Documente Academic
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Hi
99
92
77
72
77
88
78
Lo
77
78
57
56
58
68
61
Condition
pc
pc
sh
pc
c
cl
c
2. The following table shows the starting salaries of a sample of recent business graduates.
Income (In $1,000s)
Number of Graduates
15 - 19
40
20 - 24
60
25 - 29
80
30 - 34
18
35 - 39
2
a.
b.
c.
What percentage of graduates in the sample had starting salaries of at least $30,000?
Of the graduates in the sample, what percentage had starting salaries of less than $25,000?
Based on this sample, what percentage of all business graduates do you estimate to have
starting salaries of at least $20,000?
Chapter 2:
3. A student has completed 20 courses in the School of Arts and Sciences. Her grades in the 20 courses
are shown below.
A
B
A
B
C
C
C
B
B
B
B
A
B
B
B
C
B
C
B
A
a. Develop a frequency distribution and a bar graph for her grades.
b. Develop a relative frequency distribution for her grades.
99
72
58
75
92
76
65
74
86
95
79
56
84
88
80
99
Construct a frequency distribution for this data. Use a class width of 10 and give the first
class a lower limit of 50.
Construct a cumulative frequency distribution.
Construct a relative frequency distribution.
Construct a cumulative relative frequency distribution.
5. The SAT scores of a sample of business school students and their genders are shown below.
Gender
Female
Male
Total
a.
b.
c.
d.
e.
SAT Scores
20 up to 25
168
96
264
Less than 20
24
40
64
25 and more
48
24
72
Total
240
160
400
30
20
40
30
30
20
50
40
8. The following data show the yearly salaries of football coaches at some state supported universities.
Salary
University
(in $1,000)
A
53
B
44
C
68
D
47
E
62
F
59
G
53
H
94
For the above sample, determine the following measures.
a. The mean yearly salary
b. The standard deviation
c. The mode
d. The median
e. The 70th percentile, and interpret the meaning.
f. Was University H an outlier by IQR definition?
g. Was University H an outlier by z-score definition?
9. The following observations are given for two variables.
y
x
5
2
8
12
18
3
20
6
22
11
30
19
10
18
7
9
a.
b.
c.
d.
e.
Compute and interpret the sample covariance for the above data.
Compute the standard deviation for x.
Compute the standard deviation for y.
Compute and interpret the sample correlation coefficient.
Sketch a scatter diagram for the data set.
10. The standard deviation of a sample was reported to be 7. The report indicated that
13. Assume you have applied for two scholarships, a Merit scholarship (M) and an Athletic scholarship
(A). The probability that you receive an Athletic scholarship is 0.18. The probability of receiving
both scholarships is 0.11. The probability of getting at least one of the scholarships is 0.3.
a.
b.
c.
d.
e.
14. An experiment consists of throwing two six-sided dice and observing the number of spots on the
upper faces. Determine the probability that
a.
b.
c.
d.
e.
f.
15. Assume two events A and B are mutually exclusive and, furthermore, P(A) = 0.2 and P(B) = 0.4.
a.
b.
c.
a.
b.
c.
d.
e.
f.
g.
h.
P(A D) = .6
P(AB) = .3
P(A C) = .04
P(A D) = .03
Compute P(D).
Compute P(A B).
Compute P(AC).
Compute the probability of the complement of C.
Are A and B mutually exclusive? Explain your answer.
Are A and B independent? Explain your answer.
Are A and C mutually exclusive? Explain your answer.
Are A and C independent? Explain your answer.
17. The following table shows the number of students in three different degree programs and whether
they are graduate or undergraduate students:
Business
Engineering
Arts & Sciences
Total
a.
b.
c.
d.
e.
Undergraduate
150
150
100
400
Graduate
50
25
25
100
Total
200
175
125
500
18. Assume a businessman has 7 suits and 8 ties. He is planning to take 3 suits and 2 ties with him on
his next business trip. How many possibilities of selection does he have?
19. The results of a survey of 800 married couples and the number of children they had is shown below.
Number of Children
0
1
2
3
4
5
Probability
0.050
0.125
0.600
0.150
0.050
0.025
If a couple is selected at random, what is the probability that the couple will have
a.
b.
c.
7
3
7
Hi: quantitative, Lo: quantitative, Condition: categorical
Hi: appropriate, Lo: appropriate, Condition: not appropriate
2.
a.
b.
c.
10%
50%
80%
3. Grade
A
B
C
Total:
Frequency
4
11
5
20
a.
4.
Score
50 - 59
60 - 69
70 - 79
80 - 89
90 - 99
Total
Frequency
3
2
5
4
6
20
Relative Frequency
0.20
0.55
0.25
1.00
b.
c.
Cumulative
Frequency
3
5
10
14
20
Relative
Frequency
0.15
0.10
0.25
0.20
0.30
1.00
d.
Cumulative
Relative
Frequency
0.15
0.25
0.50
0.70
1.00
5.
a.
b.
c.
64
240
24
5d.
Gender
Female
Male
Less than 20
10%
25%
SAT Scores
20 up to 25
70%
60%
25 and more
20%
15%
Gender
Female
Male
Total
SAT Scores
Less than 20
20 up to 25
37.5%
63.6%
62.5%
36.4%
100%
100%
25 and more
66.7%
33.3%
100%
e.
6.
10
20
30
40
50
Total
100%
100%
60
7.
Coefficient of Variation for 2005 = 18%,
Coefficient of Variation for 2006 = 17%
Therefore 2005 shows a slightly more dispersed distribution.
8.
a.
b.
c.
d.
e.
f.
g.
9.
a.
b.
c.
d.
60
15.8
53
56
62 At least 70% of the data is < or = to 62 and at least 30% is > or = to 62.
The upper limit is 87.5, so yes, University H was an outlier by IQR definition.
Hs z-score was approximately 2.15, so it would not be considered an outlier by the z-score
definition.
10. 21
13.
a.
b.
c.
d.
e.
11. 56
0.23
No, because P(A M) 0
No, because P(A M) P(A) P(M)
0.4783
0.6111
4.
14. a.
b.
c.
d.
e.
f.
2/36
9/36
34/36
16/36
1/36
6/36
15.
a. 0.0
b. 0.6
c. 0.0
16.
a.
b.
c.
d.
e.
f.
g.
h.
0.23
0.06
0.4
0.9
No, P(A B) 0
No, P(A B) P(A)
No, P(A C) 0
Yes, P(A C) = P(A)
17.
a.
b.
c.
d.
e.
0.8
35%
0.375
0.8
0.1
18. 980
19.
a. 0.925
b. 0.225
c. 0.75
12. 210
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