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: a. Does it appear that family size or income is a more important determinant of station wagon purchases? b. 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

Data Analysis
Percentages
Fractions
Statistics

Formulas

Percentage = (part / whole) * 100
Fraction = part / whole

Theorems

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Suitable Grade Level

Grades 10-12