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Students Were Asked to Record How Many Hours They Worked

question 37

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Students were asked to record how many hours they worked at an outside job last week. Their answers are shown below. (a) Make a dot plot. (b) Use your judgment to construct a frequency distribution using whatever classes (bins) you wish. (c) Make a histogram. (d) Describe the distribution. (e) Did your bin choices agree with Sturges' Rule? If not, why not?


Definitions:

Certificate Of Investment

A financial document representing a deposit with a specified interest rate and maturity date, often issued by banks.

Bond

A contract between a borrower and a lender, in which the borrower agrees to pay the loan at some time in the future. Some bonds also make regular, constant payments once or twice a year.

Annual Interest Rate

The percentage increase in money owed per year, including the effect of compounding.

Annual Interest Rate

The percentage of a sum of money charged for its use over a year.

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