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BUSN 625 Applied Decision Making PS1

BUSN 625 Applied Decision Making PS1

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Author: Dannie Young
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1. $28.37, $21.40 are the stock prices of a particular month of Microsoft and Intel Corporations.
2. In a marketing study, 100 consumers were asked to select the best digital music player from the iPod, the iRiver, and the Magic Star MP3. To summarize the consumer responses with a frequency table, how many classes would the frequency table have?
3. Ecommerce.com, a large Internet retailer, is studying the lead time (elapsed time between when an order is placed and when it is filled) for a sample of recent orders. The lead times are reported in days.Lead Time (days)      Frequency0 up to 5                          65 up to 10                        710 up to 15                     1215 up to 20                     820 up to 25                     7Total                                40How many orders were studied?
4. 
Ecommerce.com, a large Internet retailer, is studying the lead time (elapsed time between when an order is placed and when it is filled) for a sample of recent orders. The lead times are reported in days.Lead Time (days)      Frequency0 up to 5                         65 up to 10                       710 up to 15                     1215 up to 20                     820 up to 25                     7Total                                40What is the midpoint of the first class?
5. 
The weights (in pounds) of a sample of five boxes being sent by UPS are: 12, 6, 7, 3, and 10. Compute the range.


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