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STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884
BuyFind

STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884

Solutions

Chapter
Section
Chapter 1, Problem 9SE
Textbook Problem
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The Commerce Department reported receiving the following applications for the Malcolm Baldrige National Quality Award: 23 from large manufacturing firms, 18 from large service firms, and 30 from small businesses.

  1. a. Is type of business a categorical or quantitative variable?
  2. b. What percentage of the applications came from small businesses?

Expert Solution

a.

To determine

Find if the type of business is categorical or quantitative variable.

Explanation of Solution

The given information is that the commerce department received applications for the Malcolm Baldrige National Quality Award. The number of applications received from the large manufacturing firms, large service firms, and small businesses are 23, 18, and 30, respectively.

Categorical variable:

Labels or names that are used for recognizing an attribute of each element is called the categorical data. That is, the data can be grouped under specific categories...

Expert Solution

b.

To determine

Find the percentage of applications that came from small business.

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