Chapter 3: Problem 73
Briefly explain the empirical rule. To what kind of distribution is it applied?
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Chapter 3: Problem 73
Briefly explain the empirical rule. To what kind of distribution is it applied?
These are the key concepts you need to understand to accurately answer the question.
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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 2004 of the Metro Business College who were voted most likely to succeed. \(\begin{array}{lllllllll}59 & 68 & 84 & 78 & 107 & 382 & 56 & 74 & 97 & 60\end{array}\) 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.
Refer to Exercise 3.115. Suppose the times taken to learn the basics of this software program 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 software program in i. 180 to 220 minutes ii. 160 to 240 minutes *b. Using the empirical rule, find the interval that contains the times taken by \(99.7 \%\) of all students to learn this software program.
The following data give the numbers of text messages sent by a high school student on 40 randomly selected days during 2012: \(\begin{array}{llllllllll}32 & 33 & 33 & 34 & 35 & 36 & 37 & 37 & 37 & 37 \\\ 38 & 39 & 40 & 41 & 41 & 42 & 42 & 42 & 43 & 44 \\ 44 & 45 & 45 & 45 & 47 & 47 & 47 & 47 & 47 & 48 \\ 48 & 49 & 50 & 50 & 51 & 52 & 53 & 54 & 59 & 61\end{array}\) a. Calculate the values of the three quartiles and the interquartile range. Where does the value 49 fall in relation to these quartiles? b. Determine the approximate value of the 91 st percentile. Give a brief interpretation of this percentile. c. For what percentage of the days was the number of text messages sent 40 or higher? Answer by finding the percentile rank of 40 .
A sample of 3000 observations has a bell-shaped distribution with 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 \(\bar{x} \pm 3 s .\)
When studying phenomena such as inflation or population changes that involve periodic increases or decreases, the geometric mean is used to find the average change over the entire period under study. To calculate the geometric mean of a sequence of \(n\) values \(x_{1}, x_{2}, \ldots, x_{n}\), we multiply them together and then find the \(n\) th root of this product. Thus $$ \text { Geometric mean }=\sqrt[n]{x_{1} \cdot x_{2} \cdot x_{3} \cdot \ldots \cdot x_{n}} $$ Suppose that the inflation rates for the last five years are \(4 \%, 3 \%, 5 \%, 6 \%\), and \(8 \%\), respectively. Thus at the end of the first year, the price index will be \(1.04\) times the price index at the beginning of the year, and so on. Find the mean rate of inflation over the 5 -year period by finding the geometric mean of the data set \(1.04,1.03,1.05,1.06\), and \(1.08 .\) (Hint: Here, \(n=5, x_{1}=1.04, x_{2}=1.03\), and so on. Use the \(x^{1 / n}\) key on your calculator to find the fifth root. Note that the mean inflation rate will be obtained by subtracting 1 from the geometric mean.)
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