/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q16 Critical Thinking. For Exercises... [FREE SOLUTION] | 91影视

91影视

Critical Thinking. For Exercises 5鈥20, watch out for these little buggers. Each of these exercises involves some feature that is somewhat tricky. Find the (a) mean, (b) median, (c) mode, (d) midrange, and then answer the given question

Most Expensive Colleges Listed below are the annual costs (dollars) of tuition and fees at the 10 most expensive colleges in the United States for a recent year (based on data from U.S. News & World Report). The colleges listed in order are Columbia, Vassar, Trinity, George Washington, Carnegie Mellon, Wesleyan, Tulane, Bucknell, Oberlin, and Union. What does this 鈥渢op 10鈥 list tell us about those costs for the population of all U.S. college tuitions?

49,138 47,890 47,510 47,343 46,962 46,944 46,930 46,902 46,870 46,785

Short Answer

Expert verified

(a) The mean is $47327.4.

(b) The median is $46,953.0.

(c) There is no mode.

(d) The midrange is $47,961.5.

The top 10 list can be used to infer that the cost at any U.S college would be less than the observed costs.

Step by step solution

01

Given information

The annual costs of tuition and fees of the most expensive colleges in the U.S. are listed as follows.

49,138

47,890

47,510

47,343

46,962

46,944

46,930

46,902

46,870

46,785

02

Compute mean

(a)

The mean of the sample of n observations is computed as:

x=xn, where xrepresents the observations and nis the count of the observations.

Substitute the values in the formula.

x=49138+47890+...+4678510=4732741047327.4

Thus, the mean value is approximately $47327.4.

03

Compute median

(b)

The median of n observations is computed as:

  • If n is odd, the middlemost observation is the median.
  • If n is even, the average of the two middle observations is the median.

The number of observations is10.

Arrange the observations in ascending order.

46,785

46,870

46,902

46,930

46,944

46,962

47,343

47,510

47,890

49,138

The middlemost observations are 46,944, and 46,962.

The median is given as:

M=46944+469622=939062=46953

Thus, the median is $46,953.0.

04

Compute mode

(c)

The mode is(are) the observation(s) with the maximum frequency value(s).

None of the values has the highest frequency.

Thus, there is no mode in the data.

05

Compute midrange

(d)

The midrange of the set of n observations is computed using the minimum and maximum values as shown below:

Midrange=Minimumvalue+Maximumvalue2

Substitute the values in the formula.

Midrange=46785+491382=959232=47961.5

Thus, the midrange is $47,961.5.

06

Explain the cost of the population of all college fees as per the statistics

The sampled list of colleges comprises the 10 most expensive colleges in the United States. So, the sample includes only a certain number of samples, which are the most expensive in terms of fees. Thus, the sample is not a true representative of the population of costs in all U.S.colleges.

Therefore, the top 10 list of costs can only be used to infer that the costs at any other United States college in that year would be less than the sampled observations.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Critical Thinking. For Exercises 5鈥20, watch out for these little buggers. Each of these exercises involves some feature that is somewhat tricky. Find the (a) mean, (b) median, (c) mode, (d) midrange, and then answer the given question

Football Player Weights Listed below are the weights in pounds of 11 players randomly selected from the roster of the Seattle Seahawks when they won Super Bowl XLVIII (the same players from the preceding exercise). Are the results likely to be representative of all National Football League (NFL) players? 189 254 235 225 190 305 195 202 190 252 305

Boxplot Comparison Refer to the boxplots shown below that are drawn on the same scale. One boxplot represents weights of men, and the other boxplot represents weights of women. Which boxplot represents weights of women? Explain.

Sleep z Score A larger sample of 50 sleep times (hours) has a mean of 6.3 hours and a standard deviation of 1.4 hours. What is the z score for a sleep time of 5 hours?

In Exercises 29鈥32, find the mean of the data summarized in the frequency distribution. Also, compare the computed means to the actual means obtained by using the original list of data values, which are as follows: (Exercise 29) 36.2 years; (Exercise 30) 44.1 years; (Exercise 31) 224.3; (Exercise 32) 255.1..

Age (year) of Best Actress when Oscar was won

Frequency

20鈥29

29

30鈥39

34

40鈥49

14

50鈥59

3

60鈥69

5

70鈥79

1

80鈥89

1

Chebyshev鈥檚 Theorem Based on Data Set 1 鈥淏ody Data鈥 in Appendix B, blood platelet counts of women have a bell-shaped distribution with a mean of 255.1 and a standard deviation of 65.4. (All units are 1000 cells>L.) Using Chebyshev鈥檚 theorem, what do we know about the percentage of women with platelet counts that are within 3 standard deviations of the mean? What are the minimum and maximum platelet counts that are within 3 standard deviations of the mean?

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.