Question

The following table shows data from a study done in 2011 in a business:

Month	Jan	Feb	Mar	Apr	May	June	July	Aug	Sept	Oct	Nov	Dic
Profit(Thousand of dollars)	80	220	190	123	250	80	250	190	128	122	220	250

A)What is the population? What is the sample?

B) Create a frequency table(s) for this data.

C) What month(s) represent the majority of the profits?

D) What month(s) has the highest profit?

Answer 1

A) according to the context given, the population would be the whole set of businesses and the sample would be the one we have taken to study

B) The frequency of a particular data value is the number of times the value is repeated, therefore the frequency table goes as below

80	2
220	2
190	2
123	1
250	3
128	1
122	1

C)Majority of the revenues is represented by the numbers 250, 220, 190 the months corresponding to this profit are feb, mar, may, july, aug, nov and dec

D) the months that has highest profit are may, july, dec