Thirty Students in the School of Business Were Asked What

question 17

Essay

Thirty students in the School of Business were asked what their majors were.The following represents their responses (M = Management; A = Accounting; E = Economics; O = Others). $$\begin{array} { l l l l l l l l l l } \mathrm { A } & \mathrm { M } & \mathrm { M } & \mathrm { A } & \mathrm { M } & \mathrm { M } & \mathrm { E } & \mathrm { M } & \mathrm { O } & \mathrm { A } \\\mathrm { E } & \mathrm { E } & \mathrm { M } & \mathrm { A } & \mathrm { O } & \mathrm { E } & \mathrm { M } & \mathrm { A } & \mathrm { M } & \mathrm { A } \\\mathrm { M } & \mathrm { A } & \mathrm { O } & \mathrm { A } & \mathrm { M } & \mathrm { E } & \mathrm { E } & \mathrm { M } & \mathrm { A } & \mathrm { M }\end{array}$$ ​
a.
Construct a frequency distribution and a bar chart.
b.
Construct a relative frequency distribution and a pie chart.

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Definitions:

Patent Licensing

An agreement in which a patent holder allows another party to use, make, sell, or distribute the patented invention for a defined period, terms, and territory.

Tying Agreements

Business arrangements where the buyer of a product or service is required to purchase an additional product or service from the seller.

Widget Manufacturer

A company or entity engaged in the production of small mechanical or electronic devices or gadgets.

Relevant Geographic Market

An area in which a company competes for business, used in assessing competitive dynamics and antitrust concerns.