TABLE 2 below shows the publishing data (some data omitted) in terms of the revenue and the market value of…

Question

TABLE 2 below shows the publishing data (some data omitted) in terms of the revenue and the market value of the book titles published in 15 countries during 2013.

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Here are the solutions to your questions:

2.3.1: Give ONE possible reason why there is no recorded revenue data for Japan.

One possible reason is that the revenue data for Japan was not available or not collected in euros at the time the table was compiled.

2.3.2: Calculate the number of book titles published for Brazil if the range of the number of book titles published is 463 223.

Identify the minimum number of book titles published from the table.
The smallest number of book titles published is 4 612 (Belgium).
Use the given range and the fact that Brazil published the maximum number of titles.
The range is defined as the maximum value minus the minimum value. The note states that Brazil published the maximum number of book titles. Let $X$ be the number of book titles for Brazil.
$\text{Range} = \text{Maximum} - \text{Minimum}$ $463\,223 = X - 4\,612$
Solve for $X$ .
$X = 463\,223 + 4\,612$ $X = \boxed{467\,835}$
2.3.3: Calculate the median number of book titles published.
List all the "NUMBER OF BOOK TITLES PUBLISHED" values, including Brazil's value from 2.3.2, and arrange them in ascending order.
The values are:
4 612 (Belgium)
6 373 (Norway)
8 870 (Finland)
24 177 (Netherlands)
43 146 (Korea)
47 352 (Turkey)
64 117 (Italy)
76 434 (Spain)
77 910 (Japan)
93 600 (Germany)
95 483 (France)
184 000 (UK)
304 912 (USA)
444 000 (China)
467 835 (Brazil)
Determine the median position.
There are 15 data points. The median is the value at the $\frac{n+1}{2}$ position.
$\text{Median position} = \frac{15+1}{2} = \frac{16}{2} = 8^{th}$
Identify the 8th value in the ordered list.
The 8th value in the list is 76 434.
$\text{Median} = \boxed{76\,434}$
2.3.4: Determine the modal market value in euros (€).
List the "MARKET VALUE (m€)" values from the table.
28 265, 15 342, 9 536, 3 875, 5 409, 4 879, 4 401, 2 708, 2 239, 1 838, 1 729, 1 497, 743, 338, 252.
Identify any values that appear more than once.
Each value in the "MARKET VALUE (m€)" column appears only once. Therefore, there is no value that occurs with the highest frequency.
$\text{The modal market value does not } \boxed{\text{exist}}$
2.3.5: Determine the number of countries where the euro (€) is the local currency.
Identify countries where the value in m€ is equal to the value in mLC for either Revenue or Market Value.
This indicates that the local currency is the Euro.
- Germany: Revenue (m€) = Revenue (mLC) = 5 567; Market Value (m€) = Market Value (mLC) = 9 536.
- France: Revenue (m€) = Revenue (mLC) = 2 687; Market Value (m€) = Market Value (mLC) = 4 401.
- Spain: Revenue (m€) = Revenue (mLC) = 2 060; Market Value (m€) = Market Value (mLC) = 2 708.
- Italy: Revenue (m€) = Revenue (mLC) = 1 645; Market Value (m€) = Market Value (mLC) = 1 838.
- Netherlands: Revenue (m€) = Revenue (mLC) = 1 108; Market Value (m€) = Market Value (mLC) = 1 497.
- Finland: Revenue (m€) = Revenue (mLC) = 254; Market Value (m€) = Market Value (mLC) = 338.
- Belgium: Revenue (m€) = Revenue (mLC) = 240; Market Value (m€) = Market Value (mLC) = 252.
Count the identified countries.
There are 7 countries where the euro is the local currency.
$\text{Number of countries} = \boxed{7}$
2.3.6: Calculate, as a percentage, the probability of randomly selecting a country whose market value of the published book titles is more than 1 billion euro.
Convert 1 billion euro to millions of euros (m€).
1 billion euro = 1 000 million euro = 1 000 m€.
Count the number of countries with a "MARKET VALUE (m€)" greater than 1 000 m€.
- USA (28 265 m€)
- China (15 342 m€)
- Germany (9 536 m€)
- UK (3 875 m€)
- Japan (5 409 m€)
- Korea (4 879 m€)
- France (4 401 m€)
- Spain (2 708 m€)
- Brazil (2 239 m€)
- Italy (1 838 m€)
- Turkey (1 729 m€)
- Netherlands (1 497 m€) There are 12 countries with a market value greater than 1 000 m€.
Calculate the probability as a percentage.
Total number of countries = 15.
$\text{Probability} = \frac{\text{Number of countries with market value } > 1\,000 \text{ m€}}{\text{Total number of countries}} \times 100\%$ $\text{Probability} = \frac{12}{15} \times 100\%$ $\text{Probability} = 0.8 \times 100\% = \boxed{80\%}$

TABLE 2 below shows the publishing data (some data omitted) in terms of the revenue and the market value of the book titles published in 15 countries during 2013.

Step-by-step solution

Identify the minimum number of book titles published from the table.

Use the given range and the fact that Brazil published the maximum number of titles.

Solve for $X$ .

List all the "NUMBER OF BOOK TITLES PUBLISHED" values, including Brazil's value from 2.3.2, and arrange them in ascending order.

Determine the median position.

Identify the 8th value in the ordered list.

List the "MARKET VALUE (m€)" values from the table.

Identify any values that appear more than once.

Identify countries where the value in m€ is equal to the value in mLC for either Revenue or Market Value.

Count the identified countries.

Convert 1 billion euro to millions of euros (m€).

Count the number of countries with a "MARKET VALUE (m€)" greater than 1 000 m€.

Calculate the probability as a percentage.

Still stuck on this one?

More Mathematics Questions

TABLE 2 below shows the publishing data (some data omitted) in terms of the revenue and the market value of the book titles published in 15 countries during 2013.

Step-by-step solution

Identify the minimum number of book titles published from the table.

Use the given range and the fact that Brazil published the maximum number of titles.

Solve for XXX.

List all the "NUMBER OF BOOK TITLES PUBLISHED" values, including Brazil's value from 2.3.2, and arrange them in ascending order.

Determine the median position.

Identify the 8th value in the ordered list.

List the "MARKET VALUE (m€)" values from the table.

Identify any values that appear more than once.

Identify countries where the value in m€ is equal to the value in mLC for either Revenue or Market Value.

Count the identified countries.

Convert 1 billion euro to millions of euros (m€).

Count the number of countries with a "MARKET VALUE (m€)" greater than 1 000 m€.

Calculate the probability as a percentage.

Still stuck on this one?

More Mathematics Questions

Solve for $X$ .