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A set of data consists of 45 observations between \(\$ 0\) and \(\$ 29 .\) What size would you recommend for the class interval?

Short Answer

Expert verified
A class interval of 5 is recommended.

Step by step solution

01

Determine the Range

First, calculate the range of the data. The range is found by subtracting the smallest value from the largest value in your dataset. Here, the smallest value is 0, and the largest value is 29, thus: \[\text{Range} = \text{Maximum Value} - \text{Minimum Value} = 29 - 0 = 29.\]
02

Determine the Number of Classes

Use Sturges' formula to determine the optimal number of classes: \[\text{Number of Classes} = 1 + 3.322 \log_{10} n,\]where \( n \) is the number of observations. For 45 observations:\[\text{Number of Classes} = 1 + 3.322 \log_{10} 45 \approx 6.49.\] Round up to the next whole number since you cannot have a fraction of a class. Thus, you should have 7 classes.
03

Calculate the Class Interval

Finally, divide the range by the number of classes to determine the class interval size. Using the range from Step 1 (29) and the number of classes from Step 2 (7): \[\text{Class Interval} = \frac{\text{Range}}{\text{Number of Classes}} = \frac{29}{7} \approx 4.14.\]Round the class interval to a convenient number, such as 4 or 5, based on ease and readability. Rounding to 5 is often practical.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Range
The range in a dataset is a simple measure of how spread out the values are. It is the difference between the largest and smallest values in the dataset. Here, in our example, the dataset has values stretching between \(\\(0\) and \(\\)29\). To find the range, subtract the smallest value from the largest:
  • The largest value: 29
  • The smallest value: 0
Thus, the calculation is: \[\text{Range} = 29 - 0 = 29.\]This range helps us understand the extent or spread of the data, and it's an essential first step in creating classes for organizing the data.
Sturges' Formula
Sturges' formula is a rule of thumb used to determine a reasonable number of classes (or intervals) for a frequency distribution. It provides a balance between too few and too many classes, ensuring that the data is appropriately grouped.The formula is expressed as:\[\text{Number of Classes} = 1 + 3.322 \log_{10} n,\]where \( n \) is the number of data points. For our example:
  • \( n = 45 \), which stands for the number of observations.
  • Using a calculator, determine \( \log_{10} 45 \), and apply it in the formula.
This results in:\[\text{Number of Classes} = 1 + 3.322 \times 1.653 = 6.49.\]Since the number of classes must be a whole number, it's rounded up to 7. Sturges' formula helps maintain a logical structure in your frequency distribution by providing a guideline to forestall excessive or insufficient classes.
Number of Classes
The number of classes in a dataset determines how the data is grouped, which affects the readability and interpretation of the data. After calculating with Sturges' formula, we decide the number of classes required. In this example, after rounding the calculated 6.49 up to 7, you commit to grouping your data into 7 classes.
The division into classes helps to condense data points into meaningful intervals. Key points about choosing the number of classes:
  • It should allow for a clear and balanced representation of the data.
  • Too few classes can oversimplify, while too many can overcomplicate.
  • A good rule of thumb is classes between 5 to 20 depending on data size.
Choosing the correct number of classes ensures the visual and analytical clarity of the data without loss of valuable information. By having 7 classes, it adequately groups 45 observations to allow for noticeable trends or patterns to emerge.

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Most popular questions from this chapter

A chain of sport shops catering to beginning skiers, headquartered in Aspen, Colorado, plans to conduct a study of how much a beginning skier spends on his or her initial purchase of equipment and supplies. Based on these figures, it wants to explore the possibility of offering combinations, such as a pair of boots and a pair of skis, to induce customers to buy more. A sample of 44 cash register receipts revealed these initial purchases: $$\begin{array}{rrrrrrrrr}\$ 140 & \$ 82 & \$ 265 & \$ 168 & \$ 90 & \$ 114 & \$ 172 & \$ 230 & \$ 142 \\\86 & 125 & 235 & 212 & 171 & 149 & 156 & 162 & 118 \\\139 & 149 & 132 & 105 & 162 & 126 & 216 & 195 & 127 \\\161 & 135 & 172 & 220 & 229 & 129 & 87 & 128 & 126 \\\175 & 127 & 149 & 126 & 121 & 118 & 172 & 126 & \\\\\hline\end{array}$$ a. Arrive at a suggested class interval. b. Organize the data into a frequency distribution using a lower limit of \(\$ 70\). c. Interpret vour findings.

Describe the similarities and differences of qualitative and quantitative variables. Be sure to include the following: a. What level of measurement is required for each variable type? b. Can both types be used to describe both samples and populations?

A set of data consists of 38 observations. How many classes would you recommend for the frequency distribution?

David Wise handles his own investment portfolio and has done so for many years. Listed below is the holding time (recorded to the nearest whole year) between purchase and sale for his collection of 36 stocks. $$\begin{array}{rrrrrrrrrrrrrrrrrrrr}8 & 8 & 6 & 11 & 11 & 9 & 8 & 5 & 11 & 4 & 8 & 5 & 14 & 7 & 12 & 8 & 6 & 11 & 9 & 7 \\\9 & 15 & 8 & 8 & 12 & 5 & 9 & 8 & 5 & 9 & 10 & 11 & 3 & 9 & 8 & 6 & & & &\end{array}$$ a. How many classes would you propose? b. What class interval would you suggest? c. What quantity would you use for the lower limit of the initial class? d. Using your responses to parts (a), (b), and (c), create a frequency distribution. e. Describe the shape of the frequency distribution.

The food services division of Cedar River Amusement Park Inc. is studying the amount of money spent per day on food and drink by families who visit the amusement park. A sample of 40 families who visited the park yesterday revealed they spent the following amounts: $$\begin{array}{rrrrrrrrrrrrr}\hline \$ 77 & \$ 18 & \$ 63 & \$ 84 & \$ 38 & \$ 54 & \$ 50 & \$ 59 & \$ 54 & \$ 56 & \$ 36 & \$ 26 & \$ 50 & \$ 34 & \$ 44 \\\41 & 58 & 58 & 53 & 51 & 62 & 43 & 52 & 53 & 63 & 62 & 62 & 65 & 61 & 52 \\\60 & 60 & 45 & 66 & 83 & 71 & 63 & 58 & 61 & 71 & & & & & \\\\\hline\end{array}$$ a. Organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. What class interval did you select? b. Where do the data tend to cluster? c. Describe the distribution. d. Determine the relative frequency distribution.

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