Description
check the upload.
QUAN. I need higher score. before you bid you must check out the upload
Unformatted Attachment Preview
ECON 201-01
Statistics for Business and Economics
ECON 201 GRADED ASSIGNMENT CHAPTER 2 #1 10 points
POINTS: _______ PERCENTAGE: ________
Name: _____________________________
Directions:
(1) Using the data complete the frequency table (frequency, relative frequency, percent frequency).
(2) Based on that, create a bar chart or histogram of the percent frequency of the income distribution.
Include a title of the bar chart and label each axis in the boxes.
Income
19.538
29.684
67.090
80.610
23.186
14.024
61.918
92.057
34.506
95.967
49.485
2.686
27.975
84.429
51.662
78.908
69.203
21.079
18.970
83.400
Income Class
$0
$20,000
$40,000
$60,000
$80,000
Frequency
Relative
Frequency
Percent
Frequency
- 19,999
- 39,999
- 59,999
- 79,999
- 99,999
FREQUENCY DISTRIBUTION
6
mmmmmmmmmm
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
5
4
3
2
1
0
0-20000
20000-40000
40000-60000
60000-80000
mmmmmmmmmmmmm
80000-100000
Purchase answer to see full attachment
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Please find answer.Thank you.
ECON 201-01
Statistics for Business and Economics
ECON 201 GRADED ASSIGNMENT CHAPTER 2 #1 10 points
POINTS: _______ PERCENTAGE: ________
Name: _____________________________
Directions:
...
Completion Status:
100%
Review
Review
Anonymous
I was struggling with this subject, and this helped me a ton!
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
Saudi Electronic University Marginal Cost Schedules for Plant A and Plant
I would like you to fill in the costs missing in the Table below by answering the following question. Then you will be deb ...
Saudi Electronic University Marginal Cost Schedules for Plant A and Plant
I would like you to fill in the costs missing in the Table below by answering the following question. Then you will be debriefed on what this means in the next reading.Assume first that the progress ratio in this industry is 80%. We can then derive the coefficient b in the equation c(t) = c(0) x(t)^-b by comparing two points on the curve, for example at a cumulative production of 1 and 2 units. For any other progress ratio than 80%, please put in the relevant progress ratio for c(2).c(1) / c(2) = 1 / 0.8 = c(0) * 1^-b / c(0) * 2^-b, simplifies to(1/2)^-b = 1 / 0.8, or-b = ln(1/0.8)/ln(1/2)giving b = 0.32.You can now insert b in the equation and compute any cost for any level of cumulative output, as long as you know the cost for the first unit. If you dont know the cost for the first unit you still know the relative cost reduction between any two doublings of output.In the following quiz, we will practice calculating marginal cost based on the learning curve. Let us presume that there are two competing plants which starts production on the same day. They are in an industry with a progress ratio of 80%. Let's call them plant A and B. Let's also assume that they both follow the same progress ratio and that the first unit produced costs 1 Euro to make. Plant A is built for a capacity of producing 100 units a month while plant B has a capacity of producing 200 units a month.The marginal cost schedules should be obtained for the two plantsMonth 1Month 2Month 3Month 4Month 5Cumulative production plant A100200300400500Marginal cost ACumulative production plant B2004006008001000Marginal cost B/!\ Please enter your answers with two decimals, as follows #.##
100 words discussion reply
A]Alex, the saying "labor in and of its own is worth nothing" is true because just because does the labor does not make th ...
100 words discussion reply
A]Alex, the saying "labor in and of its own is worth nothing" is true because just because does the labor does not make them as valuable as someone who works twice or even three times as hard them. The value of a laborer will always be on how hard they work and how much work they get done in the factory or wherever they work and not just doing the very minimum.Alex, the reasoning for the manager making more money than the factory workers is because there is more workers and usually just one manager, this one person is expected to be less expendable than the hundreds of factory workers and has to be in charge of all of these workers and do the jobs that are not hands on such as more paperwork and are expected to come up with ideas that can make the factory more efficient and make the owners of the company more money.B]The quote is true because labor is only worth the product you are producing. In a factory a line worker does not have to have a degree of higher education. They are just producing the product itself or have something to do with handling the product. In order to have your labor worth more a person must have a degree of some form. This is the reason why the manager gets to sit in his air conditioned office all day because that person has a higher form of education and they work with the logistic and economic side of things with the factory which is more important that producing the good itself. The job of working with and handling the widgets is a job that must be available to a wide variety of people because from a certain standpoint the company does not care about the employee that is working in those factories they just need to have their product made and shipped from point A to point B so they will sometimes pay those employees the bare minimum to keep from losing money.
3 pages
Discussion On Ai For The Real World
Do you agree or disagree with Davenport's conclusion on how he sees the Future Cognitive Yes, I do agree with the conclusi ...
Discussion On Ai For The Real World
Do you agree or disagree with Davenport's conclusion on how he sees the Future Cognitive Yes, I do agree with the conclusion on the future cognitive ...
8 pages
Student Loan Debt.
The debt loan in the United States of America is growing at a very high rate. The rate is increasing because of the increa ...
Student Loan Debt.
The debt loan in the United States of America is growing at a very high rate. The rate is increasing because of the increasing cost of education. Some ...
7 pages
The Great Recession 2008
The great recession was a significant downturn in the economy that brought devastation to the banking industries the real ...
The Great Recession 2008
The great recession was a significant downturn in the economy that brought devastation to the banking industries the real estate and in general the ...
Similar Content
Western Kentucky University Demand for Indian Artifacts Questions
1. Does an increase in the demand for Indian artifacts cause an increase in the quantity supplied of these artifacts?2. Do...
Managerial Economics
In a competitive market, the market demand curve is Q = 28 - 2p and the market supply curve is Qs = -8 + 2p. Use a spreads...
ECN 201 Grantham University Week 1 Modern Democracy Paper
W1 AssignmentHere's a link to your week 1 assignment details: Democracy and TaxesYour week 1 assignment rubric is included...
University of Phoenix Financial Report and Market Paper
TeslaStep One: In a 1- to 2-page chart, compare your company’s current financial reports with the market conditions from...
Economics Discussion
“Money and Monetary Policy and Inflation”
Given our current economic situation,
determine the steps that the F...
University of North Alabama Publicly Traded Stocks Questions
I do not plan on having you use the StockTrac but i do want you to select some stocks and track them through the semester....
Concepts Of Macroeconomics And Microeconomics
Absolute and Comparative advantage are essential concepts used in international trade and in economics. These concepts hav...
Developmental Economics
My name is [insert name], a student from [insert state or country of origin]. I major in [insert your major]. I chose this...
Game Theory
Since the publication of the Game Theory in the 1950s by American mathematician and Nobel Peace Prize winner John Nash, th...
Related Tags
Book Guides
Cant Hurt Me - Master Your Mind and Defy the Odds
by David Goggins
Breakfast at Tiffanys
by Truman Capote
The Rhythm Section
by Mark Burnell
Sula
by Toni Morrison
The Sixth Extinction An Unnatural History
by Elizabeth Kolbert
The Da Vinci Code
by Dan Brown
No Exit
by Taylor Adams
Salt To The Sea
by Ruta Sepetys
All Quiet on the Western Front
by Erich Maria Remarque
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
Saudi Electronic University Marginal Cost Schedules for Plant A and Plant
I would like you to fill in the costs missing in the Table below by answering the following question. Then you will be deb ...
Saudi Electronic University Marginal Cost Schedules for Plant A and Plant
I would like you to fill in the costs missing in the Table below by answering the following question. Then you will be debriefed on what this means in the next reading.Assume first that the progress ratio in this industry is 80%. We can then derive the coefficient b in the equation c(t) = c(0) x(t)^-b by comparing two points on the curve, for example at a cumulative production of 1 and 2 units. For any other progress ratio than 80%, please put in the relevant progress ratio for c(2).c(1) / c(2) = 1 / 0.8 = c(0) * 1^-b / c(0) * 2^-b, simplifies to(1/2)^-b = 1 / 0.8, or-b = ln(1/0.8)/ln(1/2)giving b = 0.32.You can now insert b in the equation and compute any cost for any level of cumulative output, as long as you know the cost for the first unit. If you dont know the cost for the first unit you still know the relative cost reduction between any two doublings of output.In the following quiz, we will practice calculating marginal cost based on the learning curve. Let us presume that there are two competing plants which starts production on the same day. They are in an industry with a progress ratio of 80%. Let's call them plant A and B. Let's also assume that they both follow the same progress ratio and that the first unit produced costs 1 Euro to make. Plant A is built for a capacity of producing 100 units a month while plant B has a capacity of producing 200 units a month.The marginal cost schedules should be obtained for the two plantsMonth 1Month 2Month 3Month 4Month 5Cumulative production plant A100200300400500Marginal cost ACumulative production plant B2004006008001000Marginal cost B/!\ Please enter your answers with two decimals, as follows #.##
100 words discussion reply
A]Alex, the saying "labor in and of its own is worth nothing" is true because just because does the labor does not make th ...
100 words discussion reply
A]Alex, the saying "labor in and of its own is worth nothing" is true because just because does the labor does not make them as valuable as someone who works twice or even three times as hard them. The value of a laborer will always be on how hard they work and how much work they get done in the factory or wherever they work and not just doing the very minimum.Alex, the reasoning for the manager making more money than the factory workers is because there is more workers and usually just one manager, this one person is expected to be less expendable than the hundreds of factory workers and has to be in charge of all of these workers and do the jobs that are not hands on such as more paperwork and are expected to come up with ideas that can make the factory more efficient and make the owners of the company more money.B]The quote is true because labor is only worth the product you are producing. In a factory a line worker does not have to have a degree of higher education. They are just producing the product itself or have something to do with handling the product. In order to have your labor worth more a person must have a degree of some form. This is the reason why the manager gets to sit in his air conditioned office all day because that person has a higher form of education and they work with the logistic and economic side of things with the factory which is more important that producing the good itself. The job of working with and handling the widgets is a job that must be available to a wide variety of people because from a certain standpoint the company does not care about the employee that is working in those factories they just need to have their product made and shipped from point A to point B so they will sometimes pay those employees the bare minimum to keep from losing money.
3 pages
Discussion On Ai For The Real World
Do you agree or disagree with Davenport's conclusion on how he sees the Future Cognitive Yes, I do agree with the conclusi ...
Discussion On Ai For The Real World
Do you agree or disagree with Davenport's conclusion on how he sees the Future Cognitive Yes, I do agree with the conclusion on the future cognitive ...
8 pages
Student Loan Debt.
The debt loan in the United States of America is growing at a very high rate. The rate is increasing because of the increa ...
Student Loan Debt.
The debt loan in the United States of America is growing at a very high rate. The rate is increasing because of the increasing cost of education. Some ...
7 pages
The Great Recession 2008
The great recession was a significant downturn in the economy that brought devastation to the banking industries the real ...
The Great Recession 2008
The great recession was a significant downturn in the economy that brought devastation to the banking industries the real estate and in general the ...
Earn money selling
your Study Documents