Students Were Given a Take-Home Statistics Assignment and Were Asked

question 64

Essay

Students were given a take-home statistics assignment and were asked to write down how long it took them (in minutes). 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?

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Definitions:

NPV Projects

Projects that are evaluated based on the Net Present Value method, which calculates the present value of future cash flows minus the initial investment cost.

Debt/Equity Ratio

The ratio that highlights the proportional use of debt and shareholders' equity in asset financing for a company.

Stripped Common Shares

Common stock on which dividends and capital gains are repackaged and sold separately.

Dividends

Payments made by a corporation to its shareholders, usually derived from the company's profits, as a reward for investing in the company's equity.