is the general disadvantage of using the range as a measure for the spread of a variable? f. Which measure for the spread of a variable does not have this advantage?
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.3: Modeling Data With Power Functions
Problem 6E: Urban Travel Times Population of cities and driving times are related, as shown in the accompanying...
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Transcribed Image Text:Ten large industrial corporations yield the following data:
Company | Sales (in Millions $) | Profits (in Millions $) | Assets (in Millions $) | Oil Corporation
A.
126974.
4224
173297
B.
96933.
3835
160893
86656
3510
83219
63438
3758
77734
55264
3939
50976
39069
36156
35209
32416
BCDEFGH ->
с
a. What
b. What is the median of the profits?
1809
2946
359
2480
2413
is the average profit of these 10 companies?
128344
39080
38528
51038
34715
25636
No
No
Yes
No
No
Yes
No
No
Yes
Yes
c. What could you in general tell about the distribution of a variable if its median is higher than its average?
d. What is the range of profits?
e. What is the general disadvantage of using the range as a measure for the spread of a variable?
f. Which measure for the spread of a variable does not have this advantage?
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