Exam 3: Numerical Descriptive Measures

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If the mean is greater than the median,the distribution is likely to be negative or left skewed.

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In a set of numerical data,the value for Q3 can never be smaller than the value for Q1.

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Instruction 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 who have no private health insurance. The ages of 25 uninsured 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 Instruction 3-1,what type of shape does the distribution of the sample appear to have?

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Instruction 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 who have no private health insurance. The ages of 25 uninsured 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 Instruction 3-1,calculate the standard deviation of the ages of the uninsured senior citizens correct to the nearest hundredth of a year.

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Summary measures which are not influenced by extreme values,are called _____________ .

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According to the Chebyshev rule,at least what percentage of the observations in any data set are contained within a distance of 2 standard deviations around the mean?

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Instruction 3-4 The ordered array below represents the number of cargo manifests approved by customs inspectors at the Port of Brisbane 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 observations is 838, the sum of the squares of the observations is 20,684, and the sum of the squared differences between each observation and the mean is 619.89. -Referring to Instruction 3-4,the arithmetic mean of the customs data is_____________ .

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

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The interquartile range is not sensitive to extreme values.

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The coefficient of variation is a measure of central tendency in the data.

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Certain rules can be applied when calculating the quartiles.Which of the following is NOT true about these rules.

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Instruction 3-6 The rates of return of an Internet Service Provider over a 10 year period are: 10.25%, 12.64%, 8.37%, 9.29%, 6.23%, 42.53%, 29.23%, 15.25%, 21.52%, -2.35%. -Referring to Instruction 3-6,what is the shape of the distribution for the rate of return?

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Instruction 3-2 The data below represents the amount 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 Instruction 3-2,the range in the carbohydrate amounts is _____________ grams.

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The rate of return for Microsoft's stock over a seven year period is 0.527,0.145,0.684,1.146,0.564,0.883 and 0.436.The geometric mean rate of return is _____________ .

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The interquartile range is a measure of central tendency.

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Instruction 3-5 The rate of return of a listed Australian 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 Instruction 3-5,what is the range of the rate of return?

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Instruction 3-3B The stem-and-leaf display below represents the number of vitamin supplements sold by a health food store in a sample of 16 days. Stem Leaves 1 99 2L 0023 2H 567 3L 034 3H 568 4L 1 -Referring to Instruction 3-3B,what type of shape does the distribution of the sample appear to have?

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Instruction 3-14 Given below are the rating and performance scores of 15 laptop computers. Performanc e Score 115 191 153 194 236 184 184 216 185 183 189 202 192 141 Overall Rating 74 78 79 80 84 76 77 92 83 78 77 78 78 73 -Referring to Instruction 3-14,how will you classify the linear relationship between the performance scores and the rating?

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The coefficient of variation is expressed as a_________.

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Instruction 3-6 The rates of return of an Internet Service Provider over a 10 year period are: 10.25%, 12.64%, 8.37%, 9.29%, 6.23%, 42.53%, 29.23%, 15.25%, 21.52%, -2.35%. -Referring to Instruction 3-6,compute the geometric mean rate of return.

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