A Recent Issue of Fortune Magazine Reported That the Following

question 68

Short Answer

A recent issue of Fortune Magazine reported that the following companies had the lowest sales per employee among the Fortune 500 companies.
$$\begin{array} { l c c } & \text { Salas per Employee } & \text { Sales } \\\text { Company } & \text { In \$1,000s } & \text { Rank } \\\text { Seagate Technology } & 42.20 & 285 \\\text { SSMC } & 42.19 & 414 \\\text { Russel } & 41.99 & 480 \\\text { Maxxam } & 40.88 & 485 \\\text { Dibrell Brothers } & 22.56 & 470\end{array}$$
a. How many elements are in the above data set?
b. How many variables are in the above data set?
c. How many observations are in the above data set?
d. Name the variables and indicate whether they are categorical or quantitative.

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Definitions:

Wealthy Households

Families or domestic groups with a high net worth, possessing substantial financial resources and assets.

Generational Cohorts

Groups of people born in the same time period who share similar cultural experiences, attitudes, and values.

Demographics

Statistical data relating to the population and particular groups within it, used for identifying consumer markets.

Running Shoes

Footwear designed specifically for running, providing support, cushioning, and traction to enhance performance and reduce the risk of injury.