Math Problem Statement

The Station. xlsx file contains data for each family including the family size (large or small), income (high or low), and whether the family bought a station wagon. Use this file to perform the following exercises:

  • Does it appear that family size or income is a more important determinant of station wagon purchases?
  • Compute the percentage of station wagon purchasers that are high or low income. c. Compute the fraction of station wagon purchasers that come from each of the following four categories: High Income Large Family, High Income Small Family, Low Income Large Family, and Low Income Small Family.

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Data Analysis
Probability

Formulas

Percentage calculation: (Part/Total) * 100
Fraction calculation: Number in category/Total number of station wagon purchasers

Theorems

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Suitable Grade Level

Grades 10-12