Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

Fortune publishes data on sales, profits, assets, stockholders\' equity, market

ID: 3067075 • Letter: F

Question

Fortune publishes data on sales, profits, assets, stockholders' equity, market value, and earnings per share for the 500 largest U.S. industrial corporations (Fortune 500, 2012). Assume that you want to select a simple random sample of 10 corporations from the Fortune 500 list. Use the last three digits in column 9 of Table 7.1, beginning with 554. Read down the column and identify the numbers of the 10 corporations that would be selected.

63271 59986 71744 51102 1514 80714 58683 93108 13554 79945 88547 09896 95436 79115 08303 01041 20030 63754 08459 28364 55957 57243 83865 09911 19761 66535 40102 26646 60147 15702 46276 87453 44790 67122 45573 84358 21625 55363 07449 34835 69393 92785 49902 58447 42048 30378 87618 26933 40640 13186 29431 88190 04588 38733 81290 89541 70290 40113 08243 17726 28652 56836 78351 4732718518 92222 55201 27340 36520 64465 05550 30157 82242 29520 69753 72602 23756 54935 81628 36100 39254 56835 37636 02421 98063 89641 64953 99337 84649 48968 75215 75498 49539 74240 03466 49292 36401 45525 63291 70502 53225 03655 05915 37140 57051 48393 91322 25653 06543 06426 24771 59935 49801 11082 66762 9447702494 88215 27191 0711 55609 29430 70165 45406 78484 31639 52009 18873 96927 41990 70538 77191 25860 55204 73417 83920 69468 74972 38712 72452 36618 76298 26678 89334 33938 95567 29380 75906 91807 37042 40318 57099 53766 52875 15987 46962 67342 7759257651 95508 80033 69828 90585 58955 53122 32001 96293 37203 64516 51530 37069 40261 61374 05815 06714 62606 64324 46354 72157 67248 20135 49804 09226 64419 29457 10078 28073 85389 50324 14500 15562 64165 06125 71353 77669 91561 46145 24177 15294 10061 98124 75732 00815 83452 97355 13091 16999 13385 22782 15290 76616 6719 12777 21861 68689 03263 16281 10493 11618 12613 75055 43915 26488 41116 64531 56827 30825 10528 0992589773 41335 96244 29002 46453 16025 84299 53310 67380 84249 25348 04332 98112 53959 79607 52244 63303 10413 63839 74762 50289

Explanation / Answer

Using MINITAB

Choose Calc > Random Data > Sample From Columns.

In Number of rows to sample, enter 10. In From columns, enter 9th column of 7.1 table.

In Store samples in, enter Random Sample, then click OK.

We get following sample numbers


MTB > Sample 10 'data' 'Random sample'.
MTB > print C2

Data Display

Random sample
   689     2   147   385   640   554   459   401   340   452

First Corporation    68689

Second Corporation      29002

Third Corporation          60147

Fourth Corporation         13385

Fifth Corporation            40640

Sixth Corporation           13554

Seventh Corporation       08459

Eighth Corporation         36401

Ninth Corporation           27340

Tenth Corporation           83452