MindTap Business Statistics, 1 term (6 months) Printed Access Card for Anderson/Sweeney/Williams/Camm/Cochran's Essentials of Statistics for Business and Economics, 8th
MindTap Business Statistics, 1 term (6 months) Printed Access Card for Anderson/Sweeney/Williams/Camm/Cochran's Essentials of Statistics for Business and Economics, 8th
8th Edition
ISBN: 9781337114288
Author: Anderson, David R.; Sweeney, Dennis J.; Williams, Thomas A.; Camm, Jeffrey D.; Cochran, James J.
Publisher: Cengage Learning
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Chapter 2.1, Problem 9E

a.

To determine

Construct the percent frequency distribution of field of study for each degree.

a.

Expert Solution
Check Mark

Answer to Problem 9E

The percent frequency distribution for bachelor’s degree is given below:

Bachelor’s degreeRelative frequencyPercent frequency
B0.2121%
CSE0.099%
E0.066%
H0.1616%
NSM0.088%
O0.2424%
SBS0.1616%
Total1.00100

The percent frequency distribution for Master’s degree is given below:

Master’s degreeRelative FrequencyPercent frequency
B0.2727%
CSE0.099%
E0.2424%
H0.088%
NSM0.022%
O0.2424%
SBS0.066%
Total1.00100

Explanation of Solution

Calculation:

The Country U provided 1.8 million bachelor’s degree and 750,000 master’s degree and a sample of 100 graduates is considered. The field of studies of graduates are, Business (B), Computer science and Engineering (CSE), Education (E), Natural sciences and Mathematics (NSM), Social and Behavioral sciences (SBS), and other (O).

For Bachelor’s degree:

Frequency:

The frequencies are calculated using the tally mark. Here, the number of times each class repeats is the frequency of that particular class.

Here, “B (business)” is the department type data that is repeated 21 times in the data set and thus, 21 is the frequency for the category business (B).

Similarly, the frequency of remaining types of network is given below:

Bachelor’s degreeTallyFrequency
B|||||||||||||||||21
CSE||||||||9
E|||||6
H|||||||||||||16
NSM|||||||||||||||8
O||||||||||||||||||||24
SBS|||||||||||||16
Total100

Relative frequency:

The general formula for the relative frequency is as follows:

RelativeFrequency = FrequencyTotal frequency

Therefore,

RelativeFrequencyfor B (Business)=21100=0.21

Similarly, the relative frequencies for the remaining types of classes (PPG) are obtained below:

Bachelor’s degreeFrequencyRelative frequency
B0.210.21
CSE0.090.09
E0.060.06
H0.160.16
NSM0.080.08
O0.240.24
SBS0.160.16
Total1.001.00

Percentage frequency distribution:

The general formula for the percent frequency is as follows:

Percent Frequency=RelativeFrequency×100

Therefore,

Percent Frequencyfor B "(Business)"=0.21×100=21%

The percent frequencies for the remaining types of categories of education fields for bachelor degree are obtained below:

Bachelor’s degreeRelative frequencyPercent frequency
B0.2121%
CSE0.099%
E0.066%
H0.1616%
NSM0.088%
O0.2424%
SBS0.1616%
Total1.00100

For Master’s degree:

Here, “B (business)” is the department type data that is repeated for 27 times in the data set and thus, 27 is the frequency for the category business (B).

Similarly, the frequency of remaining types of department fields is given below:

Master’s degreeTallyFrequency
B||||||||||||||||||||||27
CSE||||||||9
E||||||||||||||||||||24
H|||||||8
NSM||2
O||||||||||||||||||||24
SBS|||||6
Total100

Relative frequency:

RelativeFrequencyfor B (Business)=27100=0.27

Similarly, the relative frequencies for the remaining types of classes (PPG) are obtained below:

Master’s degreeFrequencyRelative frequency
B270.27
CSE90.09
E240.24
H80.08
NSM20.02
O240.24
SBS60.06
Total1001.00

Percentage frequency distribution:

Percent Frequencyfor B "(Business)"=0.27×100=27%

The percent frequencies for the remaining types of categories of education fields for master degree are obtained below:

Master’s degreeRelative FrequencyPercent frequency
B0.2727%
CSE0.099%
E0.2424%
H0.088%
NSM0.022%
O0.2424%
SBS0.066%
Total1.00100

b.

To determine

Construct the bar chart for each degree.

b.

Expert Solution
Check Mark

Answer to Problem 9E

The bar chart for bachelor’s degree is given below:

MindTap Business Statistics, 1 term (6 months) Printed Access Card for Anderson/Sweeney/Williams/Camm/Cochran's Essentials of Statistics for Business and Economics, 8th, Chapter 2.1, Problem 9E , additional homework tip  1

The bar chart for Master’s degree is given below:

MindTap Business Statistics, 1 term (6 months) Printed Access Card for Anderson/Sweeney/Williams/Camm/Cochran's Essentials of Statistics for Business and Economics, 8th, Chapter 2.1, Problem 9E , additional homework tip  2

Explanation of Solution

Calculation:

For Bachelor’s degree:

Software procedure:

Step-by-step procedure to draw the bar chart for bachelor’s degree using MINITAB software:

  • Choose Graph > Bar Chart.
  • From Bars represent, choose unique values from table.
  • Choose Simple. Click OK.
  • In Graph variables, enter the column of Bachelor’s degree.
  • Click OK.
  • For Master’s degree:

Software procedure:

Step-by-step procedure to draw the bar chart for Master’s degree using MINITAB software:

  • Choose Graph > Bar Chart.
  • From Bars represent, choose unique values from table.
  • Choose Simple. Click OK.
  • In Graph variables, enter the column of Master’s degree.
  • Click OK.

c.

To determine

Find the lowest percentage field of study for each degree.

c.

Expert Solution
Check Mark

Answer to Problem 9E

The lowest percentage for a Bachelor’ degree is Education.

The lowest percentage for a Master’s degree is Natural science and Mathematics.

Explanation of Solution

For Bachelor’ degree, the percentage for education is 6%, which is low when compared to other categories.

For Master’s degree, the percentage for Natural science and Mathematics is 2%, which is low when compared to other categories.

d.

To determine

Find the highest percentage field of study for each degree.

d.

Expert Solution
Check Mark

Answer to Problem 9E

The highest percentage for a Bachelor’ degree is Others.

The highest percentage for a Master’s degree is Business.

Explanation of Solution

For Bachelor’ degree, the percentage for others is 24%, which is high when compared to other categories.

For Master’s degree, the percentage for business is 27%, which is high when compared to other categories.

e.

To determine

Identify which field of study “Education” has the largest increase in percentage from bachelor’s to masters’.

e.

Expert Solution
Check Mark

Answer to Problem 9E

The field of study “Education” has the largest increase in percentage from bachelor’s to masters’.

Explanation of Solution

Calculation:

In order to the obtain the study field that has the largest increase in percentage from bachelor’s to

Master, the difference between two respective percentages is calculated.

Difference=Master's percent frequencyBachelor's percent frequency

Therefore,

Difference for Business(B)=Master's percent frequency(B)Bachelor's percent frequency(B)=27%21%=6%

The differences between two fields are tabulated below:

FieldBachelor’s Master’sDifference
B21%21%6%
CSE9%9%0%
E6%6%18%
H16%16%8%
NSM8%8%6%
O24%24%10%
SBS16%16%0%

From the table, it is observed that the field of study “Education” has the largest increase in percentage from bachelor’s to masters’.

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Chapter 2 Solutions

MindTap Business Statistics, 1 term (6 months) Printed Access Card for Anderson/Sweeney/Williams/Camm/Cochran's Essentials of Statistics for Business and Economics, 8th

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