Exam 4: Descriptive Statistical Measures

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The table below shows the daily frequency of female customers at a particular ice cream shop during discount sale periods.The data is collected for 5 days.Calculate the mean for the data. Female Customer Frequency Days (x) Frequency (f) 1 0 2 5 3 8 4 11 5 18

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For grouped data, mean, xˉ=i=1nfixin \bar{x}=\frac{\sum_{i=1}^{n} f_{i} x_{i}}{n} , where n n is the number of observations, and flxj f_{l} \mathrm{x}_{j} is individual frequencies multiplied by the corresponding number of days.

 Female  Customer  Frequency  Days (x)  Frequency (x) Frequency* Days 100251038244114451890 Sum 42168 Mean 4\begin{array}{|l|l|l|}\hline \begin{array}{l}\text { Female } \\\text { Customer } \\\text { Frequency }\end{array} & & \\\hline & & \\\hline \text { Days (x) } & \begin{array}{l}\text { Frequency } \\(\mathbf{x})\end{array} & \text { Frequency* Days } \\\hline 1 & 0 & 0 \\\hline 2 & 5 & 10 \\\hline 3 & 8 & 24 \\\hline 4 & 11 & 44 \\\hline 5 & 18 & 90 \\\hline \text { Sum } & 42 & 168 \\\hline & & \\\hline & \text { Mean } & 4 \\\hline\end{array}

First we multiply individual frequencies by their corresponding number of day. Then we add the multiplied values to ohtain i=1nfixi \sum_{i=1}^{n} f_{i} x_{i} .

Here,
i=1nfixi=168 \sum_{i=1}^{n} f_{i} x_{i}=168
n n is calculated to be 42 .
Therefore the mean, xˉ=168/42=4 \bar{x}=168 / 42=4 . xˉ=4 \bar{x}=4 .

Two variables can only have a statistical relationship if there is a cause-and-effect factor between them.

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Use the table below to answer the following question(s). Below is a table showing the costs per order of items bought by a computer hardware store. Supplier Item Description Cost per Order Aloham Technologies Monitors \ 250 Aloham Technologies Hard Disks \ 220 Aloham Technologies Power Supply \ 88 Aloham Technologies Graphics Card \ 300 Aloham Technologies Processor \ 325 Aloham Technologies Speakers \ 88 MindRoot Hardwares Flashdrive \ 9 MindRoot Hardwares Graphics Card \ 299 MindRoot Hardwares CD-ROM \ 88 MindRoot Hardwares Bluetooth Device \ 80 -Calculate the mode for the cost per order data.

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In statistics, ________ refers to the peakedness or flatness of a histogram.

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Which of the following describes variance?

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One of the properties of the mean is that the sum of the deviations of each observation from the mean is zero.

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Use the spreadsheet below to answer the following question(s). Below is the table showing rate of shoes sold per day and the highest-priced shoe sold that day for a one-week period.The rate of shoes sold per day (X)and the price of the shoes (Y). Shoes sold in \% () Price (Y) 15 \ 48 27 \ 55 10 \ 40 13 \ 88 25 \ 53 9 \ 47 18 \ 40 -Use Excel to calculate the standard deviation for Y.

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State the three empirical rules in standard deviation.

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________ is a measure of the linear association between two variables, X and Y.

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Below is the data collected from a manufacturing process for a part whose dimensions are specified as 4.00 ± 0.1 centimetres.Calculate the process capability index within three standard deviations of the mean. Below is the data collected from a manufacturing process for a part whose dimensions are specified as 4.00 ± 0.1 centimetres.Calculate the process capability index within three standard deviations of the mean.

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Which of the following values of the coefficients of variation of stocks represents the least risky stock?

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The ________ is the observation that occurs most frequently.

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A sample is a subset of a population.

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Calculate the standard deviation for cost per order in the following table. Observation Costper order 1 \ 1345 2 \ 4364 3 \ 1768 4 \ 2278 5 \ 4332 6 \ 2984 7 \ 3326

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For an odd number of observations, the median is the mean of the two middle numbers.

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Which of the following is a difference between a mean and a median?

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For two variables, a positive correlation coefficient indicates ________.

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Which of the following is the equation used for computing the sample correlation coefficient?

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In the equation Cp = upper specification - lower specification/total variation, what does Cp denote?

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In stock trading, the higher the coefficient of variation for the stock, the smaller the relative risk is for the return provided.

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