Exam 4: A: Numerical Descriptive Techniques

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σ\sigma is a population parameter and s is a sample statistic.

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Hours of Playing Video Games Suppose that the following data provide the hours of playing video games per week for a sample of 15 high school students in Roanoke,Virginia: 5,11,25,19,18,20,27,13,8,10,15,19,18,9,and 12. -{Hours of Playing Video Games Narrative} Determine the location and value of the second quartile.

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In a histogram,the proportion of the total area which must be to the left of the median is more than 0.50 if the distribution is positively skewed.

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Computers The following data represent the number of computers owned by a sample of 10 families from Chicago: 4,2,1,1,5,3,0,1,0,and 2. -{Computers Narrative} Compute the median number of computers.

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Expressed in percentiles,the fifth decile is the 50th percentile or the median.

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Salaries of Employees The following data represent the yearly 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,and 28.2. -{Salaries of Employees Narrative} Compute the mean salary.

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The line drawn within the box of a box plot always represents the median.

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Ages of Workers The ages (in years)of three groups of workers are shown below: Group A: 17 22 20 18 23 Group B: 30 28 35 40 25 GroupC: 44 39 54 21 52 -{Ages of Workers Narrative} Compute and compare the coefficient of variation for the three samples.

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The horizontal lines extending to the left and to the right of the box in a box plot are called ____________________.

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The length of the box in a box plot portrays the interquartile range.

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Which of the following types of data has no measure of variability?

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Salaries of Office Workers The following data represent the salaries (in thousands of dollars)of a sample of 13 office workers 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,and 28.2. -{Salaries of Office Workers Narrative} Compute the range.

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The value for Q3 can never be smaller than the value for Q1.

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The ____________________ mean is used whenever we wish to find the "average" growth rate,or rate of change,in a variable over time.

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Weights of Police Officers The following data represent the weights in pounds of a sample of 25 police officers: 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 Police Officers Narrative} Calculate the 3rd and 7th deciles of the data.

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Chebysheff's Theorem states that the percentage of observations in a data set that should fall within five standard deviations of their mean is at least 96%.

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Ages of Jockeys The following data represent the ages in years of a sample of 25 jockeys from a local race track: 31,43,56,23,49,42,33,61,44,28,48,38,44,35,40,64,52,42,47,39,53,27,36,35,and 20. -{Ages of Jockeys Narrative} Find the upper quartile of the ages.

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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 median number of workers.

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Suppose your data set contains ages (in years)and you calculate the range,variance,standard deviation,and coefficient of variation for the data.Explain what units each of these measures is in.

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The ____________________ mean of n returns (or growth rates)is the appropriate mean to calculate if you wish to estimate the mean rate of return (or growth rate)for any single period in the future.

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