The Following Is a Histogram Showing the Distribution Per Year

question 9

Multiple Choice

The following is a histogram showing the distribution per year of the cumulative property damage caused by tornadoes, over the period 1950 to 1999, in each of the 50 states and Puerto Rico. The data are in millions of dollars, and the class intervals are 0 to < 10, 10 to < 20, and so forth. The percent of the data with average property damage of under $20 million dollars is about:

• A)20%.
• B)30%.
• C)40%.
• D)60%.

Recognize demographic characteristics that describe a population.

Analyze the impact of demographic changes on society and markets.

Identify key generational cohorts and their characteristics.

Understand the role of demographics in shaping marketing strategies.

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Definitions:

Directional

Pertaining to a hypothesis or research that specifies the direction of an expected relationship or difference between variables.

Alternative Hypothesis

The hypothesis stating there is a significant difference or effect, tested against the null hypothesis.

T Statistic

A value used in statistical analysis that helps determine if there is a significant difference between the means of two groups.

One-tailed

A statistical test hypothesis that specifies the direction of the expected difference or relationship.