The Following Information Regarding the Top Eight Fortune 500 Companies

question 88

Short Answer

The following information regarding the top eight Fortune 500 companies was presented in an issue of Fortune Magazine.
$\begin{array}{lrrr}&\text { Sales } & \text { Sales } & \text { Protits } & \text { Profits } \\\text { Company }&\$ \text { Millions } & \text { Rank } & \$ \text { Millions } & \text { Rank }\\\text { General Motors } & 161,315 & 1 & 2,956&30 \\\text { Ford Motor } & 144,416 & 2 & 22,071&2 \\\text { Wal-Mat Stores } & 139,208 & 3 & 4,430&14 \\\text { Exzon } & 100,697 & 4 & 6,370&5 \\\text { General Electric } & 100,469 & 5 & 9,269 &3\\\text { Int1 Business Machines } & 81,667 & 6 & 6,328 &6\\\text { Citigroup } & 76,431 & 7 & 5,807 &\\\text { Philip Morris } & 57,813 & 8 & 5,372&9 \\\text { Boeing } & 56,154 & 9 & 1,120&82 \\\text { AT\&T } & 53,588 & 10 & 6.398&4\end{array}$
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?

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Definitions:

Electronic Data Interchanges

The computer-to-computer exchange of business documents in a standard electronic format between business partners.

Mobile Payment Service

A technology that allows consumers to make payments using their mobile devices instead of traditional methods like cash or credit cards.

Networking Tool

A device or software used to connect and manage communications between computers or other devices on a network.

Industry Experts

Individuals with extensive knowledge and experience in a specific field or industry, often consulted for their expertise.