Question

In: Statistics and Probability

Question 4: Using the compensation data, categorize the data into 13 categories, beginning with $400,000 <...

Question 4: Using the compensation data, categorize the data into 13 categories,
beginning with $400,000 < x < $800,000, $800,000 < x < $1,200,000, etc. (6 pts.)
CEO Total Comp Frequency
      400,000
      800,000
   1,200,000
   1,600,000
   2,000,000
   2,400,000
   2,800,000
   3,200,000
   3,600,000
   4,000,000
   4,400,000
   4,800,000
   5,200,000

I cannot provide the DATA because it dont let me post the question otherwise you can use any data just show me the way to do it

Solutions

Expert Solution

make a new column for bins

bins
400000
800000
1200000
1600000
2000000
2400000
2800000
3200000
3600000
4000000
4400000
4800000
5200000

suppose data in in column A

go to data -. data analysis -> histogram


This will create

bins Frequency
400000 5
800000 12
1200000 9
1600000 5
2000000 8
2400000 6
2800000 7
3200000 7
3600000 11
4000000 2
4400000 8
4800000 10
5200000 10
More 0

Note that I have 100 data points

hence the sum of frequency is 100


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