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For each of the following data sets, compute xbar, s2, and s. If appropriate, specify the units in which your answers are expressed.

a.4, 6, 6, 5, 6, 7

b.- \(1, \)4, - \(3, \)0, - \(3, - \)6

c.3/5 %, 4/5 %, 2/5 %, 1/5 %, 1/16 %

d.Calculate the range of each data set in parts a–c.

Short Answer

Expert verified

a. mean= 5.66, s2 = 1.066, s = 1.03

b. mean = -$1.5, s2 = 11.95, s = $3.45c

c. mean = 0.4125%, s2 = 0.088, s = 0.29%

d. a = 3, b = $10, c = 0.7375%

Step by step solution

01

Computing xbar, s2, and s for a

χn=4+6+6+5+6+76=346=5.66

s2=χ2n1=45.662+65.662+65.662+55.662+65.662+75.66261=2.7556+0.1156+0.1156+0.4356+0.1156+1.79565=5.33365

=1.066

s=s2=1.066=1.03

Therefore, mean = 5.66, s2 = 1.066, s = 1.03

02

Calculating xbar, s2, and s for b

χn=1+4+(3)+0+(3)+(6)6=96=1.5

s2=χ2n1=11.52+41.52+31.52+01.52+31.52+61.5261=0.25+30.25+3+3+3+20.255=59.755=11.95

s=s2=11.95=3.45

Therefore, mean = -$1.5, s2 = 11.95, s = $3.45

03

Estimating xbar, s2, and s for c

χn=0.6+0.8+0.4+0.2+0.06255=2.06255=0.4125%

s2=χ2n1=0.60.41252+0.80.41252+0.40.41252+0.20.41252+0.06250.4125251=0.035+0.15+0.00015+0.045+0.12254=0.354

=0.088

s=s2=0.088=0.29%

Therefore, mean = 0.4125%, s2 = 0.088, s = 0.29%

s2=χ2n1=0.60.41252+0.80.41252+0.40.41252+0.20.41252+0.06250.4125251=0.035+0.15+0.00015+0.045+0.12254=0.354

04

Finding the Range

Range = Max – Min

  1. 4, 6, 6, 5, 6, 7

Range=MaxMin=74=3

b. - $1, $4, - $3, $0, - $3, - $6



Range=MaxMin=46=$10


c. 3/5 %, 4/5 %, 2/5 %, 1/5 %, 1/16 %

Range=MaxMin=0.80.0625=0.7375%

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Most popular questions from this chapter

Best-paid CEOs.Refer to Glassdoor Economic Research firm’s 2015 ranking of the 40 best-paid CEOs in Table 2.1 (p. 65). Recall that data were collected on a CEO’s current salary, age, and the ratio of salary to a typical worker’s pay at the firm.

a.Create a scatterplot to relate a CEO’s ratio of salary to worker pay to the CEO’s age. Comment on the strength of the association between these two variables.

b.Conduct an outlier analysis of the ratio variable. Identify the highly suspect outlier in the data.

c.Remove the highly suspect outlier from the data and recreate the scatterplot of part a. What do you observe?

Performance ratings of government agencies.The U.S. Office of Management and Budget (OMB) requires government agencies to produce annual performance and accounting reports (PARS) each year. A research team at George Mason University evaluated the quality of the PARS for 24 government agencies (The Public Manager, summer 2008). Evaluation scores ranged from 12 (lowest) to 60 (highest). The PARS evaluation scores for two consecutive years are shown in the next table.

a.Construct a scatterplot for the data. Do you detect atrend in the data?

b.Based on the graph, identify one or two agencies that hadgreater than expected PARS evaluation scores for year 2.

Corporate sustainability of CPA firms.Refer to the Business and Society(March 2011) study on the sustainability behaviors of CPA corporations, Exercise 2.23 ( p. 83). Recall that level of support for corporate sustainability (measured on a quantitative scale ranging from 0 to 160 points) was obtained for each of 992 senior managers at CPA firms. Numerical measures of central tendency for level of support are shown in the accompanying Minitab printout.

Descriptive Statistics: Support

Variable

Support

N

Mean

Minimum

Median

Maximum

Mode

N for mode

992

67.755

0.000

68.000

155.000

64

20

a.Locate the mean on the printout. Comment on the accuracy of the statement: “On average, the level of support for corporate sustainability for the 992 senior managers was 67.76 points.”

b.Locate the median on the printout. Comment on the accuracy of the statement: “Half of the 992 senior managers reported a level of support for corporate sustainability below 68 points.”

c.Locate the mode on the printout. Comment on the accuracy of the statement: “Most of the 992 senior managers reported a level of support for corporate sustainability below 64 points.”

d.Based on the values of the measures of central tendency, make a statement about the type of skewness (if any) that exists in the distribution of 992 support levels. Check your answer by examining the histogram shown in Exercise 2.23.

Network server downtime.A manufacturer of network computer server systems is interested in improving its customer support services. As a first step, its marketing department has been charged with the responsibility of summarizing the extent of customer problems in terms of system downtime. The 40 most recent customers were surveyed to determine the amount of downtime (in hours) they had experienced during the previous month. These data are listed in the table.

Customer Number

Downtime

Customer Number

Downtime

230

12

250

4

231

16

251

10

232

5

252

15

233

16

253

7

234

21

254

20

235

29

255

9

236

38

256

22

237

14

257

18

238

47

258

28

239

0

259

19

240

24

260

34

241

15

261

26

242

13

262

17

243

8

263

11

244

2

264

64

245

11

265

19

246

22

266

18

247

17

267

24

248

31

268

49

249

10

269

50

a.Construct a box plot for these data. Use the information reflected in the box plot to describe the frequency distribution of the data set. Your description should address central tendency, variation, and skewness.

b.Use your box plot to determine which customers are having unusually lengthy downtimes.

c.Find and interpret the z-scores associated with the customers you identified in part b.

Explain why we generally prefer the standard deviation to the range as a measure of variability for quantitative data.

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