Chapter 3: Problem 1
Explain how the value of the median is determined for a data set that contains an odd number of observations and for a data set that contains an even number of observations.
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Chapter 3: Problem 1
Explain how the value of the median is determined for a data set that contains an odd number of observations and for a data set that contains an even number of observations.
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Suppose the average credit card debt for households currently is \(\$ 9500\) with a standard deviation of \(\$ 2600\). a. Using Chebyshev's theorem, find at least what percentage of current credit card debts for all households are between i. \(\$ 4300\) and \(\$ 14,700\) ii. \(\$ 3000\) and \(\$ 16,000\) :b. Using Chebyshev's theorem, find the interval that contains credit card debts of at least \(89 \%\) of all households.
Refer to the data of Exercise \(3.109\) on the current annual incomes (in thousands of dollars) of the 10 members of the class of 2000 of the Metro Business College who were voted most likely to succeed. \(\begin{array}{llllllllll}59 & 68 & 84 & 78 & 107 & 382 & 56 & 74 & 97 & 60\end{array}\) a. Determine the values of the three quartiles and the interquartile range. Where does the value of 74 fall in relation to these quartiles? b. Calculate the (approximate) value of the 70 th percentile. Give a brief interpretation of this percentile. c. Find the percentile rank of 97 . Give a brief interpretation of this percentile rank.
Following are the temperatures (in degrees Fahrenheit) observed during eight wintry days in a midwestern city: \(\begin{array}{llllllll}23 & 14 & 6 & -7 & -2 & 11 & 16 & 19\end{array}\) Compute the range, variance, and standard deviation.
The following data give the numbers of new cars sold at a dealership during a 20-day period. \(\begin{array}{llrlrlrlrll}8 & 5 & 1 & 2 & 3 & 9 & 1 & 06 & 1 & 28 & 8 & \\ 4 & 1 & 61 & 01 & 17 & 7 & 3 & 5 & 9 & 1 & 1\end{array}\) Make a box-and-whisker plot. Comment on the skewness of these data.
Refer to Exercise \(3.115\). Suppose the times taken to learn the basics of this word processor by all students have a bell-shaped distribution with a mean of 200 minutes and a standard deviation of 20 minutes. a. Using the empirical rule, find the percentage of students who will learn the basics of this word processor in i. 180 to 220 minutes ii. 160 to 240 minutes "b. Using the empirical rule, find the interval that contains the time taken by \(99.7 \%\) of all students to learn this word processor.
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