Exam 3: Statistical Description of Data
Exam 1: A Preview of Business Statistics55 Questions
Exam 2: Visual Description of Data67 Questions
Exam 3: Statistical Description of Data146 Questions
Exam 4: Data Collection and Sampling Methods104 Questions
Exam 5: Probability: Review of Basic Concepts188 Questions
Exam 6: Discrete Probability Distributions140 Questions
Exam 7: Continuous Probability Distributions160 Questions
Exam 8: Sampling Distributions108 Questions
Exam 9: Estimation From Sample Data150 Questions
Exam 10: Hypothesis Tests Involving a Sample Mean or Proportion170 Questions
Exam 11: Hypothesis Tests Involving Two Sample Means149 Questions
Exam 12: Analysis of Variance Tests173 Questions
Exam 13: Chi-Square Applications134 Questions
Exam 14: Nonparametric Methods139 Questions
Exam 15: Simple Linear Regression and Correlation145 Questions
Exam 16: Multiple Regression and Correlation98 Questions
Exam 17: Model Building83 Questions
Exam 18: Models for Time Series and Forecasting127 Questions
Exam 19: Decision Theory82 Questions
Exam 20: Total Quality Management132 Questions
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Salaries
The salaries (in thousands of dollars)for a sample of 13 employees of a firm are: 26.5,23.5,29.7,24.8,21.1,24.3,20.4,22.7,27.2,23.7,24.1,24.8,and 28.2.
-Compute the mean salary.
(Short Answer)
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For a set of data,the mean is 50 and the standard deviation is 10.In the raw data,one of the observations is equal to 74.After the data are standardized,what will be the standardized value of this observation?
(Multiple Choice)
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Sample data
Consider the following sample data: 6,10,4,3,7,9,21,and 14.
-What is the mean absolute deviation?
(Short Answer)
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The Empirical Rule states that the percentage of observations in a data set (providing that the data set has a bell-shaped and symmetric distribution)that fall within one standard deviation of their mean is approximately:
(Multiple Choice)
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Intervals
Let x be the class mark for each of the intervals below. Interval Frequency 0-2 2 3-5 6 6-8 10 9-11 5 12-14 2
-Compute the sample standard deviation for the data above.
(Short Answer)
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When the standard deviation is expressed as a percentage of the mean,the result is the:
(Multiple Choice)
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If the coefficient of correlation r is negative,the dependent variable y and the independent variable x are said to be ____________________ related.
(Short Answer)
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Salaries
The salaries (in thousands of dollars)for a sample of 13 employees of a firm are: 26.5,23.5,29.7,24.8,21.1,24.3,20.4,22.7,27.2,23.7,24.1,24.8,and 28.2.
-Compute the standard deviation of the salaries.
(Short Answer)
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The coefficients of correlation and determination are two statistical measures of ____________________.
(Short Answer)
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A survey asked 200 respondents how many children under the age of 18 live in the household.The following table summarizes the results.
Number af Children Number af Hausehalds 0 40 1 24 2 62 3 26 4 32 5 16 Tatal 200 Calculate the mean number of children in the distribution.
(Short Answer)
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A company counted the number of their employees in each of the following age classes.According to this distribution,what is the average age of the employees in the company?
Age Range Number of Emplayees 20-24 8 25-29 37 30-34 25 35-39 48 40-44 27 45-49 10
(Short Answer)
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Find the range and midrange from these data: 4,8,2,16,12,10,6,and 22.
Range = ____________________
Midrange = ____________________
(Short Answer)
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Under what circumstances would the median of a set of data be more representative than the mean of that data?
(Essay)
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Sample data
Consider the following sample data: 6,10,4,3,7,9,21,and 14.
-What is the standard deviation?
(Short Answer)
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When approximating the mean or standard deviation from a frequency distribution,each observation is considered to be located at the ____________________ of its class.
(Short Answer)
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Between 1980 and 1999,constant dollar spending on non-residential construction in the United Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 Spending 27.6 30.8 37.8 40.0 36.9 36.0 38.4 35.7 34.7 35.3 Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 Spending 37.5 33.3 28.0 27.6 28.6 32.2 36.1 35.4 39.4 41.9
Find the quartiles of these data.
(Short Answer)
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Texas Department
A monthly report to the Texas Department of Health,division of Water Hygiene,contained the following water production data in thousands of gallons: 5263 5636 5264 4395 6090 5293 4668 5725 5171 4378 5118 5538 4838 5167 5119 5438 6843 5262 4653 5303 5913 4570 5142 5964 6431 4719 5358 6043 4554 5805
-Calculate the interquartile range.
(Short Answer)
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