Exam 3: Numerical Descriptive Measures

In a set of numerical data, the value for Q2 is always halfway between Q1 and Q3.

SCENARIO 3-11 Given below are the closing prices for the Dow Jones Industrial Average (DJIA) and the Standard & Poor's (S&P) 500 Index over 10-weeks sometime in the past. Dow Jones 10,421 10,110 9,862 10,475 9,920 10,592 11,213 10,933 11,134 10,316 S\&P 500 1,379 1,356 1,343 1,410 1,389 1,463 1,529 1,499 1,516 1,355 -Referring to Scenario 3-11, what is the sample correlation coefficient between the DJIA and theS&P 500 index?

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 variance of the carbohydrate amounts is (grams squared).

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, you will expect a decrease in the performance score of one laptop computer to be associated with

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 kurtosis statistic of the change in the cost?

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, what is the range of the rate of return?

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 third quartile of the number of vitamin supplements sold in this sample is _.

SCENARIO 3-11 Given below are the closing prices for the Dow Jones Industrial Average (DJIA) and the Standard & Poor's (S&P) 500 Index over 10-weeks sometime in the past. Dow Jones 10,421 10,110 9,862 10,475 9,920 10,592 11,213 10,933 11,134 10,316 S\&P 500 1,379 1,356 1,343 1,410 1,389 1,463 1,529 1,499 1,516 1,355 -Referring to Scenario 3-11, what is the sample covariance between the DJIA and the S&P 500 index?

The Z scores can be used to identify outliers.

In a perfectly symmetrical bell-shaped "normal" distribution

SCENARIO 3-10 The population of eight analysts at a software firm were asked to estimate the reuse rate when developing a new software system.The following data are given as a percentage of the total code written for a software system that is part of the reuse database. $50,62.5,37.5,75.0,45.0,47.5,15.0,25.0$ -Referring to Scenario 3-10, what is the mean percentage of the total code that is part of the reuse database?

A population with 200 elements has an arithmetic mean of 10.From this information, it can be shown that the population standard deviation is 15.

According to the Chebyshev rule, at least 75% of all observations in any data set are contained within how many standard deviations around the mean?

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 correlation coefficient between the performance scores and the rating?

In a set of numerical data, the value for Q3 can never be smaller than the value forQ1.

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 which of the following is the correct statement.

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 arithmetic mean age of the senior citizens to the nearest hundredth of a year.

3-22 Numerical Descriptive Measures The ordered array below represents the number of cargo manifests approved by customs inspectors of the Port of New York in a sample of 35 days: 16, 17, 18, 18, 19, 20, 20, 21, 21, 21, 22, 22, 22, 22, 23, 23, 23, 23, 24, 24, 24, 25, 25, 26, 26, 26, 27, 28, 28, 29, 29, 31, 31, 32, 32 Note: For this sample, the sum of the values is 838, and the sum of the squared differences between each value and the mean is 619.89. -Referring to Scenario 3-4, the median of the customs data is .

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, what type of shape does the distribution of the sample appear to have?

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 first quartile of the number of vitamin supplements sold in this sample is _.