Question: NRF/BIC research provided results of a consumer holiday spending survey ( USA Today. December 20. 2005). The following data provide the dollar amount of holiday spending for a sample of 25 consumers.
a. What is the lowest holiday spending? The highest?
b. Use a class width of 5250 to prepare a frequency distribution and a percent frequency distribution for the data.
c. Prepare a histogram and comment on the shape of the distribution.
d. What observations can you make about holiday spending?