Exam 3: Descriptive Statistics: Numerical Measures

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The interquartile range is the difference between the

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The following data represent the daily demand (y in thousands of units) and the unit price (x in dollars) for a product. The following data represent the daily demand (y in thousands of units) and the unit price (x in dollars) for a product.    a.Compute and interpret the sample covariance for the above data. b.Compute and interpret the sample correlation coefficient. a.Compute and interpret the sample covariance for the above data. b.Compute and interpret the sample correlation coefficient.

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Excel's __________ function can be used to compute the sample standard deviation.

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A numerical measure of linear association between two variables is the

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The starting salaries of a sample of community college graduates are given below. The starting salaries of a sample of community college graduates are given below.    a.Compute the mean. b.Compute the variance. c.Compute the standard deviation. d.Compute the coefficient of variation. a.Compute the mean. b.Compute the variance. c.Compute the standard deviation. d.Compute the coefficient of variation.

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For data skewed to the left, the skewness is

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Chebyshev's theorem requires that z be

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The number of hours worked per week for a sample of ten students is shown below. The number of hours worked per week for a sample of ten students is shown below.    a.Determine the median and explain its meaning. b.Compute the 70th percentile and explain its meaning. c.What is the mode of the above data? What does it signify? a.Determine the median and explain its meaning. b.Compute the 70th percentile and explain its meaning. c.What is the mode of the above data? What does it signify?

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The measure of variability easiest to compute, but seldom used as the only measure, is the

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The manager of Hudson Auto Repair has recorded the following frequency distribution for the cost of new parts used in doing an engine tune-up in a sample of 50 tune-ups. The manager of Hudson Auto Repair has recorded the following frequency distribution for the cost of new parts used in doing an engine tune-up in a sample of 50 tune-ups.   Compute the sample mean, variance, and standard deviation. Compute the sample mean, variance, and standard deviation.

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Exhibit 3-2 A researcher has collected the following sample data. The mean of the sample is 5. Exhibit 3-2 A researcher has collected the following sample data. The mean of the sample is 5.   -A(n) __________ is an unusually small or unusually large data value. -A(n) __________ is an unusually small or unusually large data value.

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Excel's __________ function can be used to compute the sample variance.

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An important numerical measure of the shape of a distribution is the

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μ\mu is an example of a

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The numerical value of the standard deviation can never be

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The following observations are given for two variables. The following observations are given for two variables.    a.Compute and interpret the sample covariance for the above data. b.Compute and interpret the sample correlation coefficient. a.Compute and interpret the sample covariance for the above data. b.Compute and interpret the sample correlation coefficient.

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The measure of location that is the most likely to be influenced by extreme values in the data set is the

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The descriptive measure of dispersion that is based on the concept of a deviation about the mean is

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In computing the pth percentile, if the index i is an integer the pth percentile is the

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During a cold winter, the temperature stayed below zero for ten days (ranging from -20 to -5). The variance of the temperatures of the ten day period

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