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The Following Information Regarding the Top Eight Fortune 500 Companies

Question 104

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The following information regarding the top eight Fortune 500 companies was presented in an issue of Fortune Magazine.
 Sales  Sales  Protits  Profits  Company $ Millions  Rank $ Millions  Rank  General Motors 161,31512,95630 Ford Motor 144,416222,0712 Wal-Mat Stores 139,20834,43014 Exzon 100,69746,3705 General Electric 100,46959,2693 Int1 Business Machines 81,66766,3286 Citigroup 76,43175,807 Philip Morris 57,81385,3729 Boeing 56,15491,12082 AT&T 53,588106.3984\begin{array}{lrrr}&\text { Sales } & \text { Sales } & \text { Protits } & \text { Profits } \\\text { Company }&\$ \text { Millions } & \text { Rank } & \$ \text { Millions } & \text { Rank }\\\text { General Motors } & 161,315 & 1 & 2,956&30 \\\text { Ford Motor } & 144,416 & 2 & 22,071&2 \\\text { Wal-Mat Stores } & 139,208 & 3 & 4,430&14 \\\text { Exzon } & 100,697 & 4 & 6,370&5 \\\text { General Electric } & 100,469 & 5 & 9,269 &3\\\text { Int1 Business Machines } & 81,667 & 6 & 6,328 &6\\\text { Citigroup } & 76,431 & 7 & 5,807 &\\\text { Philip Morris } & 57,813 & 8 & 5,372&9 \\\text { Boeing } & 56,154 & 9 & 1,120&82 \\\text { AT\&T } & 53,588 & 10 & 6.398&4\end{array}
a. How many elements are in the above data set?
b. How many variables are in this data set?
c. How many observations are in this data set?
d. Which variables are categorical and which are quantitative variables?
e. What measurement scale is used for each variable?

Correct Answer:

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a. 10
b. 4
c. 10
d. Sales and ...

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