Podcast
Questions and Answers
In a frequency distribution table, what does the 'frequency' represent?
In a frequency distribution table, what does the 'frequency' represent?
- The range of values within each category.
- The count of each category of the variable. (correct)
- The total value of all variables.
- The average of all categories.
The sum of all relative frequencies in a frequency distribution must equal 100.
The sum of all relative frequencies in a frequency distribution must equal 100.
False (B)
If a car dealership sold a total of 500 cars, and 125 of them were SUVs, what is the relative frequency of SUVs?
If a car dealership sold a total of 500 cars, and 125 of them were SUVs, what is the relative frequency of SUVs?
0.25
To calculate the percent frequency, you multiply the relative frequency by ______.
To calculate the percent frequency, you multiply the relative frequency by ______.
A car dealership sold 400 cars in a month. If the relative frequency of sedans is 0.35, the relative frequency of trucks is 0.4, and the relative frequency of hatchbacks is 0.2, what is the relative frequency of sports cars?
A car dealership sold 400 cars in a month. If the relative frequency of sedans is 0.35, the relative frequency of trucks is 0.4, and the relative frequency of hatchbacks is 0.2, what is the relative frequency of sports cars?
A frequency distribution can only be used for numerical data.
A frequency distribution can only be used for numerical data.
Which of the following statements correctly describes how a frequency distribution can inform business decisions?
Which of the following statements correctly describes how a frequency distribution can inform business decisions?
A car dealership sells 5 types of vehicles. The percent frequencies are: Sedans (25%), SUVs (30%), Trucks (20%) and Minivans (15%). What is the percent frequency of Hatchbacks?
A car dealership sells 5 types of vehicles. The percent frequencies are: Sedans (25%), SUVs (30%), Trucks (20%) and Minivans (15%). What is the percent frequency of Hatchbacks?
Flashcards
Frequency Distribution
Frequency Distribution
A data summary, usually in table form, showing the count of each category in a variable.
Frequency
Frequency
The count of items in a particular category.
Relative Frequency
Relative Frequency
The frequency of a category divided by the total number of observations.
Percent Frequency
Percent Frequency
Signup and view all the flashcards
Variable (in car sales)
Variable (in car sales)
Signup and view all the flashcards
Categories (in car sales)
Categories (in car sales)
Signup and view all the flashcards
Calculate Relative Frequency
Calculate Relative Frequency
Signup and view all the flashcards
Calculate Percent Frequency
Calculate Percent Frequency
Signup and view all the flashcards
Study Notes
- A car dealership owner wants to know which of the four car types - minivans, SUVs, convertibles, and electric vehicles - sold the most in the past month.
Frequency Distribution Table
- The question can be answered by constructing this.
- It's a data summary, usually in table format.
- It displays the frequency, or count, of each category of the variable.
- In this case the variable is cars sold in the past month.
- The categories are the four types of cars sold at the dealership.
- Each car sold can be grouped into one of the four categories: minivans, SUVs, convertibles, and electric vehicles.
- Suppose a dealership sold 750 total cars in the past month
- 312 were minivans, 102 were SUVs, 80 were convertibles, and 256 were electric vehicles.
- The counts of cars sold in each category represent the frequency of the variable, or cars sold in the past month.
Relative and Percent Frequency
- These can be computed for the frequency distribution.
- This is done by dividing the frequency of each category by the total number of cars sold.
- The relative frequency in the category of minivans is 312 divided by 750, which equals 0.416.
- The relative frequencies of SUVs, convertibles, and electric vehicles that were purchased in the last month are 0.136, 0.106, and 0.341, respectively.
- When all the relative frequencies are summed, the value is 1.
- Multiplying the relative frequency by 100 gives the percent frequency.
- When all the percent frequencies are added, the sum is 100%.
- The minivan and electric vehicle categories have the highest percent frequencies.
- They are 41.6% and 34.1%, respectively.
- The SUV and convertible categories have small percent frequencies, at 13.6% and 10.6% respectively.
- With the frequency distribution completed, it can be stated that out of all the cars sold in the past month, minivans sold the most frequently.
- Electric vehicles were second.
Usefulness of Frequency Distributions
- They are useful for summarizing raw data into a form that is easier to interpret.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.