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Business statistics Study Set 3
Exam 5: Numerical Descriptive Measures
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Question 61
Essay
The following data are the heights (in cm) of the 25 students in a business statistics class:
164
148
137
157
173
156
177
172
169
165
145
168
163
162
174
152
156
168
154
151
174
146
134
140
171
\begin{array} { | l | l | l | l | l | l | l | l | l | l | } \hline 164 & 148 & 137 & 157 & 173 & 156 & 177 & 172 & 169 & 165 \\\hline 145 & 168 & 163 & 162 & 174 & 152 & 156 & 168 & 154 & 151 \\\hline 174 & 146 & 134 & 140 & 171 & & & & & \\\hline\end{array}
164
145
174
​
148
168
146
​
137
163
134
​
157
162
140
​
173
174
171
​
156
152
​
177
156
​
172
168
​
169
154
​
165
151
​
​
a. Compute the range of the data. b. Compute the range approximation to the standard deviation of the data. (Hint: S
≈
\approx
≈
Range/4.)
Question 62
Essay
The following data represent the salaries (in thousands of dollars) of a sample of 13 employees of a firm:
26.5
23.5
29.7
24.8
21.1
24.3
20.4
22.7
27.2
23.7
24.1
24.8
28.2
\begin{array} { | l | l | l | l | l | l | l | } \hline 26.5 & 23.5 & 29.7 & 24.8 & 21.1 & 24.3 & 20.4 \\\hline 22.7 & 27.2 & 23.7 & 24.1 & 24.8 & 28.2 & \\\hline\end{array}
26.5
22.7
​
23.5
27.2
​
29.7
23.7
​
24.8
24.1
​
21.1
24.8
​
24.3
28.2
​
20.4
​
​
Compute the range.
Question 63
Essay
The following data represent the weights (in kilograms) of a sample of 30 horses: Weight 165 175 150 155 173 149 145 153 153 153 152 145 164 143 170 175 148 174 171 156 166 168 152 150 173 168 146 155 172 159 Compute the sample mean weight.
Question 64
True/False
When the distribution is skewed, the interquartile range is a better measure of variability than the standard deviation.
Question 65
Essay
A basketball player has the following points for seven games: 20, 25, 32, 18, 19, 22, 30. Compute the following measures of central location and variability: a. mean. b. median. c. standard deviation. d. coefficient of variation.