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saw5 [17]
3 years ago
13

The data set below shows annual healthcare expenditures for 192 countries. Create a histogram of the data using the bins provide

d in column D.

Business
1 answer:
choli [55]3 years ago
8 0

Hello, you have not provided the data set, therefore, I will show you how to create a histogram in general for a randomly generated data set and you can apply the same technique to your data.

Answer and explanation:

A histogram is a graph representing the distribution of numerical data for one variable, the purpose of a histogram is to display useful quantitative data easy to read. In it, the heights of a bar represent the frequency for a group of values in our data set. For my 192 random generated values, between 0 and 103, I used the free web-based tool 'socscistatistics' to create the histogram, with this tool you can modify the number of classes accordingly to your need, for my case I used 8 classes what means that I divided the randomly generated set of number between 0 to 103 into eight groups.

Random data set:

7 81 5 67 37 92 71 60 92 12 86 88 20 57 72 18 96 70 91 63 75 10 11 4 74 87 17 60 88 61 94 35 18 81 55 1 33 94 91 13 36 95 55 67 73 77 84 16 51 47 71 20 97 7 74 68 33 73 46 25 25 54 87 30 52 34 13 19 32 80 74 22 23 98 75 22 58 12 5 84 88 73 4 58 43 25 69 32 27 87 60 27 51 53 86 61 51 64 51 70 6 42 18 11 41 64 41 9 96 61 47 41 75 41 27 42 90 68 53 31 23 92 31 85 94 37 18 48 47 32 63 55 15 15 68 46 70 54 85 79 23 68 64 58 22 52 43 19 49 73 1 12 30 85 63 40 7 61 33 34 10 74 2 28 29 7 99 72 36 53 75 56 56 56 33 99 60 71 19 71 90 16 66 65 90 52 9 32 60 96 62 76

(In your case take column D)

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t is often costly to obtain the information necessary to make good decisions. yet your own interests can be best served by ratio
goldenfox [79]

Answer:

The answer is below

Explanation:

1. Yes, making uninformed decisions is irrational. This is because it will cost the individuals making uninformed decisions to lose money in the process. Such individuals may also lose another important aspect concerning their decision, such as technological advantage, political assistance, social benefits, economic privilege, etc.

2. To determine how much information is the right amount is to ensure you continue to acquire information as long as the benefit of the additional information exceeds the additional costs. Otherwise, it is no longer the right amount anymore.

3 0
3 years ago
Advances in technology have reduced the cost of manufacturing MP3 players if demand does not change
Andrews [41]
Because MP3 players cost less to make, if demand does not change, there will be more profit. This is because there would be the same amount demand and less money being made into making the product, meaning less expense, which means a bigger profit.
5 0
3 years ago
Under the perpetual inventory system, in addition to making the entry to record a sale, a company would
kotegsom [21]

Under the perpetual inventory system, in addition to making the entry to record a sale, a company would: a. debit Inventory and credit Cost of Goods Sold.

<h3>What is Inventory ?</h3>

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There are four types of inventory: raw materials/components, work in progress (WIP), finished goods, and maintenance and repair (MRO).

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5 0
2 years ago
Whispering is a corporation that sells breakfast cereal. Based on the accounts listed below, what are Whispering's total trade r
Leto [7]

Answer:

the total trade receivable is $12,300

Explanation:

The computation of the total trade receivable is shown below:

= note due from customer + Due and unpaid from this month's sales + Due and unpaid from last month's sales

= $1,570 + $9,730 + $1,000

= $12,300

Hence, the total trade receivable is $12,300

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8 0
3 years ago
Joe's Tasty Burger has determined that its production facility has a design capacity of 400 hamburgers per day. The effective ca
Nat2105 [25]

Answer:

Design Capacity Utilization= 75%

Production efficiency = 120%

Explanation:

Okay, so the question is to determine both the design and the effective capacity utilization measures and make a conclusion from there

1. The Capacity Utilization = The Actual Output/ Design Capacity

Actual Output= 300 hamburgers a day

Design Capacity = 400 Hamburgers a day

Therefore Capacity Utilization = 300 hamburgers/400 hamburgers x 100

= 75%

2. The Efficiency of the production = The Actual Output / The Effective Capacity

Actual Output = 300 Hamburgers a  day

Effective Capacity = 250 hamburgers

= 300 Hamburgers/ 250 Hamburgers x 100

= 120%

Conclusion

First we see that the actual utilization of capacity is more better than the effective capacity and this is good. Also, the Design Capacity is higher than the actual capacity utilization which should also be expected as design capacity is a calculation based on ideal conditions that may be not realistic in real life conditions.

3 0
3 years ago
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