Distributions - Relative Frequency Table
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Part I: Find 50 numbers in documents that are available to the general public (newspapers, magazines, etc.) and record the first nonzero digit. Summarize the results in the relative frequency table on the next page (be sure to use the column "first digits"). Identify the source(s) of your numbers here.
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Solution Summary
The solution is provided in an attachment in 300-350 words, answering each question with an appropriate short answer regarding distributions. The data is also attached in an Excel file.
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Please refer to the attachment.
Part I: Find 50 numbers in documents that are available to the general public (newspapers, magazines, etc.) and record the first nonzero digit. Summarize the results in the relative frequency table on the next page (be sure to use the column "first digits"). Identify the source(s) of your numbers here.
We used the beginning stock price data from "Crystal Ball Report", simulated on Feb. 27, 2004. We use start value in this column and restrict the sample size to 50. However, due to the homogeneity of the prices, we pick up the number right before the dot. (The one-dollar unit digit.)
Part II: Find 50 numbers in documents available to the general public and record the last nonzero digit. Summarize the results in the frequency table on the next page (be sure to use the column "last digits"). Identify the source(s) of your numbers here.
For simplicity, we used the end stock price data from "Crystal Ball Report", simulated on Feb. 27, 2004. We use start value in this column and restrict the sample size to 50. However, due to the homogeneity of the prices, we pick up the number right before the dot. (The one-dollar unit digit.)
Part III: If the digits 1 through 9 occurred with equal frequency, then the probability ...
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