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Statistics for Management and Economics Study Set 1
Exam 4: A: Numerical Descriptive Techniques
Path 4
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Question 121
Essay
Weights of Workers The following data represent the number of employees of a sample of 25 companies: 164,148,137,157,173,156,177,172,169,165,145,168,163,162,174,152,156,168,154,151,174,146,134,140,and 171. -{Weights of Workers Narrative} Is the distribution of the number of workers symmetric or skewed? Why?
Question 122
Essay
Weights of Workers The following data represent the number of employees of a sample of 25 companies: 164,148,137,157,173,156,177,172,169,165,145,168,163,162,174,152,156,168,154,151,174,146,134,140,and 171. -{Weights of Workers Narrative} Find the mean number of workers.
Question 123
Essay
Ages of Retirees A sociologist recently conducted a survey of retirees over 65 years of age whose net worth is too high to qualify for Medicaid and who have no private health insurance.The ages of 20 uninsured retirees were as follows: 65,66,67,68,69,70,71,73,74,75,78,79,80,81,86,87,91,92,94,and 97. -{Ages of Retirees Narrative} Calculate the third quartile of the ages of the uninsured retirees.
Question 124
True/False
Percentiles can be converted into quintiles and deciles,where quintiles divide the data into fifths,and deciles divide the data into tenths.
Question 125
Essay
The mean of a sample of 15 measurements is 35.6 feet.Suppose that the sample is enlarged to 16 measurements,by including one additional measurement having a value of 42 feet.Find the mean of the sample of the 16 measurements.