Exam 3: Descriptive Statistics

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A statistics student made the following grades on 7 tests: 76,82,92,95,79,86,and 92.What is the median grade?

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A

The most frequently occurring value in a set of data is called the mode.

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Jessica Salas,president of Salas Products,is reviewing the warranty policy for her company's new model of automobile batteries.Life tests performed on a sample of 100 batteries indicated: (1)an average life of 75 months,(2)a standard deviation of 5 months,and (3)a bell shaped battery life distribution.What percentage of the batteries will fail within the first 65 months of use?

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C

It is inappropriate to use the mean to analyze data that are not at least interval level in measurement.

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Computations of the variance and standard deviation using grouped data are potentially only approximation of the actual variance and standard deviation.

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According to Chebyshev's Theorem how many values in a data set will be within 3 standard deviations of the mean?

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The empirical rule says that approximately what percentage of the values would be within 2 standard deviations of the mean in a bell shaped set of data?

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The sample standard deviation is calculated by taking the square root of the population standard deviation.

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The following box and whisker plot was constructed for the age of accounts receivable. The following box and whisker plot was constructed for the age of accounts receivable.   The box and whisker plot reveals that the accounts receivable ages are _______. The box and whisker plot reveals that the accounts receivable ages are _______.

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A sample of 117 records of the selling price in dollars of homes from Feb 15 to Apr 30,2013 was taken from the files maintained by the Albuquerque Board of Realtors.The following are Summary statistics for the selling prices. A sample of 117 records of the selling price in dollars of homes from Feb 15 to Apr 30,2013 was taken from the files maintained by the Albuquerque Board of Realtors.The following are Summary statistics for the selling prices.   From this we can conclude that, From this we can conclude that,

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A commuter travels many miles to work each morning.She has timed this trip 5 times during the last month.The time (in minutes)required to make this trip was 34,39,41,35,and 41.The mean time (in minutes)required for this trip was _______.

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A commuter travels many miles to work each morning.She has timed this trip 5 times during the last month.The time (in minutes)required to make this trip was 38,33,36,47,and 41.What is the standard deviation for this sample data?

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The sum of deviations about the arithmetic mean is always equal to zero.

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Shaun Connor,Human Resources Manager forAmerican Oil Terminals (AOT),is reviewing the operator training hours at AOT nationally.His staff compiled the following table of national statistics on operators training hours. Shaun Connor,Human Resources Manager forAmerican Oil Terminals (AOT),is reviewing the operator training hours at AOT nationally.His staff compiled the following table of national statistics on operators training hours.   What can Shaun conclude from these statistics? What can Shaun conclude from these statistics?

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An outlier of a data set is determined from the lower and upper quartile

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The mean life of a particular brand of light bulb is 1200 hours and the standard deviation is 50 hours.We can conclude that at least 75% of this brand of bulbs will last between _______.

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The following box and whisker plot was constructed for the age of accounts receivable. The following box and whisker plot was constructed for the age of accounts receivable.   The box and whisker plot reveals that the accounts receivable ages are _______. The box and whisker plot reveals that the accounts receivable ages are _______.

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A nonzero value of the skewness indicates asymmetry of the distribution of the data.

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In its Industry Norms and Key Business Ratios,Dun & Bradstreet reported that Q1,Q2,and Q3 for 2,037 gasoline service stations' sales to inventory ratios were 20.8,33.4,and 53.8,respectively.From this we can conclude that ____________.

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The following frequency distribution was constructed for the wait times in the emergency room. The following frequency distribution was constructed for the wait times in the emergency room.   The frequency distribution reveals that the wait times in the emergency room are _______. The frequency distribution reveals that the wait times in the emergency room are _______.

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