200 280 200 300 200 200 300 150; Mode 100 and 200 83.26; Range = 460 is outliner and a significantly high value. 500 200

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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For data of discussion 1 refer to this picture  

  1. What is the best point estimate for your survey question that you used in Discussion 1? Be sure to include both the correct notation (symbol) and the value.
  2. Construct a confidence interval for the responses to your survey. Assume that you do not know the population standard deviation.
  3. Indicate your level of confidence and the corresponding critical value.
  4. What is the margin of error?
  5. If we would increase the sample size to 500 students, what would happen to your margin of error?
1. Approximately, how much money do you spend on gas per month and per
how many miles?
2.
0
100
150
240
0
100
180
40
100
200
250 275
65
100
200
280
75
120
200
300
85
140
200
300
100
144
200
500
100
150
200
3. Mean = 164.32; Median = 150; Mode = 100 and 200
4. SD = 92.65; Variance = 8,583.26; Range = 460
5. Z-score = 3.62 - This value is outliner and a significantly high value.
Transcribed Image Text:1. Approximately, how much money do you spend on gas per month and per how many miles? 2. 0 100 150 240 0 100 180 40 100 200 250 275 65 100 200 280 75 120 200 300 85 140 200 300 100 144 200 500 100 150 200 3. Mean = 164.32; Median = 150; Mode = 100 and 200 4. SD = 92.65; Variance = 8,583.26; Range = 460 5. Z-score = 3.62 - This value is outliner and a significantly high value.
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