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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Assets again. Here are the same data you saw in Exercise 37 after re-expressions as the square root of assets and the logarithm of assets:
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a) Which re-expression do you prefer? Why?
b) In the square root re-expression, what does the value 50 actually indicate about the company’s assets?
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c) In the logarithm re-expression, what does the value 3 actually indicate about the company’s assets?
Exercise 37
Assets. Here is a histogram of the assets (in millions of dollars) of 79 companies chosen from the Forbes list of the nation’s top corporations:

a) What aspect of this distribution makes it difficult to summarize, or to discuss, center and spread?
b) What would you suggest doing with these data if we want to understand them better?
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