East West University

Department of Economics
ECO 104(6); Fall’ 2023
Assignment I (Lab)
Instructor: Sayeeda Jahan (SYJ)

1. The following data show the number of rental cars in service for three rental car
companies: Hertz, Avis, and Dollar. The data are for the years 2007–2010 and are in
thousands of vehicles (Auto Rental News website, May 15, 2011).
(4+2+4 marks)

a. Construct a time series graph for the years 2007 to 2010 showing the number of
rental cars in service for each company. Show the time series for all three
companies on the same graph.
b. Comment on who appears to be the market share leader and how the market
shares are changing over time.
c. Construct a bar chart showing rental cars in service for 2010. Is this chart based
on cross-sectional or time series data?

2. Nearly 1.8 million bachelor’s degrees and over 750,000 master’s degrees are
awarded annually by U.S. postsecondary institutions (National Center for Education
Statistics website, November, 2014). The Department of Education tracks the field
of study for these graduates in the following categories: Business (B), Computer
Sciences and Engineering (CSE), Education (E), Humanities (H), Natural Sciences
and Mathematics (NSM), Social and Behavioral Sciences (SBS), and Other (O).
Consider the following samples of 100 graduates:
(3+3+3+3+3+3+2 marks)

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a. Provide a relative frequency distribution of field of study for each degree.
b. Provide a percent frequency distribution of field of study for each degree.
c. Construct a bar chart for field of study for each degree.
d. Construct a pie chart for the percentages of field of study for each degree.
e. What is the lowest percentage field of study for each degree?
f. What is the highest percentage field of study for each degree?
g. Which field of study has the largest increase in percentage from bachelor’s to
masters’?

3. CBSSports.com developed the Total Player Ratings system to rate players in the
National Basketball Association (NBA) based upon various offensive and defensive
statistics. The following data show the average number of points scored per game
(PPG) for 50 players with the highest ratings for a portion of the 2012–2013 NBA
season (CBSSports.com website, February 25, 2013).
(15 marks)

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Use classes starting at 10 and ending at 30 in increments of 2 for PPG in the following.
a. Show the frequency distribution.
b. Show the relative frequency distribution.
c. Show the cumulative percent frequency distribution.
d. Develop a histogram for the average number of points scored per game.
e. Do the data appear to be skewed? Explain.

4. Construct a stem-and-leaf display for the following data. Use a leaf unit of 10.
(5 marks)

[Hint: Appendix 2.2 of the book chapter will be immensely helpful to solve this assignment
by using MS Excel.]

Best of luck!

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