see attachment for instrusctions Document Preview: ECON XXXXXXXXXXGraded Assignment 1This assignment is to be prepared as a WORD document. It covers subject matter in Units 3, 4 and 5. This...

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ECON1005 2103-2014 Graded Assignment 1 This assignment is to be prepared as a WORD document. It covers subject matter in Units 3, 4 and 5. This assignment has an allocation of 10 marks. see marking guidelines below. Note that your assignment should be entitled: Your First Name Your Last Name ECON1005 Assignment #1. For example: Mary McDonaldECON1005 Assignment #1 QUESTION 1 [6 marks] The number of items sold per month at Company ABC was recorded and inputted into MINITAB for analysis. The following exhibits (Exhibits 1 and 2) were subsequently generated. Exhibit 1 Stem-and-Leaf Display: Sales Stem-and-leaf of Sales N = ? Leaf Unit = 10 32001423524527299738325)3445551136793897401113433145 [All relevant working must be shown.] continue overleaf.../ Exhibit 2 Descriptive Statistics: Sales VariableN N*MeanTrMean StDev Minimum Q1 Sales? 0343.3344.9 76.2 202.0 292.3 VariableMedianQ3Maximum Sales ??408.3??? Determine the missing values of "?"," ??" and "???" from the information in Exhibits 1 and 2.[3 marks] Is the distribution of the number of items sold symmetric? Give reasons for your answer.[3 marks] QUESTION 2 [44 marks] (a) A researcher is interested in investigating the age distribution (18-24, 25-34, 35-44, 45-54, 55-64, 65+) of adult online social network users (for example: Facebook, Twitter, LinkedIn, Pinterest, MySpace etc). He surveyed 100 randomly selected adult online social network users to gather data on their age. The data gathered was summarized in the table below. Age IntervalFrequency18 - 241825 - 342635 - 442745 - 542055 - 64765+2TOTAL100 (i) For each of the following charts, state whether it could be suitable to represent the age distribution of social network users summarized in the table above: a bar chart, histogram, stem-and-leaf diagram, box-and-whisker diagram? Give reason for your answer.[8 marks] continue overleaf.../ Estimate the mean age of the...



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Answer To: see attachment for instrusctions Document Preview: ECON XXXXXXXXXXGraded Assignment 1This...

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ECON1005 2103-2014 Graded Assignment 1
This assignment is to be prepared as a WORD document. It covers subject matter in Units 3, 4
and 5. This assignm
ent has an allocation of 10 marks. see marking guidelines below.
Note that your assignment should be entitled: Your First Name
Your Last Name ECON1005 Assignment #1. For example: Mary McDonaldECON1005
Assignment #1
QUESTION 1 [6 marks]
The number of items sold per month at Company ABC was recorded and inputted into
MINITAB for analysis. The following exhibits (Exhibits 1 and 2) were subsequently
generated.
Exhibit 1
Stem-and-Leaf Display: Sales
Stem-and-leaf of Sales N = 24
Leaf Unit = 10
[All relevant working must be shown.]
continue overleaf.../
3 2 001
4 2 3
5 2 4
5 2
7 2 99
7 3
8 3 2
5) 3 44555
11 3 67
9 3 89
7 4 0111
3 4 33
1 4 5
Exhibit 2
Descriptive Statistics: Sales
Variable N N* Mean TrMean StDev Minimum Q1
Sales 24 0 343.3 344.9 76.2 202.0 292.3
Variable Median Q3 Maximum
Sales 350 408.3 450
(a) Determine the missing values of "?"," ??" and "???" from the information in
Exhibits 1 and 2. [3 marks]
(b) Is the distribution of the number of items sold symmetric? Give reasons for your
answer. [3 marks]
QUESTION 2 [44 marks]
(a) A researcher is interested in investigating the age distribution (18-24, 25-34, 35-44,
45-54, 55-64, 65+) of adult online social network users (for example: Facebook, Twitter,
LinkedIn, Pinterest, MySpace etc). He surveyed 100 randomly selected adult online
social network users to gather data on their age. The data gathered was summarized in the
table...
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