Statistics for Business and Economics
8th Edition
ISBN: 9780132745659
Author: Paul Newbold, William Carlson, Betty Thorne
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 2.2, Problem 18E
a)
To determine
Proportion observations between the interval of 190 and 310.
b)
To determine
The proportion of observations between the interval of 210 and 290.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
SCCoast, an Internet provider in the Southeast, developed the following frequency distribution on the age of Internet users. Find the mean and the standard deviation. (Round squared deviations to nearest whole number and final answer to 2 decimal places.)
Age (years)
Frequency
10 up to 20
3
20 up to 30
7
30 up to 40
18
40 up to 50
20
50 up to 60
12
19
The mean of z-scores in a data set
a
is zero only when the x-values are balanced around the mean of x.
b
is greater than zero for data sets that have large outlying values.
c
is always equal to one.
d
is always equal to zero
18. An insurance agent has claimed that the average age of policy-holders
who insure through him is less than the average for all agents, which is 30-5 years.
A random sample of 100 policy-holders who had insured through him gave the following
age distribution :
Age last birthday
16-20
21-25
26-30
31-35
36-40
No. of persons
12
22
20
30
16
:
Calculate the arithmetic mean and standard deviation of this distribution and use these
values to test his claim at the 5% level of significance. You are given that Z (1-645) = (0-95.
Chapter 2 Solutions
Statistics for Business and Economics
Ch. 2.1 - Prob. 1ECh. 2.1 - Prob. 2ECh. 2.1 - Prob. 3ECh. 2.1 - Prob. 4ECh. 2.1 - Prob. 5ECh. 2.1 - Prob. 6ECh. 2.1 - Prob. 7ECh. 2.1 - Prob. 8ECh. 2.1 - A random sample of 156 grade point averages for...Ch. 2.1 - Prob. 10E
Ch. 2.2 - Prob. 12ECh. 2.2 - Prob. 13ECh. 2.2 - Prob. 14ECh. 2.2 - Prob. 15ECh. 2.2 - Prob. 16ECh. 2.2 - Prob. 17ECh. 2.2 - Prob. 18ECh. 2.2 - Prob. 19ECh. 2.2 - Prob. 20ECh. 2.2 - Prob. 21ECh. 2.2 - Prob. 22ECh. 2.2 - Prob. 23ECh. 2.2 - Prob. 24ECh. 2.3 - Prob. 26ECh. 2.3 - Prob. 27ECh. 2.3 - Prob. 28ECh. 2.3 - Prob. 29ECh. 2.3 - Prob. 30ECh. 2.3 - Prob. 31ECh. 2.3 - Prob. 32ECh. 2.3 - Prob. 33ECh. 2.3 - Prob. 34ECh. 2.4 - Prob. 35ECh. 2.4 - Prob. 36ECh. 2.4 - Prob. 37ECh. 2.4 - Prob. 38ECh. 2.4 - Acme Delivery offers three different shipping...Ch. 2.4 - Prob. 40ECh. 2.4 - Prob. 42ECh. 2.4 - Prob. 43ECh. 2 - Prob. 44ECh. 2 - Prob. 46ECh. 2 - Prob. 47ECh. 2 - Prob. 49ECh. 2 - Prob. 50ECh. 2 - Prob. 51ECh. 2 - Prob. 52ECh. 2 - Prob. 55ECh. 2 - Prob. 56E
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Similar questions
- ll by adding 5 to each of the numbers in the set 3.6 117 7 1 we obtain the set 8, 116, 12, 10 Show that the two sets have the standard deviation Same deviation but different means How are the mean related ?arrow_forwardK The first statistics exam had a mean of 71 and a standard deviation of 15 points; the second had a mean of 82 and a standard deviation of 5 points. Anna scored a 84 on both tests. Megan scored 94 on the first exam and 74 on the second. They both totaled 168 points on the two exams, but Anna claims that her total is better. Explain. The total of Anna's z-scores is, which is greater than Megantotal of (Round to one decimal place as needed.)arrow_forwardThe reliability of an estimator is assessed in terms of its _____. Select one: a. mean b. ease of computation c. coefficient of variation d. variancearrow_forward
- 8. Find the value of the standard error of the mean in each of the following cases. (Use the finite Suppose a random sample of size 30 is selected from a population with o = population correction factor if appropriate. Round your answers to two decimal places.) (a) The population size is infinite. (b) The population size is = 30,000. (c) The population size is N = 3,000.arrow_forwardA health expert evaluates the sleeping patterns of adults. Each week she randomly selects 40 adults and calculates their average sleep time. Over many weeks, she finds that 5% of average sleep time is less than 3 hours and 5% of average sleep time is more than 3.4 hours. What are the mean and standard deviation (in hours) of sleep time for the population? (Round "Mean" to 1 decimal places and "standard deviation" to 3 decimal places.) Mean Standard deviationarrow_forwardThe state of California has a mean annual rainfall of 22 inches, whereas the state ofNew York has a mean annual rainfall of 42 inches (Current Results website, October 27,2012). Assume that the standard deviation for both states is 4 inches. A sample of 30 yearsof rainfall for California and a sample of 45 years of rainfall for New York has been taken.a. Show the probability distribution of the sample mean annual rainfall for Californiaarrow_forward
- QUESTION 28 "For a population with a mean = 440 and a standard deviation = 110, what is the X value corresponding to z = 2.67? (Be sure to round answer to the second decimal place)."arrow_forwardQuestion of the day. The mean weekly sales of the chocolate bar in candy stores was 146-3 bars per store. After an advertising campaign the mean weekly sales in 22 stores for a typical week increased to 153-7 and showed a standard deviation of 17-2. Was the advertising campaign successful?arrow_forwardiv. The mean of the following frequency distribution was found to be 1.46. No of Aredents No. of Dayr (raquancy) 46 2 25 10 Total 200 days Calculate the missing frequencies.arrow_forward
- 5. The weight of bags of luggage of 40 Summer Cruise customers were recorded in the table below. Weight (kg) Frequency 21-25 6 26-30 8 31-35 13 36-40 9 41-45 4 Using the above table, calculate the a) the mean weight b) the standard deviationarrow_forwardMEAN ABSOLUTE DEVIATION Q.1) Find the mean absolute deviation for the set below. S = {85, 90, 68, 75, 79} A. В. C. D. 79.4 6.48 32.4 79 Sherrie just registered for her wedding. So far 6 items have been fulfilled on her registry. Find the Q.2) mean price of the fulfilled items. $29, $58, $15, $129, $75, $22 43.5 129 54.7 114 А. В. С. D. Find the mean absolute deviation of the fulfilled items on Sherrie's registry. $29 , $58, $15, $129, Q.3) $75, $22 196 54.7 114 32.67 C. D.arrow_forward13. Find the mean, mode, and median of the following sets of data. 82. 23, 59, 94, 70, 26, 32, 83, 87, 94, 32 MEAN MODE MEDIAN 67, 70, 49, 95, 40, 97, 62, 54, 42 MEAN MODE MEDIAN 83, 93, 77, 33, 62, 28, 23 MEAN MODE MEDIAN 86, 13, 60, 55, 61,97, 30, 98, 79, 52 MEAN MODE MEDIAN 31, 92, 25, 69, 80, 31, 29 MEAN MODE MEDIAN 24, 22, 32, 59, 99, 59, 76, 83, 21, 95 MEAN MODE MEDIAN áciting a 14. The datoarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education