Exam 3: Descriptive Statistics: Numerical Measures

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Exhibit 3-4 The following is the frequency distribution for the speeds of a sample of automobiles traveling on an interstate highway. Speed Miles per Hour Frequency 50-54 2 55-59 4 60-64 5 65-69 10 70-74 9 75-79 5 35 -Refer to Exhibit 3-4. The mean is

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The variance of a sample of 169 observations equals 576. The standard deviation of the sample equals

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The following frequency distribution shows the GMAT scores of a sample of MBA students. GMAT Score Frequency 300 to 400 1 400 to 500 5 500 to 600 9 600 to 700 3 700 to 800 2 For the above data, compute the mean GMAT score.

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In 2013, the average age of students at UTC was 22 with a standard deviation of 3.96. In 2014, the average age was 24 with a standard deviation of 4.08. In which year do the ages show a more dispersed distribution? Show your complete work and support your answer.

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The numerical value of the variance

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A numerical value used as a summary measure for a sample, such as sample mean, is known as a

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The coefficient of correlation ranges between

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The following data represent the daily supply y in thousands of units) and the unit price x in dollars) for a product. Daily Supply y) Unit Price x) 5 2 7 4 9 8 12 5 10 7 13 8 16 16 16 6 a. Compute and interpret the sample covariance for the above data. b. Compute the standard deviation for the daily supply. c. Compute the standard deviation for the unit price. d. Compute and interpret the sample correlation coefficient.

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The following is a frequency distribution for the ages of a sample of employees at a local company. Age Frequency 30-39 2 40-49 3 50-59 7 60-69 5 70-79 1 a. Determine the average age for the sample. b. Compute the variance. c. Compute the standard deviation. d. Compute the coefficient of variation.

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When computing the mean, the smallest value

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The following frequency distribution shows the ACT scores of a sample of students: Score Frequency 14-18 2 19-23 5 24-28 12 29-33 1 For the above data, compute the following. a. The mean b. The standard deviation

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Since the median is the middle value of a data set it

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Which of the following is not a measure of dispersion?

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Which of the following is not a measure of central location?

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The mean of a sample

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Since the population is always larger than the sample, the value of the sample mean

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The standard deviation of a sample was reported to be 20. The report indicated that = 7200. What has been the sample size?

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Exhibit 3-5 You are given the following frequency distribution. Class Frequency 10-14 1 15-19 2 20-24 5 25-29 8 30-34 4 -Refer to Exhibit 3-5. The variance is

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The starting salaries of a sample of college students are given below. Starting Salary In Frequency 20-24 1 25-29 3 30-34 7 35-39 6 40-44 2 45-49 1 a. Compute the mean. b. Compute the variance. c. Compute the standard deviation. d. Compute the coefficient of variation.

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When computing the mean of a set of values xi, the value of ∑xi

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