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Author Question: The following information regarding the top eight Fortune 500 companies was presented in an issue of ... (Read 41 times)

allihubbard

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on: Mar 25, 2023

The following information regarding the top eight Fortune 500 companies was presented in an issue of Fortune Magazine.

 

 

Sales
$ Millions

Sales
Rank

Profits
$ Millions

Profits
Rank

Company
General Motors

161,315

1

2,956

30

Ford Motor

144,416

2

22,071

2

Wal-Mart Stores

139,208

3

4,430

14

Exxon

100,697

4

6,370

5

General Electric

100,469

5

9,269

3

Int'l Business Machines

81,667

6

6,328

6

Citigroup

76,431

7

5,807

8

Philip Morris

57,813

8

5,372

9

Boeing

56,154

9

1,120

82

AT&T

53,588

10

6,398

4


 

a.How many elements are in the above data set?
b.How many variables are in this data set?
c.How many observations are in this data set?
d.Which variables are categorical and which are quantitative variables?
e.What measurement scale is used for each variable?

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by allihubbard on Mar 25, 2023

Htimsrs

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Reply #1 on: Mar 25, 2023
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allihubbard

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Reply 2 on: Mar 25, 2023
Thanks for the timely response, appreciate it

bblaney

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Reply 3 on: Yesterday
Wow, this really help

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