CHAPTER TWO
Charts and Graphs
C
1.
E
Term
C
E
Term
A financial analyst has randomly selected 200 companies from those traded on the
NYSE. At the end of each trading day, the analyst records the closing price for
each of the 200 companies. These 200 measurements are an example of
__________.
A.
B.
C.
D.
2.
an ogive
grouped data
raw data
a stem and leaf plot
If data are grouped into intervals and the number of items in each group is listed,
this could be called a _______.
A. ogive
B. histogram
C. frequency distribution
27
Chapter Two
D. stem and leaf plot
28
Test Bank
C
3.
E
Term
A
A. stem and leaf plot
B. ogive
C. histogram
D. pie chart
4.
M
Term
D
5.
E
Term
If the individual class frequency is divided by the total frequency, the result is the
_______.
A. midpoint frequency
B. cumulative frequency
C. stem and leaf plot
D. relative frequency
6.
E
Term
B
The width of a class interval in a frequency distribution will be approximately
equal to the range divided by _______.
A. the number of class intervals
B. the highest number in the data set
C. the lowest number in the data set
D. the midpoint of the middle class
M
Term
A
A graphical representation of a frequency distribution is called a _______.
A cumulative frequency polygon is also called _______.
A. an ogive
B. a histogram
C. a frequency polygon
D. a stem and leaf plot
7.
A histogram can be described as _______.
A. a graphical depiction of an ogive
B. a vertical bar chart
C. a vertical stem and leaf plot
D. a three dimensional pie chart
Chapter 2: Charts and Graphs
C
8.
E
Term
B
The number of class intervals in a frequency distribution is usually between
_______.
A. 3 and 5
B. 7 and 9
C. 5 and 15
D. 1 and 25
9.
One advantage of a stem and leaf plot over a frequency distribution is that
_______.
E
Term
A. it contains more class intervals
B. the values of the original data are retained
C. the class midpoints are used as the stem
D. the class midpoints are used as the leaf
B
One rule that must always be followed in constructing frequency distributions is
that _______.
10.
E
Term
A. the number of classes must be less than 10
B. each data point can only fall into one class
C. the width of each class is equal to the range
D. the number of intervals must be an odd number
A
One rule that must always be followed in constructing frequency distributions is
that _______.
11.
E
Term
A. adjacent classes must not overlap
B. the midpoint of each class must be a whole number
C. the width of each class is equal to the range
D. the number of intervals must be an odd number
D
Which of the following is best to show the percentage of a total budget that is
spent on each category of items?
12.
E
Term
A. histogram
B. ogive
C. stem and leaf chart
D. pie chart
29
30
Test Bank
B
13.
A cumulative frequency distribution would provide _______.
E
Term
A. a graph of a frequency distribution
B. a running total of the frequencies in the classes
C. the proportion of the total frequencies which fall into each class
D. a very cloudy picture of the frequencies
B
What is the midpoint of the class interval 10 - under 12?
14.
E
Calc
C
A. 22
B. 11
C. 10.5
D. 11.5
15.
E
Calc
B
A. 47
B. 20
C. 22.5
D. 23
16.
E
Calc
C
E
Calc
What is the midpoint of the class interval 20 - under 25?
What is the midpoint of the class interval 6 - under 9?
A. 15
B. 7.5
C. 3
D. 1.5
17.
Consider the following frequency distribution:
Class Interval
Frequency
10-under 20
15
20-under 30
25
30-under 40
10
What is the midpoint of the first class?
A. 10
B. 20
C. 15
D. none of the above
Chapter 2: Charts and Graphs
B
18.
E
Calc
B
19.
E
Calc
C
E
Calc
Consider the following frequency distribution:
Class Interval
Frequency
10-under 20
15
20-under 30
25
30-under 40
10
What is the relative frequency of the first class?
A. 0.15
B. 0.30
C. 0.10
D. none of the above
Consider the following frequency distribution:
Class Interval
Frequency
10-under 20
15
20-under 30
25
30-under 40
10
What is the cumulative frequency of the second class interval?
A. 25
B. 40
C. 15
D. 50
20.
Consider the following frequency distribution:
Class Interval
Frequency
10-under 20
15
20-under 30
25
30-under 40
10
What is the approximate range of this data?
A. 10
B. 20
C. 30
D. 40
31
32
Test Bank
D
21.
E
Calc
C
A. 80
B. 100
C. 95
D. 90
22.
E
Calc
C
E
Calc
The number of phone calls arriving at a switchboard each hour has been recorded,
and the following frequency distribution has been developed.
Class Interval
Frequency
20-under 40
30
40-under 60
45
60-under 80
80
80-under 100
45
What is the midpoint of the last class?
The number of phone calls arriving at a switchboard each hour has been recorded,
and the following frequency distribution has been developed.
Class Interval
Frequency
20-under 40
30
40-under 60
45
60-under 80
80
80-under 100
45
What is the relative frequency of the second class?
A. 0.45
B. 0.90
C. 0.225
D. 0.75
23.
The number of phone calls arriving at a switchboard each hour has been recorded,
and the following frequency distribution has been developed.
Class Interval
Frequency
20-under 40
30
40-under 60
45
60-under 80
80
80-under 100
45
What is the cumulative frequency of the third class?
A. 80
B. 0.40
C. 155
D. 75
Chapter 2: Charts and Graphs
A
24.
E
Calc
C
M
Calc
33
The number of phone calls arriving at a switchboard each hour has been recorded,
and the following frequency distribution has been developed.
Class Interval
Frequency
20-under 40
30
40-under 60
45
60-under 80
80
80-under 100
45
What is the approximate range of the number of phone calls arriving each hour?
A. 80
B. 200
C. 20
D. 100
25.
Consider the following stem and leaf plot:
Stem
Leaf
1
0, 2, 5, 7
2
2, 3, 4, 4
3
0, 4, 6, 6, 9
4
5, 8, 8, 9
5
2, 7, 8
Suppose that a frequency distribution was developed from this, and there were 5
classes (10-under 20, 20-under 30, etc.). What would the frequency be for class
30-under 40?
A. 3
B. 4
C. 5
D. 9
34
Test Bank
C
26.
M
Calc
B
M
App
Consider the following stem and leaf plot:
Stem
Leaf
1
0, 2, 5, 7
2
2, 3, 4, 8
3
0, 4, 6, 6, 9
4
5, 8, 8, 9
5
2, 7, 8
Suppose that a frequency distribution was developed from this, and there were 5
classes (10-under 20, 20-under 30, etc.). What would be the relative frequency of
the class 20-under 30?
A. 0.4
B. 0.25
C. 0.20
D. 4
27.
Consider the following stem and leaf plot:
Stem
Leaf
1
0, 2, 5, 7
2
2, 3, 4, 8
3
0, 4, 6, 6, 9
4
5, 8, 8, 9
5
2, 7, 8
Suppose that a frequency distribution was developed from this, and there were 5
classes (10-under 20, 20-under 30, etc.). What was the highest number in the data
set?
A. 50
B. 58
C. 59
D. 100
Chapter 2: Charts and Graphs
B
28.
M
App
B
M
App
35
Consider the following stem and leaf plot:
Stem
Leaf
1
0, 2, 5, 7
2
2, 3, 4, 8
3
0, 4, 6, 6, 9
4
5, 8, 8, 9
5
2, 7, 8
Suppose that a frequency distribution was developed from this, and there were 5
classes (10-under 20, 20-under 30, etc.). What was the lowest number in the data
set?
A. 0
B. 10
C. 7
D. 2
29.
Consider the following stem and leaf plot:
Stem
Leaf
1
0, 2, 5, 7
2
2, 3, 4, 8
3
0, 4, 6, 6, 9
4
5, 8, 8, 9
5
2, 7, 8
Suppose that a frequency distribution was developed from this, and there were 5
classes (10-under 20, 20-under 30, etc.). Most of the numbers in the 40-under 50
class are _______.
A. close to 40
B. close to 50
C. equal to 45
D. between 41 and 44
36
Test Bank
C
30.
M
App
C
Consider the following stem and leaf plot:
Stem
Leaf
1
0, 2, 5, 7
2
2, 3, 4, 8
3
0, 4, 6, 6, 9
4
5, 8, 8, 9
5
2, 7, 8
Suppose that a frequency distribution was developed from this, and there were 5
classes (10-under 20, 20-under 30, etc.). What is the cumulative frequency for the
30-under 40 class interval?
A. 5
B. 9
C. 13
D. 14
31.
Cumulative frequencies are usually represented graphically by _______.
E
Term
A. histograms
B. pie charts
C. ogives
D. frequency polygons
B
An instructor has decided to graphically represent the grades on a test. The
instructor uses a plus/minus grading system (i.e. she gives grades of A-, B+, etc.).
Which of the following would provide the most information for the students?
M
App
32.
A. a histogram
B. a stem and leaf plot
C. a cumulative frequency distribution
D. a frequency distribution
Chapter 2: Charts and Graphs
B
33.
M
App
B
37
The following represent the ages of students in a class:
19, 23, 21, 19, 19, 20, 22, 31, 21, 20
If a stem and leaf plot were to be developed from this, how many stems would
there be?
A. 2
B. 3
C. 4
D. 10
34.
The difference between the highest number and the lowest number in a set of data
is called the _______.
E
Term
A. difference
B. range
C. polygonal frequency
D. relative frequency
C
A person has decided to construct a frequency distribution for a set of data
containing 60 numbers. The lowest number is 23 and the highest number is 68. If
5 classes are used, the class width should be approximately _______.
35.
E
Calc
B
A. 4
B. 12
C. 9
D. 5
36.
E
Calc
D
E
Calc
37.
A person has decided to construct a frequency distribution for a set of data
containing 60 numbers. The lowest number is 23 and the highest number is 68. If
7 classes are used, the class width should be approximately _______.
A. 6
B. 7
C. 9
D. 11
A frequency distribution was developed. The lower endpoint of the first class is
9.30, and the midpoint is 9.35. What is the upper endpoint of this class?
A. 9.50
B. 9.60
C. 9.70
D. 9.40
38
Test Bank
C
38.
E
App
B
A. less than 27
B. equal to 27
C. greater than 27
D. 27 minus the next class frequency
39.
E
App
B
E
App
Which of the following would be most helpful if you wished to construct a pie
chart?
A. a frequency distribution
B. a relative frequency distribution
C. a cumulative frequency distribution
D. an ogive
40.
M
App
A
The cumulative frequency for a class is 27. The cumulative frequency for the next
(non-empty) class will be _______.
A person has constructed a frequency distribution for the grades on a test. This
person is not sure how to do this, and thus only 7 classes were developed, and
each class width was set at 10 units. If the lowest possible score is 0 and the
highest possible score is 100, which of the following is true?
A. all numbers between 0 and 100 belong to one of these classes
B. some number might not fit into any of these classes
C. some of these classes would have to overlap
D. there are too many classes
41.
In a histogram, the highest bar represents the class with _______.
A. the highest frequency
B. the lowest frequency
C. the highest cumulative frequency
D. the lowest relative frequency
Chapter 2: Charts and Graphs
C
42.
M
App
C
M
App
39
The following class intervals for a frequency distribution were developed to
provide information regarding the starting salaries for students graduating from a
particular school:
Salary
Number of Graduates
($1,000s)
18-under 21
21-under 25
24-under 27
29-under 30
Before data was collected, someone questioned the validity of this arrangement.
Which of the following represents a problem with this set of intervals?
A. there are too many intervals
B. the class widths are too small
C. some numbers between 18,000 and 30,000 would fall into two different
intervals
D. the first and the second interval overlap
43.
The following class intervals for a frequency distribution were developed to
provide information regarding the starting salaries for students graduating from a
particular school:
Salary
Number of Graduates
($1,000s)
18-under 21
21-under 25
24-under 27
29-under 30
Before data was collected, someone questioned the validity of this arrangement.
Which of the following represents a problem with this set of intervals?
A. there are too many intervals
B. the class widths are too small
C. some numbers between 18,000 and 30,000 would not fall into any of these
intervals
D. the first and the second interval overlap
40
Test Bank
D
44.
M
App
D
The following class intervals for a frequency distribution were developed to
provide information regarding the starting salaries for students graduating from a
particular school:
Salary
Number of Graduates
($1,000s)
18-under 21
21-under 25
24-under 27
29-under 30
Before data was collected, someone questioned the validity of this arrangement.
Which of the following represents a problem with this set of intervals?
A. there are too many intervals
B. the class widths are too small
C. the class widths are too large
D. the second and the third interval overlap
45.
M
BApp
Abel Alonzo, Director of Human Resources, is exploring employee absenteeism
at the Harrison Haulers Plant during the last operating year. A review of all
personnel records indicated that absences ranged from zero to twenty-nine days
per employee. The following class intervals were proposed for a frequency
distribution of absences.
Absences
Number of Employees
(days)
0-under 5
5-under 10
10-under 15
15-under 20
20-under 25
25-under 30
Which of the following represents a problem with this set of intervals?
A.
B.
C.
D.
there are too few intervals
some numbers between 0 and 29 would not fall into any interval
the first and second interval overlap
none of the above (These intervals are okay.)
Chapter 2: Charts and Graphs
B
46.
41
Abel Alonzo, Director of Human Resources, is exploring employee absenteeism
at the Harrison Haulers Plant during the last operating year. A review of all
personnel records indicated that absences ranged from zero to twenty-nine days
per employee. The following class intervals were proposed for a frequency
distribution of absences.
Absences
Number of Employees
(days)
0-under 5
5-under 10
10-under 15
20-under 25
25-under 30
Which of the following represents a problem with this set of intervals?
M
BApp
A.
B.
C.
D.
A
Abel Alonzo, Director of Human Resources, is exploring employee absenteeism
at the Harrison Haulers Plant during the last operating year. A review of all
personnel records indicated that absences ranged from zero to twenty-nine days
per employee. The following class intervals were proposed for a frequency
distribution of absences.
Absences
Number of Employees
(days)
0-under 10
10-under 20
20-under 30
Which of the following represents a problem with this set of intervals?
47.
E
BApp
A.
B.
C.
D.
there are too few intervals
some numbers between 0 and 29, inclusively, would not fall into any interval
the first and second interval overlap
there are too many intervals
there are too few intervals
some numbers between 0 and 29 would not fall into any interval
the first and second interval overlap
there are too many intervals
42
Test Bank
A
48.
E
Calc
C
A. 12
B. 20
C. 40
D. 10
49.
E
Calc
D
E
Calc
Consider the relative frequency distribution given below:
Class Interval
Relative Frequency
20-under 40
0.2
40-under 60
0.3
60-under 80
0.4
80-under 100
0.1
There were 60 numbers in the data set. How many numbers were in the interval
20-under 40?
Consider the relative frequency distribution given below:
Class Interval
Relative Frequency
20-under 40
0.2
40-under 60
0.3
60-under 80
0.4
80-under 100
0.1
There were 60 numbers in the data set. How many numbers were in the interval
40-under 60?
A. 30
B. 50
C. 18
D. 12
50.
Consider the relative frequency distribution given below:
Class Interval
Relative Frequency
20-under 40
0.2
40-under 60
0.3
60-under 80
0.4
80-under 100
0.1
There were 60 numbers in the data set. How many of the number were less than
80?
A. 90
B. 80
C. 0.9
D. 54
Chapter 2: Charts and Graphs
B
51.
E
Calc
A
A. 100
B. 150
C. 25
D. 250
52.
E
Calc
C
E
Calc
Consider the following frequency distribution:
Class Interval
Frequency
100-under 200
25
200-under 300
45
300-under 400
30
What is the midpoint of the first class?
Consider the following frequency distribution:
Class Interval
Frequency
100-under 200
25
200-under 300
45
300-under 400
30
What is the relative frequency of the second class interval?
A. 0.45
B. 0.70
C. 0.30
D. 0.33
53.
Consider the following frequency distribution:
Class Interval
Frequency
100-under 200
25
200-under 300
45
300-under 400
30
What is the cumulative frequency of the second class interval?
A. 25
B. 45
C. 70
D. 250
43
44
Test Bank
C
54.
E
Calc
B
A. 100
B. 25
C. 300
D. 400
55.
E
Calc
B
Consider the following frequency distribution:
Class Interval
Frequency
100-under 200
25
200-under 300
45
300-under 400
30
What is the approximate range of the data?
Consider the following frequency distribution:
Class Interval
Frequency
100-under 200
25
200-under 300
45
300-under 400
30
What is the midpoint of the last class interval?
A. 15
B. 350
C. 300
D. 200
56.
E
BCalc
Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects
irregularities in the payroll system, and orders an inspection of "each and every
payroll voucher issued since January 1, 1993." Each payroll voucher was
inspected and the following frequency distribution was compiled.
Errors Per Voucher
Number of Vouchers
0-under 2
500
2-under 4
400
4-under 6
300
6-under 8
200
8-under 10
100
The relative frequency of the first class interval is _________.
A.
B.
C.
D.
0.50
0.33
0.40
0.27
Chapter 2: Charts and Graphs
C
57.
Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects
irregularities in the payroll system, and orders an inspection of "each and every
payroll voucher issued since January 1, 1993." Each payroll voucher was
inspected and the following frequency distribution was compiled.
Errors Per Voucher
Number of Vouchers
0-under 2
500
2-under 4
400
4-under 6
300
6-under 8
200
8-under 10
100
The cumulative frequency of the second class interval is _________.
E
BCalc
A.
B.
C.
D.
D
Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects
irregularities in the payroll system, and orders an inspection of "each and every
payroll voucher issued since January 1, 1993." Each payroll voucher was
inspected and the following frequency distribution was compiled.
Errors Per Voucher
Number of Vouchers
0-under 2
500
2-under 4
400
4-under 6
300
6-under 8
200
8-under 10
100
The approximate range of the data is _________.
58.
E
BCalc
A.
B.
C.
D.
1,500
500
900
1,000
1,500
2
400
10
45
46
Test Bank
C
59.
Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects
irregularities in the payroll system, and orders an inspection of "each and every
payroll voucher issued since January 1, 1993." Each payroll voucher was
inspected and the following frequency distribution was compiled.
Errors Per Voucher
Number of Vouchers
0-under 2
500
2-under 4
400
4-under 6
300
6-under 8
200
8-under 10
100
The midpoint of the first class interval is _________.
E
BCalc
A.
B.
C.
D.
D
The staffs of the accounting and the quality control departments rated their
respective supervisor's leadership style as either (1) authoritarian or (2)
participatory. Sixty-eight percent of the accounting staff rated their supervisor
"authoritarian," and thirty-two percent rated him "participatory." Forty percent of
the quality control staff rated their supervisor "authoritarian," and sixty percent
rated her "participatory." The best graphic depiction of these data would be two
___________________.
60.
E
BApp
A.
B.
C.
D.
500
2
1.5
1
histograms
frequency polygons
ogives
pie charts
Chapter 2: Charts and Graphs
B
61.
47
Jessica Salas, president of Salas Products, is reviewing the warranty policy for her
company's new model of automobile batteries. Accelerated life tests were
performed on a sample of 100 batteries, and the following relative frequency
distribution was compiled.
Battery Life
Relative Frequency
(months)
40-under 50
0.05
50-under 60
0.10
60-under 70
0.25
70-under 80
0.50
80-under 100
0.10
The number of batteries in 40-under 50 interval was _________.
E
BCalc
A.
B.
C.
D.
A
Jessica Salas, president of Salas Products, is reviewing the warranty policy for her
company's new model of automobile batteries. Accelerated life tests were
performed on a sample of 100 batteries, and the following relative frequency
distribution was compiled.
Battery Life
Relative Frequency
(months)
40-under 50
0.05
50-under 60
0.10
60-under 70
0.25
70-under 80
0.50
80-under 100
0.10
The number of batteries in 60-under 70 interval was _________.
62.
E
BCalc
A.
B.
C.
D.
45
5
10
15
25
65
40
60
48
Test Bank
D
63.
Jessica Salas, president of Salas Products, is reviewing the warranty policy for her
company's new model of automobile batteries. Accelerated life tests were
performed on a sample of 100 batteries, and the following relative frequency
distribution was compiled.
Battery Life
Relative Frequency
(months)
40-under 50
0.05
50-under 60
0.10
60-under 70
0.25
70-under 80
0.50
80-under 100
0.10
The number of batteries which lasted less than 60 months was _________.
M
BCalc
A.
B.
C.
D.
C
Chili Robinson, Director of Quality Control, is concerned about the variability in
a drilling process. The process should produce 1" holes in aluminum castings. A
sample of ninety castings are drilled and inspected. Data collected from
measuring the ninety holes were compiled to form the following frequency
distribution.
Hole Diameter
Number of Holes
(inches)
0.85-under 0.90
10
0.90-under 0.95
20
0.95-under 1.00
30
1.00-under 1.05
20
1.05-under 1.10
10
The percentage of holes under 1" in diameter was _____________.
64.
E
BCalc
A.
B.
C.
D.
10
55
5
15
33%
60%
67%
50%
Chapter 2: Charts and Graphs
B
65.
49
Chili Robinson, Director of Quality Control, is concerned about the variability in
a drilling process. The process should produce 1" holes in aluminum castings. A
sample of ninety castings are drilled and inspected. Data collected from
measuring the ninety holes were compiled to form the following frequency
distribution.
Hole Diameter
Number of Holes
(inches)
0.85-under 0.90
10
0.90-under 0.95
20
0.95-under 1.00
30
1.00-under 1.05
20
1.05-under 1.10
10
The number of holes under 1" in diameter was _____________.
M
BCalc
A.
B.
C.
D.
B
Chili Robinson, Director of Quality Control, is concerned about the variability in
a drilling process. The process should produce 1" holes in aluminum castings. A
sample of ninety castings are drilled and inspected. Data collected from
measuring the ninety holes were compiled to form the following frequency
distribution.
Hole Diameter
Number of Holes
(inches)
0.85-under 0.90
10
0.90-under 0.95
20
0.95-under 1.00
30
1.00-under 1.05
20
1.05-under 1.10
10
The midpoint of the third class interval is _____________.
66.
E
BCalc
A.
B.
C.
D.
20
60
25
30
1.025
25
35
0.975
50
Test Bank
C
67.
The U.S. PC market is very competitive. In 1998 unit-shipment market shares
were: Dell 13.4%; Compaq 15.0%; Gateway 8.2%; Hewlett-Packard 8.4%; IBM
8.9%; and others 46.1%.
The best graphic depiction of these data would be ___________________.
E
BApp
A.
B.
C.
D.
B
The U.S. PC market is very competitive. In 1998 unit-shipment market shares
were: Dell 13.4%; Compaq 15.0%; Gateway 8.2%; Hewlett-Packard 8.4%; IBM
8.9%; and others 46.1%. In 1999 unit-shipment market shares were: Dell 17.1%;
Compaq 15.3%; Gateway 9.3%; Hewlett-Packard 8.2%; IBM 7.6%; and others
42.5%.
The best graphic depiction of these data would be ___________________.
68.
a histogram
a frequency polygon
a pie chart
an ogive
E
BApp
A.
B.
C.
D.
A
The Worlwide PC market is very competitive. In 1998 unit-shipment market
shares were: Dell 8.2%; Compaq 13.4%; Gateway 3.8%; Hewlett-Packard 5.9%;
IBM 8.4%; and others 60.3%.
The best graphic depiction of these data would be ___________________.
69.
a pie chart
two pie charts
a histogram
two histograms
E
BApp
A.
B.
C.
D.
D
The Worlwide PC market is very competitive. In 1998 unit-shipment market
shares were: Dell 8.2%; Compaq 13.4%; Gateway 3.8%; Hewlett-Packard 5.9%;
IBM 8.4%; and others 60.3%. In 1999 unit-shipment market shares were: Dell
10.8%; Compaq 12.8%; Gateway 4.3%; Hewlett-Packard 6.2%; IBM 7.6%; and
others 58.3%.
The best graphic depiction of these data would be ___________________.
70.
E
BApp
a pie chart
a histogram
a frequency polygon
an ogive
A. a histogram
B. two histograms
C. a pie chart
Chapter 2: Charts and Graphs
B
71.
51
D. two pie charts
The 1999 and 2000 market share data of the three competitors (A, B, and C) in an
oligopolistic industry are presented in the following pie charts.
1999
2000
C 19%
C 22%
A
33%
B
45%
A
35%
B
46%
Which of the following is true?
E
BApp
A.
B.
C.
D.
A
The 1999 and 2000 market share data of the three competitors (A, B, and C) in an
oligopolistic industry are presented in the following pie charts. Total sales for this
industry were $1.5 billion in 1999 and $1.8 billion in 2000.
72.
Only company B gained market share.
Only company C lost market share.
Company A lost market share.
Company B lost market share.
1999
2000
C 19%
C 22%
A
33%
B
45%
A
35%
Company C’s sales in 2000 were ___________.
E
BApp
A.
B.
C.
D.
$342 million
$630 million
$675 million
$828 million
B
46%
52
Test Bank
D
73.
The 1999 and 2000 market share data of the three competitors (A, B, and C) in an
oligopolistic industry are presented in the following pie charts. Total sales for this
industry were $1.5 billion in 1999 and $1.8 billion in 2000.
1999
2000
C 19%
C 22%
A
33%
B
45%
A
35%
B
46%
Company B’s sales in 1999 were ___________.
E
BApp
A.
B.
C.
D.
A
The 1999 and 2000 market share data of the three competitors (A, B, and C) in an
oligopolistic industry are presented in the following pie charts.
74.
$342 million
$630 million
$675 million
$828 million
1999
2000
C 19%
C 22%
A
33%
B
45%
A
35%
Which of the following MAY BE a false statement?
M
BApp
A. Sales revenues declined at company C.
B. Only company C lost market share.
C. Company A gained market share.
B
46%
Chapter 2: Charts and Graphs
75.
D. Company B gained market share.
Liz Chapa manages a portfolio of 250 common stocks. Her staff compiled the
following frequency distribution of dividends received (in $/share) during the
previous year.
Dividends
Number of Stocks
($/share)
$0-under $0.50
25
0.50-under 1.00
50
1.00-under 1.50
100
1.50-under 2.00
50
2.00-under 2.50
25
Construct a histogram of the dividend frequency distribution on the following
grid.
E
BCalc
76.
E
BCalc
Liz Chapa manages a portfolio of 250 common stocks. Her staff compiled the
following frequency distribution of dividends received (in $/share) during the
previous year.
Dividends
Number of Stocks
($/share)
$0-under $0.50
25
0.50-under 1.00
50
1.00-under 1.50
100
1.50-under 2.00
50
2.00-under 2.50
25
Construct a frequency polygon of the dividend frequency distribution on the
following grid.
53
54
Test Bank
77.
Liz Chapa manages a portfolio of 250 common stocks. Her staff compiled the
following frequency distribution of dividends received (in $/share) during the
previous year.
Dividends ($/share)
Number of Stocks
$0-under $0.50
25
0.50-under 1.00
50
1.00-under 1.50
100
1.50-under 2.00
50
2.00-under 2.50
25
Construct a cumulative frequency ogive on the following grid.
E
BCalc
78.
Chili Robinson, Director of Quality Control, is concerned about the variability in
a drilling process. The process should produce 1" holes in aluminum castings. A
sample of ninety castings are drilled and inspected. Data collected from
measuring the ninety holes were compiled to form the following frequency
distribution.
Hole Diameter (inches)
Number of Holes
0.85-under 0.90
10
0.90-under 0.95
20
0.95-under 1.00
30
1.00-under 1.05
20
1.05-under 1.10
10
Construct a histogram on the following grid.
E
BCalc
Chapter 2: Charts and Graphs
79.
55
Chili Robinson, Director of Quality Control, is concerned about the variability in
a drilling process. The process should produce 1" holes in aluminum castings. A
sample of ninety castings are drilled and inspected. Measurements from the
ninety holes were compiled to form the following frequency distribution.
Hole Diameter (inches)
Number of Holes
0.85-under 0.90
10
0.90-under 0.95
20
0.95-under 1.00
30
1.00-under 1.05
20
1.05-under 1.10
10
Construct a frequency polygon on the following grid.
E
BCalc
80.
E
BCalc
Chili Robinson, Director of Quality Control, is concerned about the variability in
a drilling process. The process should produce 1" holes in aluminum castings. A
sample of ninety castings are drilled and inspected. Measurements from the
ninety holes were compiled to form the following frequency distribution.
Hole Diameter (inches)
Number of Holes
0.85-under 0.90
10
0.90-under 0.95
20
0.95-under 1.00
30
1.00-under 1.05
20
1.05-under 1.10
10
Construct a cumulative frequency ogive on the following grid.
56
Test Bank
B
81.
Each day, the office staff at Oasis Quick Shop prepares a frequency distribution
and an ogive of sales transactions by dollar value of the transactions. Saturday's
cumulative frequency ogive follows.
The total number of sales transactions on Saturday was _____________.
E
BCalc
A.
B.
C.
D.
D
Each day, the office staff at Oasis Quick Shop prepares a frequency distribution
and an ogive of sales transactions by dollar value of the transactions. Saturday's
cumulative frequency ogive follows.
82.
200
500
300
100
The percentage of sales transactions on Saturday that were under $100 each was
_____________.
M
BCalc
A.
B.
C.
D.
100
10
80
20
Chapter 2: Charts and Graphs
C
83.
57
Each day, the office staff at Oasis Quick Shop prepares a frequency distribution
and an ogive of sales transactions by dollar value of the transactions. Saturday's
cumulative frequency ogive follows.
The percentage of sales transactions on Saturday that were at least $100 each was
_____________.
M
BCalc
A.
B.
C.
D.
C
Each day, the office staff at Oasis Quick Shop prepares a frequency distribution
and an ogive of sales transactions by dollar value of the transactions. Saturday's
cumulative frequency ogive follows.
84.
100
10
80
20
The percentage of sales transactions on Saturday that were between $100 and
$150 was _____________.
M
BCalc
A.
B.
C.
D.
20%
40%
60%
80%
58
Test Bank
D
85.
Each day, the office staff at Oasis Quick Shop prepares a frequency distribution
and a histogram of sales transactions by dollar value of the transactions. Friday's
histogram follows.
On Tuesday, the approximate number of sales transactions in the 125-under 150
category was _____________.
E
BCalc
A.
B.
C.
D.
C
Each day, the office staff at Oasis Quick Shop prepares a frequency distribution
and a histogram of sales transactions by dollar value of the transactions. Friday's
histogram follows.
86.
50
100
150
200
On Tuesday, the approximate number of sales transactions between $100 and
$150 was _____________.
E
BCalc
A. 100
B. 200
C. 300
Chapter 2: Charts and Graphs
D
87.
59
D. 400
The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank,
prepared a cumulative frequency ogive of waiting time for walk-in customers.
The total number of walk-in customers included in the study was _________.
E
BCalc
A.
B.
C.
D.
A
The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank,
prepared a cumulative frequency ogive of waiting time for walk-in customers.
88.
100
250
300
450
The percentage of walk-in customers waiting one minute or less was _________.
E
BCalc
A.
B.
C.
D.
22%
11%
67%
10%
60
Test Bank
Chapter 2: Charts and Graphs
B
89.
The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank,
prepared a cumulative frequency ogive of waiting time for walk-in customers.
The percentage of walk-in customers waiting more than 6 minutes was ______.
E
BCalc
A.
B.
C.
D.
C
The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank,
prepared a cumulative frequency ogive of waiting time for walk-in customers.
90.
22%
11%
67%
10%
The percentage of walk-in customers waiting between 1 and 6 minutes was ___.
M
BCalc
A.
B.
C.
D.
22%
11%
67%
10%
61
62
Test Bank
D
91.
The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank,
prepared a frequency histogram of waiting time for walk-in customers.
Approximately _____ walk-in customers waited less than 2 minutes.
E
BCalc
A.
B.
C.
D.
B
The staff of Mr. Wayne Wertz, VP of Operations at Portland Peoples Bank,
prepared a frequency histogram of waiting time for walk-in customers.
92.
20
30
100
180
Approximately ____ walk-in customers waited at least 7 minutes.
E
BCalc
A.
B.
C.
D.
20
30
100
180
Chapter 2: Charts and Graphs
B
93.
The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage,
prepared a cumulative percentage ogive of market capitalization of the 937
corporations listed on the American Stock Exchange in January 2000.
The median market capitalization of the corporations was _________
($1,000,000).
E
BCalc
A.
B.
C.
D.
200
26
12
60
63
64
Test Bank
C
94.
The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage,
prepared a cumulative percentage ogive of market capitalization of the 937
corporations listed on the American Stock Exchange in January 2000.
The percentage of corporations with capitalization of $50,000,000 or less was
_________.
E
BCalc
A.
B.
C.
D.
38
26
62
43
Chapter 2: Charts and Graphs
A
95.
The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage,
prepared a cumulative percentage ogive of market capitalization of the 937
corporations listed on the American Stock Exchange in January 2000.
The percentage of corporations with capitalization exceeding $50,000,000 was
_________.
E
BCalc
A.
B.
C.
D.
38
26
62
43
65
66
Test Bank
B
96.
The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage,
prepared a cumulative percentage ogive of market capitalization of the 937
corporations listed on the American Stock Exchange in January 2000.
The percentage of corporations with capitalization of $150,000,000 or less was
_________.
E
BCalc
A.
B.
C.
D.
38
85
62
15
Chapter 2: Charts and Graphs
D
97.
The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage,
prepared a cumulative percentage ogive of market capitalization of the 937
corporations listed on the American Stock Exchange in January 2000.
The percentage of corporations with capitalization exceeding $150,000,000 was
_________.
E
BCalc
A.
B.
C.
D.
38
85
62
15
67
68
Test Bank
B
98.
The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage,
prepared a frequency histogram of market capitalization of the 937 corporations
listed on the American Stock Exchange in January 2000.
AMEX Listed Securities
Number of Issues
800
600
400
200
0
$100
$200
$300
$400
$500
Market Capitalization
($1,000,000)
Approximately ________ corporations had capitalization exceeding
$200,000,000.
E
BCalc
A.
B.
C.
D.
50
100
700
800
Chapter 2: Charts and Graphs
D
99.
The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage,
prepared a frequency histogram of market capitalization of the 937 corporations
listed on the American Stock Exchange in January 2000.
AMEX Listed Securities
Number of Issues
800
600
400
200
0
$100
$200
$300
$400
$500
Market Capitalization
($1,000,000)
Approximately ________ corporations had capitalizations of $200,000,000 or
less.
E
BCalc
A.
B.
C.
D.
50
100
700
800
B 100.
Destiny Houston needs to prepared several graphics for a report on competition
and growth of Internet advertising. Which Excel feature is most useful for this
task?
E
Term
A.
B.
C.
D.
Solver
Chart Wizard
Data Analysis
Pivot Table
69