The Accompanying Data Came From A Study Of Collusion In Bidding Within The Construction Industry No Bidders No Contrac 1 (21.38 KiB) Viewed 178 times
The accompanying data came from a study of collusion in bidding within the construction Industry No. Bidders No. Contracts 2 8 3 20 4 24 5 12 6 13 7. 8 8 6 9 7 10 4 11 3 1 USE SALT (a) What proportion of the contracts involved at most five bidders? At least five bidders? (Round your answers to four decimal places) at most five bidders at least five bidders (b) What proportion of the contracts involved between five and 10 bidders, inclusive? Strictly between five and 10 bidders? (Round your answers to four decimal places.) between five and 10 bidders, Indusive strictly between five and 10 bidders
O Construct a histogram/bar chart 30 30 so 25 25 23 20 20 Gunbar 20 15 Frequency 15 Frequency 15 10 10 3 5 5 0 0 2 3 4 5 6 7 8 9 10 11 Number of bidders 2 3 4 5 6 7 8 9 10 11 Number of bidders 2 3 4 5 6 7 8 9 10 11 Number of bidders O DO DO 30 25 20 Frequency 15 10 5 23+567 3 9 10 11 Number of bidders Comment on interesting features The distribution of number of bidders is skewed, ranging from a low of 1 bidders to a high of bidders, with a typical value of around 4-5 bidders
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