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A study of Kickstarter projects showed that 54.2% were successful, that is, achieved its goal and raised at least the targeted goal amount.
A study of Kickstarter projects showed that 54.2% were successful,
that is, achieved its goal and raised at least the targeted goal
amount. In an effort to identify network dynamics that influences
success, projects were subdivided into projects of owners who had
backed other projects before, during or after creating their project
(owners with backing history) and projects of owners without backing
history. The results are as follows:
Project Owner’s Backing
History
Project Outcome
Backing
History
No Backing
History Total
Successful 17,667 19,202 36,869
Not successful 10,921 20,267 31,188
Total 28,588 39,469 68,057
Source: Data extracted from Zvilichovsky et al., “Playing Both
Sides of the Market: Success and Reciprocity on Crowdfunding
Platforms,” bit.ly/OoyhqZ.
a. Construct contingency tables based on total percentages, row
percentages, and column percentages.
In November 2013, the National Small Business Association
(NSBA) surveyed small business owners with fewer than 500
employees. The purpose of the study was to gain insight into how
America’s small businesses are dealing with rising health care
costs, what kind of benefits they offer, and how the Affordable
Care Act (ACA) is impacting their business. Small business owners
were asked if they offered a health benefits plan to their employees
that included fitness programs and/or gym memberships,
and if so, what portion (%) of the employee’s cost for the plan the
business paid. The following frequency distribution was formed to
summarize the portion of plan cost paid for 70 small businesses
who offer this health-related benefit to employees:
Portion of Plan Cost Paid (%) Frequency
less than 1% 17
1% to 20% 7
21% to 50% 7
51% to 75% 4
76% to 100% 35
Source: Data extracted from “NSBA 2014 Small Business
Health Care Survey,” bit.ly/NaQwzb.
a. What percentage of small businesses pays less than 21% of the
employee monthly health-care premium?
b. What percentage of small businesses pays between 21% and
75% of the employee monthly health-care premium?
c. What percentage of small businesses pays more than 75% of
the employee monthly health-care premium?