/*! 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} Q22 In Exercises 21鈥24, find the c... [FREE SOLUTION] | 91影视

91影视

In Exercises 21鈥24, find the coefficient of variation for each of the two samples; then compare the variation. (The same data were used in Section 3-1.) 21.

Parking Meter Theft Listed below are amounts (in millions of dollars) collected from parking meters by Brinks and others in New York City during similar time periods. A larger data set was used to convict five Brinks employees of grand larceny. The data were provided by the attorney for New York City, and they are listed on the DASL Website. Do the two samples appear to have different amounts of variation?

Collection Contractor Was Brinks 1.3 1.5 1.3 1.5 1.4 1.7 1.8 1.7 1.7 1.6

Collection Contractor Was Not Brinks 2.2 1.9 1.5 1.6 1.5 1.7 1.9 1.6 1.6 1.8

Short Answer

Expert verified

The coefficient of variation for data collected byBrinksis equal to 11.5%.

The coefficient of variation for data collected by other contractors is equal to 12.8%.

The amount of variation in the data collected by Brinks and by other contractors is approximately the same.

Step by step solution

01

Given information

The data is collected from parking meters by Brinks and by other contractors and is listed in two samples containing 10 observations each.

02

Coefficient of variation

The sample coefficient of variation is the quotient of the sample standard deviation to the sample mean. The formula of coefficient of variation is as follows:

C.V.=sx100

, where

sis the sample standard deviation;

xis the sample mean.

03

Computation of the first sample

The first sample is defined as collections made when the contractor was Bricks.

The mean of sample 1 is given as follows:

x1=1.3+1.5+1.3+1.5+1.4+1.7+1.8+1.7+1.7+1.610=15.510=1.55

The standard deviation of sample 1 is given as follows:

s1=i=1nxi-x12n1-1=1.3-1.552+1.5-1.552+....+1.6-1.55210-1=0.18

Thus, the mean for sample 1 is equal to 1.55 million dollars, and the standard deviation of sample 1 is equal to 0.18 million dollars.

The coefficient of variation for sample 1 is computed as follows:

CV1=s1x1100=0.181.55100=11.5%

Therefore, the coefficient of variation for sample 1 is equal to 11.5%.

04

Computation of the second sample

The second sample is defined as collections made when the contractor was not Bricks.

The mean of sample 2 is given as follows:

x2=2.2+1.9+1.5+1.6+1.5+1.7+1.9+1.6+1.6+1.810=17.310=1.73

The standard deviation of sample 2 is given as follows:

s2=i=1nxi-x22n2-1=2.2-1.732+1.9-1.732+....+1.8-1.73210-1=0.22

Thus, the mean for sample 2 is equal to 1.73 million dollars, and the standard deviation of sample 2 is equal to 0.22 million dollars.

The coefficient of variation for sample 2 is computed as follows:

CV2=s2x2100=0.221.73100=12.8%

Therefore, the coefficient of variation for sample 2 is equal to 12.8%.

05

Comparing the measures for two samples

For the given two samples, the coefficients of variation for the two samples are comparable in magnitude.

Therefore, the two samples appear to have the sameamount of variation.

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

In Exercises 33鈥36, use the range rule of thumb to identify the limits separating values that are significantly low or significantly high

Pulse Rates of Males Based on Data Set 1 鈥淏ody Data鈥 in Appendix B, males have pulse rates with a mean of 69.6 beats per minute and a standard deviation of 11.3 beats per minute. Is a pulse rate of 50 beats per minute significantly low or significantly high? (All of these pulse rates are measured at rest.) Explain.

Resistant Measures Here are four of the Verizon data speeds (Mbps) from Figure 3-1: 13.5, 10.2, 21.1, 15.1. Find the mean and median of these four values. Then find the mean and median after including a fifth value of 142, which is an outlier. (One of the Verizon data speeds is 14.2 Mbps, but 142 is used here as an error resulting from an entry with a missing decimal point.) Compare the two sets of results. How much was the mean affected by the inclusion of the outlier? How much is the median affected by the inclusion of the outlier?

USA Today published a list consisting of the state tax on each gallon of gas. If we add the 50 state tax amounts and then divide by 50, we get 27.3 cents. Is the value of 27.3 cents the mean amount of state sales tax paid by all U.S. drivers? Why or why not?

Geometric Mean The geometric mean is often used in business and economics for finding average rates of change, average rates of growth, or average ratios. To find the geometric mean of n values (all of which are positive), first multiply the values, then find the nth root of the product. For a 6-year period, money deposited in annual certificates of deposit had annual interest rates of 5.154%, 2.730%, 0.488%, 0.319%, 0.313%, and 0.268%. Identify the single percentage growth rate that is the same as the five consecutive growth rates by computing the geometric mean of 1.05154, 1.02730, 1.00488, 1.00319, 1.00313, and 1.00268.

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

Foot Lengths Listed below are foot lengths in inches of randomly selected Army women measured in the 1988 Anthropometric Survey (ANSUR). Are the statistics representative of the current population of all Army women?

10.4 9.3 9.1 9.3 10.0 9.4 8.6 9.8 9.9 9.1 9.1

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.