a. What is the sample range? b. If you would like to construct a frequency distribution table with 6 classes, what is the appropriate class width? Calculate this value. Give an example of the first interval and the second interval for these intervals. Assume the first interval starts from 5. C. Find the frequency and the relative frequency in the interval (9.5, 10.99). d. What are the median and the 78th percentile? Show your work.
a. What is the sample range? b. If you would like to construct a frequency distribution table with 6 classes, what is the appropriate class width? Calculate this value. Give an example of the first interval and the second interval for these intervals. Assume the first interval starts from 5. C. Find the frequency and the relative frequency in the interval (9.5, 10.99). d. What are the median and the 78th percentile? Show your work.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Transcribed Image Text:RDPct
13.5
8.4
10.5
9
9.2
9.7
6.6
10.6
10.1
7.1
8
7.9
6.8
9.5
8.1
13.5
9.9
6.9
7.5
11.1
8.2
8
7.7
7.4
6.5
9.5
8.2
6.9
7.2
8.2
9.6
7.2
8.8
11.3
8.5
9.4
10.5
6.9
6.5
7.5
7.1
13.2
7.7
5.9
5.2
5.6
11.7
6
7.8
6.5

Transcribed Image Text:a.
What is the sample range?
b. If you would like to construct a frequency distribution table with 6 classes, what is the
appropriate class width? Calculate this value. Give an example of the first interval and the
second interval for these intervals. Assume the first interval starts from 5.
C.
Find the frequency and the relative frequency in the interval (9.5, 10.99).
d. What are the median and the 78th percentile? Show your work.
Expert Solution

Part A
Sample range = maximum value - minimum value = 13.5 - 5.2 = 8.3
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