Topics: relative frequency, dot plots, stem plots, histograms, soCs, measures of center and spread, five-number summary, determining outliers, box plots, comparing distributions

Congratulations, you're a CEO! You now run a 10 person company and the first thing you need to do is set salaries for your employees!

The salaries must sum to $1 million dollars total.

Largest university endowments. University endowments are financial assets that are donated by supporters to be used to provide income to universities. There is a large discrepancy in the size of university endowments. The following table provides a listing of many universities that have the largest endowments as reported by the National Association of College and University Business Officers in 2017.

a. A frequency distribution (classes 0 - 1.9, 2.0 - 3.9, 4.0 - 5.9 , 6.0 - 7.9 and so on)

b.  A relative frequency distribution.

c. A cumulative frequency distribution.

d. A cumulative relative frequency distribution.

e. What do these distributions tell you about the endowments of universities.

f. Show a histogram. Comment on the shape of the distribution.

g. What is the largest university endowment and which university holds it.

A partial relative frequency distribution is given.

a. What is the relative frequency of class D?

b. The total sample size is 200. What is the frequency of class D?

c. Show the frequency distribution.

d. Show the percent frequency distribution.