Chapter 2: Q35E (page 94)
Calculate the mean and median of the following grade point averages:
3.2, 2.5, 2.1, 3.7, 2.8, 2.0
Short Answer
The mean is 2.71.
The median is 2.65.
Chapter 2: Q35E (page 94)
Calculate the mean and median of the following grade point averages:
3.2, 2.5, 2.1, 3.7, 2.8, 2.0
The mean is 2.71.
The median is 2.65.
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Get started for freeRankings of research universities.Based on factors (e.g., academic reputation, financial aid offerings, overall cost, and success of graduates in the post-college job market) that actual college freshmen said were most important to their college decision, College Choice developed their 2015 Rankings of National Research Universities. Data for the top 50 universities are saved in the TOPUNIVfile. Several are listed in the accompanying table above.
a) The average financial aid awarded values were determined by recording the financial aid awarded to each freshman who attended the university in 2015. Does this statistic represent a population or sample mean? Interpret this value for Harvard University.
b) The median salary during early career values were determined by recording the salaries of a random selection of alumni with 0 to 5 years of experience. Does this statistic represent a population or sample median? Interpret this value for Harvard University.
Rank | University | Public/ Private | Academic Reputation Score (100 pt. scale) | Average Financial Aid Awarded | Average Net Cost Attend | Median Salary During Early Career | % High Meaning | %Stem Degrees |
1 | Harvard University | Private | 99 | \(41,555 | \)14,455 | \(61,400 | 65% | 28% |
5 | Yale University | Private | 97 | \)39,771 | \(18,479 | \)60,300 | 68% | 21% |
20 | University of California Berkeley | Public | 79 | \(16,141 | \)16,178 | \(59,500 | 50% | 31% |
23 | University of Virginia | Public | 76 | \)16,834 | \(12,672 | \)54,700 | 52% | 24% |
27 | Carnegie Mellon University | Private | 76 | \(24,263 | \)33,257 | \(64,700 | 46% | 51% |
47 | Pepperdine University | Private | 60 | \)29,926 | \(25,345 | \)48,300 | 51% | 4% |
Motivation of athletes.A statistician keeps track of every serve that a player hits during the U.S. Open Tennis Championship. The statistician reports that the mean serve speed was 100 miles per hour (mph) and the standard deviation of the serve speeds was 15 mph.
a.Suppose the statistician also observes that the distribution of serve speeds was mound-shaped and symmetric. What percentage of the player’s serves was between 115 mph and 145 mph?
b.Consider the following serve speeds: 50 mph, 80 mph, and 105 mph. Using the z-score approach for detecting outliers, which of these would represent outliers in the distribution of the player’s serve speeds?
c.If nothing is known about the shape of the distribution, what percentage of the player’s serve speeds are less than 70 mph?
Question: Performance of stock screeners.Refer to the American Association of Individual Investors (AAII) statistics on stock screeners, Exercise 2.44 (p. 95). Annualized percentage return on investment (as compared to the Standard & Poor’s 500 Index) for 13 randomly selected stock screeners are reproduced in the table.
(9.0, -.1, -1.6, 14.6, 16.0, 7.7, 19.9, 9.8, 3.2, 24.8, 17.6, 10.7, 9.1)
a.Find the range of the data for the 13 stock screeners. Give the units of measurement for the range.
b.Find the variance of the data for the 13 stock screeners. If possible, give the units of measurement for the variance.
c.Find the standard deviation of the data for the 13 stock screeners. Give the units of measurement for the standard deviation
Calculate the range, variance, and standard deviation for the following samples:
a.4, 2, 1, 0, 1
b.1, 6, 2, 2, 3, 0, 3
c.8, -2, 1, 3, 5, 4, 4, 1, 3, 3
d.0, 2, 0, 0, -1, 1, -2, 1, 0, -1, 1, -1, 0, -3,-2, -1, 0, 1
The amount spent on textbooks for the fall term was recorded for a sample of five university students. The following data were observed: \(400, \)350, \(600, \)525, and $450. Calculate each of the following values for this data:
a.The sample mean
b.The sample median
c.The sample range
d.The standard deviation
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