Ĵ****** Cost (5) 1. (1) sample mean s^2 one std. dev two std. dev three std. dev (3) (enter response to Task 3) 68.26% 95.44% 99.73% 334.50 Enter tolerance intervals (2) mean 334.50 334.50 334.50 Enter tolerance intervals In order to control costs, a company wishes to study the amount of money its sales force spends entertaining clients. The following is a random sample of six entertainment expenses (dinner costs for four people) from expense reports submitted by members of the sales force. $357 $332 $309 $345 $325 $339 TASKS: 1) Calculatex, s^2, and s for the expense data. 2) Assuming that the distribution of entertainment expenses is approximately normally distributed, calculate estimates of tolerance intervals containing 68.26 percent, 95.44 percent, and 99.73 percent of all entertainment expenses by the sales force. 3) If a member of the sales force submits an entertainment expense (dinner cost for four) of $390, should this expense be considered unusually high (and possibly worthy of investigation by the company)? Explain your answer. 4) Compute and interpret the 2-score for each of the six entertainment expenses. NO HARD INPUTS count 0 %s falling into the intervals 0.0% 0.0% 0.0% 2-scores (4) interpretation
Ĵ****** Cost (5) 1. (1) sample mean s^2 one std. dev two std. dev three std. dev (3) (enter response to Task 3) 68.26% 95.44% 99.73% 334.50 Enter tolerance intervals (2) mean 334.50 334.50 334.50 Enter tolerance intervals In order to control costs, a company wishes to study the amount of money its sales force spends entertaining clients. The following is a random sample of six entertainment expenses (dinner costs for four people) from expense reports submitted by members of the sales force. $357 $332 $309 $345 $325 $339 TASKS: 1) Calculatex, s^2, and s for the expense data. 2) Assuming that the distribution of entertainment expenses is approximately normally distributed, calculate estimates of tolerance intervals containing 68.26 percent, 95.44 percent, and 99.73 percent of all entertainment expenses by the sales force. 3) If a member of the sales force submits an entertainment expense (dinner cost for four) of $390, should this expense be considered unusually high (and possibly worthy of investigation by the company)? Explain your answer. 4) Compute and interpret the 2-score for each of the six entertainment expenses. NO HARD INPUTS count 0 %s falling into the intervals 0.0% 0.0% 0.0% 2-scores (4) interpretation
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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