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Super Bowl tickets \(\quad\) StubHub is a popular Web site where fans can buy and sell tickets to concerts and sporting events. Below are data representing the amounts (in dollars) that buyers using StubHub spent on Super Bowl XLV tickets. $$ \begin{array}{llllllll} 2275 & 3050 & 2800 & 4200 & 7500 & 3500 & 2400 & 2575 \\ 2890 & 2395 & 5000 & 3300 & 2475 & 2195 & 2999 & 3650 \end{array} $$ a. Construct a stem-and-leaf plot. Truncate the data to the first two digits for purposes of constructing the plot. For example, 2275 becomes 22 . b. Summarize what this plot tells you about the data. c. Reconstruct the stem-and-leaf plot in part a using split stems; that is, two stems of \(2,\) two stems of \(3,\) etc. Compare the two stem-and-leaf plots. Explain how one may be more informative than the other.

Short Answer

Expert verified
A split stem-and-leaf plot is more informative as it better shows data dispersion within each range.

Step by step solution

01

Prepare the Data

Identify the tens digit from each ticket price to create stems. The two-digit values for our data set are: 22, 30, 28, 42, 75, 35, 24, 25, 28, 23, 50, 33, 24, 21, 29, 36. These will help to construct the stem-and-leaf plot.
02

Construct Initial Stem-and-Leaf Plot

Divide each ticket price into a stem and leaf. Stems are tens digits (20, 30, 40, 50, 70), while leaves are the units (ones) digits from each truncated number. Arrange them: \[\begin{array}{c|l}2 & 1, 2, 3, 4, 4, 5, 8, 8, 9 \3 & 0, 3, 5, 6, 6, 9 \4 & 2 \5 & 0 \7 & 5 \\end{array}\] .
03

Interpret Initial Stem-and-Leaf Plot

The plot shows most ticket buyers spent between $2,000 and $3,900, with a significant clustering around the 20's stem. There's a noticeable gap between 42 and 75, while only one purchase was made above $5,000.
04

Construct a Split Stem-and-Leaf Plot

Create two groups for each stem except for 4 and 7 (since these have few entries). For instance, split stems: (2)0-4 and (2)5-9. Arrange the data: \[\begin{array}{c|l}2 & 1, 2, 3, 4 \2 & 4, 5, 8, 8, 9 \3 & 0, 3, 5 \3 & 6, 6, 9 \4 & 2 \5 & 0 \7 & 5 \\end{array}\] .
05

Compare the Two Plots

The split stem-and-leaf plot offers a clearer view of data dispersion within each stem, showing finer distinctions in purchase amounts. The initial plot gave a broader summary. The split plot is more informative as it helps identify smaller data clusters.

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Key Concepts

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

Data Visualization
When analyzing data, using visual representation makes it easier to understand complex information at a glance. A **stem-and-leaf plot** is a popular data visualization tool. It helps display quantitative data while maintaining the original numbers. In our Super Bowl ticket example, the stem-and-leaf plot uses truncated numbers, keeping the tens and discarding the hundreds and units. This means a ticket price of $2,275 is represented as 22.

The initial plot provided a simple view by grouping numbers into general categories based on their tens digit. The subsequent **split stem-and-leaf plot** further enhances visualization by creating additional categories. This method captures subtle variations within a range and reveals more details about data distribution. It's valuable in highlighting clusters or gaps in data. Thus, choosing the right type of data visualization is key in conveying the needed information effectively and simply.
Descriptive Statistics
**Descriptive statistics** help summarize and understand a data set by presenting meaningful patterns and summaries. The stem-and-leaf plot for Super Bowl ticket prices shows most buyers spent between $2,000 and $3,900. This immediately provides us an idea of the typical spending amount without advanced calculations.

Key concepts in descriptive statistics include:
  • **Range**: This is the difference between the highest and lowest values. In our data set, ticket prices ranged from $2,195 to $7,500.
  • **Mode**: The most frequently occurring value(s) can be easily identified from the plot. For instance, amounts clustering around the stem 20 are frequent indicators of common purchase values.
  • **Gaps and Clusters**: These indicate variability and patterns. For instance, a gap between 42 and 75 in the initial plot signifies fewer ticket purchases in those ranges.
These basic descriptors from our visualization aid in forming a narrative about the data.
Statistical Analysis
**Statistical Analysis** involves interpreting data to infer trends or make predictions. Our provided stem-and-leaf plot serves as a foundation for deeper statistical studies.

Going beyond descriptive statistics, analysis might involve assessing how the ticket price distribution correlates with external factors like event popularity or economic conditions. **Exploratory Data Analysis (EDA)** can be performed by comparing corresponding plots from different events.

Advanced techniques include calculating:
  • **Mean and Median**: While not directly visible in a stem-and-leaf, these can be calculated to provide insight into central tendencies.
  • **Standard Deviation**: Helps measure how spread out ticket prices are from the average, reflecting on market variability.
While our focus remains on visualization, statistical analysis allows exploring patterns beyond what is graphically evident. It's a gateway to understanding underlying causes or predicting future occurrences based on existing data.

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