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A sample of 3000 observations has a mean of 82 and a standard deviation of 16 . Using the empirical rule, find what percentage of the observations fall in the intervals \(\bar{x} \pm 1 s, \bar{x} \pm 2 s\), and \(\bar{x} \pm 3 s\).

Short Answer

Expert verified
68% of the data falls within the interval \(\bar{x} \pm 1 s\), 95% of the data falls within the interval \(\bar{x} \pm 2 s\), and 99.7% of the data falls within the interval \(\bar{x} \pm 3 s\).

Step by step solution

01

Apply the Empirical Rule

The empirical rule states that for a normal distribution, 68% of the data falls within one standard deviation of the mean, 95% within two standard deviations, and 99.7% within three standard deviations. Therefore, for the interval \(\bar{x} \pm 1 s\), 68% of the data falls within this interval.
02

Calculate the Percentage for the Second Interval

For the interval \(\bar{x} \pm 2 s\), according to the empirical rule, 95% of the data falls within this interval.
03

Calculate the Percentage for the Third Interval

For the interval \(\bar{x} \pm 3 s\), according to the empirical rule, 99.7% of the data falls within this interval.

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Key Concepts

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

Normal Distribution
A normal distribution, also known as a Gaussian distribution, is a symmetrical bell-shaped distribution where most of the data points cluster around the mean. It's a common distribution for various types of data, such as height, test scores, or measurement errors. The key characteristics of a normal distribution are:
  • Symmetry: The left and right sides of the distribution are mirror images.
  • Unimodal: It has one peak, known as the mean.
  • Asymptotic: The tails of the distribution approach the horizontal axis but never touch it.
Data in a normal distribution follows a specific pattern described by the empirical rule, which allows us to predict the percentage of data points within certain intervals around the mean. This is important for understanding how data is distributed and for conducting statistical analyses that require normality assumptions.
Mean and Standard Deviation
The mean and standard deviation are fundamental statistics for describing a dataset.- **Mean**: Often referred to as the average, the mean (\(ar{x}\)) is calculated by adding all the data points and dividing by the total number of points. In our example, the mean is 82. The mean represents the central point of the data distribution.- **Standard Deviation**: This measures the spread or dispersion of data points from the mean. A higher standard deviation indicates that the data points are more spread out. For the given data, the standard deviation (\(s\)) is 16. It helps understand how much individual observations deviate from the mean value.Understanding both the mean and standard deviation is crucial for interpreting a normal distribution. They allow us to apply rules like the empirical rule to ascertain how the data is distributed in relation to the mean.
Statistical Intervals
Statistical intervals provide a range around the mean in which a certain percentage of the data falls. With normal distributions, we use intervals based on the standard deviation to describe variability.The Empirical Rule, specifically, helps estimate data spread in these intervals:
  • Interval \(\bar{x} \pm 1s\): Approximately 68% of data falls within one standard deviation from the mean. This shows the immediate spread around the mean in a normal distribution.
  • Interval \(\bar{x} \pm 2s\): About 95% of observations fall within two standard deviations. This interval captures most of the data and is crucial for identifying outliers potentially falling outside this range.
  • Interval \(\bar{x} \pm 3s\): Nearly 99.7% of data falls within three standard deviations from the mean, hence covering almost all observations in a typical dataset with a normal distribution.
Using these intervals is extremely useful when you need to make predictions about where most of the data lies or when assessing probabilities in normal variables.

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Most popular questions from this chapter

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.

One property of the mean is that if we know the means and sample sizes of two (or more) data sets, we can calculate the combined mean of both (or all) data sets. The combined mean for two data sets is calculated by using the formula $$ \text { Combined mean }=\bar{x}=\frac{n_{1} \bar{x}_{1}+n_{2} \bar{x}_{2}}{n_{1}+n_{2}} $$ where \(n_{1}\) and \(n_{2}\) are the sample sizes of the two data sets and \(\bar{x}_{1}\) and \(\bar{x}_{2}\) are the means of the two data sets, respectively. Suppose a sample of 10 statistics books gave a mean price of \(\$ 140\) and a sample of 8 mathematics books gave a mean price of \(\$ 160\). Find the combined mean. (Hint: For this example: \(\left.n_{1}=10, n_{2}=8, \bar{x}_{1}=\$ 140, \bar{x}_{2}=\$ 160 .\right)\)

Briefly explain what summary measures are used to construct a box-and-whisker plot.

According to Fair Isaac, "The Median FICO (Credit) Score in the U.S. is 723" (The Credit Scoring Site, 2009). Suppose the following data represent the credit scores of 22 randomly selected loan applicants. \(\begin{array}{lllllllllll}494 & 728 & 468 & 533 & 747 & 639 & 430 & 690 & 604 & 422 & 356 \\ 805 & 749 & 600 & 797 & 702 & 628 & 625 & 617 & 647 & 772 & 572\end{array}\) a. Calculate the values of the three quartiles and the interquartile range. Where does the value 617 fall in relation to these quartiles? b. Find the approximate value of the 30 th percentile. Give a brief interpretation of this percentile. c. Calculate the percentile rank of 533 . Give a brief interpretation of this percentile rank.

Briefly explain the difference between a population parameter and a sample statistic. Give one example of each.

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