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Part 1Question 2 For the Business major 80% of the schools were private and 20% of the schools were public For the Engineering Major. 55% of the schools were private while 45% were public. Question 3 Business major Frequency distribution Class Frequency 0.06-0.065 0 0.065-0.07 2 0.07-0.075 9 0.075-0.08 3 0.08-0.085 2 0.085-0.09 0 0.09-0.095 1 0.095-0.1 1 0.1-0.105 2 0.105-0.11 0 Histogram The histogram shows that the distribution of the Annual % ROI is almost normally distributed. Engineering and \$1 800 000 probability that a college with the ‘School Type’ ‘Private’ =0.55 Probability of ’30-Year ROI’ between \$1 500 000 and \$1 800 000= 1120 =0.55 Therefore probability that a college with the ‘School Type’ ‘Private’ has a ’30-Year ROI’ between \$1 500 000 and \$1 800 000 is = 0.55 * 0.55 Therefore probability that a college with the ‘School Type’ ‘Private’ has a ’30-Year ROI’ between \$1 500 000 and \$1 800 000 = 0.3025 [...]

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Words 275

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