Exam 3: Numerical Descriptive Measures

The median of the values 3.4, 4.7, 1.9, 7.6, and 6.5 is 1.9.

SCENARIO 3-2 The data below represent the number of grams of carbohydrates in a serving of breakfast cereal in a sample of 11 different servings. $11,15,23,29,19,22,21,20,15,25,17$ -Referring to Scenario 3-2, the five-number summary of the carbohydrate amounts consists of_, , , , .

A boxplot is a graphical representation of a five-number summary.

In a right-skewed distribution

SCENARIO 3-7 In a recent academic year, many public universities in the United States raised tuition and fees due to a decrease in state subsidies.The change in the cost of tuition, a shared dormitory room, and the most popular meal plan from the previous academic year for a sample of 10 public universities were as follows: $1,589, $593, $1,223, $869, $423, $1,720, $708, $1425, $922 and $308. -Referring to Scenario 3-7, what is the skewness statistic of the change in the cost?

The interquartile range is a measure of central tendency in a set of data.

SCENARIO 3-3 The ordered array below represents the number of vitamin supplements sold by a health food store in a sample of 16 days. $19,19,20,20,22,23,25,26,27,30,33,34,35,36,38,41$ Note: For this sample, the sum of the values is 448, and the sum of the squared differences between each value and the mean is 812. -Referring to Scenario 3-3, the skewness statistic of the number of vitamin supplements sold in this sample is .

The coefficient of variation is a measure of relative variation.

SCENARIO 3-3 The ordered array below represents the number of vitamin supplements sold by a health food store in a sample of 16 days. $19,19,20,20,22,23,25,26,27,30,33,34,35,36,38,41$ Note: For this sample, the sum of the values is 448, and the sum of the squared differences between each value and the mean is 812. -Referring to Scenario 3-3, the coefficient of variation of the number of vitamin supplements sold in this sample is percent.

SCENARIO 3-1 Health care issues are receiving much attention in both academic and political arenas.A sociologist recently conducted a survey of citizens over 60 years of age whose net worth is too high to qualify for Medicaid.The ages of 25 senior citizens were as follows: 60 61 62 63 64 65 66 68 68 69 70 73 73 74 75 76 76 81 81 82 86 87 89 90 92 -Referring to Scenario 3-1 determine the first quartile of the ages of the senior citizens.

SCENARIO 3-8 The following table represents the assets in billions of dollars of the five largest bond funds sometime in the past. $\begin{array} { | l | c | } \hline \text { Bond Fund } & \text { Assets (Billions \$) } \\\hline \text { PIMCO Total Return Fund } & 246 \\\hline \text { Vanguard Total Bond Market Index Fund } & 110 \\\hline \text { Templeton Global Bond Fund } & 57 \\\hline \text { Vanguard Total Bond Market Index Fund II } & 56 \\\hline \text { Vanguard Inflation-Protected Securities } & 43 \\\hline\end{array}$ -Referring to Scenario 3-8, what is the mean for this population of the five largest bond funds?

Which of the following is sensitive to extreme values?

In a boxplot, the box portion represents the data between the first and third quartile values.

SCENARIO 3-5 The rate of return of a Fortune 500 company over the past 15 years are: 3.17\%,4.43\%,5.93\%,5.43\%, 7.29\%,8.21\%,6.23\%,5.23\%,4.34\%,6.68\%,7.14\%,-5.56\%,-5.23\%,-5.73\%,-10.34\% -Referring to Scenario 3-5, construct a boxplot for the rate of return.

SCENARIO 3-2 The data below represent the number of grams of carbohydrates in a serving of breakfast cereal in a sample of 11 different servings. $11,15,23,29,19,22,21,20,15,25,17$ -Referring to Scenario 3-2, the standard deviation of the carbohydrate amounts isgrams.

SCENARIO 3-2 The data below represent the number of grams of carbohydrates in a serving of breakfast cereal in a sample of 11 different servings. $11,15,23,29,19,22,21,20,15,25,17$ -Referring to Scenario 3-2, construct a boxplot for the carbohydrate amounts.

SCENARIO 3-12 Given below are the rating and performance scores of 15 laptop computers. Performance Score 115 191 153 194 236 184 184 216 Overall Rating 74 78 79 80 84 76 77 92 Performance Score 185 183 189 202 192 141 187 Overall Rating 83 78 77 78 78 73 77 -Referring to Scenario 3-12, what is the sample covariance between the performance scores and the rating?

SCENARIO 3-1 Health care issues are receiving much attention in both academic and political arenas.A sociologist recently conducted a survey of citizens over 60 years of age whose net worth is too high to qualify for Medicaid.The ages of 25 senior citizens were as follows: 60 61 62 63 64 65 66 68 68 69 70 73 73 74 75 76 76 81 81 82 86 87 89 90 92 -Referring to Scenario 3-1, calculate the standard deviation of the ages of the senior citizens correct to the nearest hundredth of a year.

SCENARIO 3-1 Health care issues are receiving much attention in both academic and political arenas.A sociologist recently conducted a survey of citizens over 60 years of age whose net worth is too high to qualify for Medicaid.The ages of 25 senior citizens were as follows: 60 61 62 63 64 65 66 68 68 69 70 73 73 74 75 76 76 81 81 82 86 87 89 90 92 -Referring to Scenario 3-1, determine the interquartile range of the ages of the senior citizens.

As a rule, a value is considered an extreme value if its Z score is less than -3.