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Statistics
Study Set
Business Statistics Study Set 6
Exam 26: Exploring and Collecting Data
Path 4
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Question 1
Multiple Choice
In 2002 data were collected on the percent of people in the U.S. not covered by Health insurance. Summary statistics and a histogram for these data are shown below. The IQR for these data is
Min
Q1
Median
Q3
Max
Mean
SD
7.9
10.8
13.4
16.7
25.8
13.9
3.6
\begin{array}{l}\begin{array} { | c | c | c | c | c | c | c | } \hline \text { Min } & \text { Q1 } & \text { Median } & \text { Q3 } & \text { Max } & \text { Mean } & \text { SD } \\\hline 7.9 & 10.8 & 13.4 & 16.7 & 25.8 & 13.9 & 3.6 \\\hline\end{array}\\\end{array}
Min
7.9
Q1
10.8
Median
13.4
Q3
16.7
Max
25.8
Mean
13.9
SD
3.6
Question 2
Multiple Choice
A manufacturer of cable wire periodically selects samples to monitor the process. A sample of ten wires is selected and the diameters (in cm.) are 0.493, 0.534, 0.527,0.511, 0.565, 0.559, 0.519, 0.562, 0.551, and 0.530. The mean diameter is
Question 3
Multiple Choice
Boxplots of earnings per share (EPS) data for a sample of retail company stocks And a sample of energy company stocks are shown below. Which of the following Statements is correct?
Question 4
Multiple Choice
Real estate agencies also keep track of housing prices in a given area. Suppose They also provide their clients with quarterly median selling prices for homes in a given Area for the past three year period. These data are