Recently, a random sample of 25-34 year olds was asked, "How much do you currently have in savings, not including retirement savings?" The data in the table represent the responses to the survey. Approximate the mean and standard deviation amount of savings. A Click the icon to view the frequency distribution for the amount of savings. The sample mean amount of savings is $ (Round to the nearest dollar as needed.) The sample standard deviation is $. (Round to the nearest dollar as needed.) Frequency distribution of amount of savings Frequency D 341 Savings $0-$199 $200-$399 $400-$599 $600-$799 $800-$999 $1000-$1199 $1200-$1399 99 58 17 12 6 3 Print Done
Recently, a random sample of 25-34 year olds was asked, "How much do you currently have in savings, not including retirement savings?" The data in the table represent the responses to the survey. Approximate the mean and standard deviation amount of savings. A Click the icon to view the frequency distribution for the amount of savings. The sample mean amount of savings is $ (Round to the nearest dollar as needed.) The sample standard deviation is $. (Round to the nearest dollar as needed.) Frequency distribution of amount of savings Frequency D 341 Savings $0-$199 $200-$399 $400-$599 $600-$799 $800-$999 $1000-$1199 $1200-$1399 99 58 17 12 6 3 Print Done
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:Recently, a random sample of 25-34 year olds was asked, "How much do you currently have in savings, not including retirement savings?" The data in the
table represent the responses to the survey. Approximate the mean and standard deviation amount of savings.
E Click the icon to view the frequency distribution for the amount of savings.
The sample mean amount of savings is $.
(Round to the nearest dollar as needed.)
The sample standard deviation is $.
(Round to the nearest dollar as needed.)
Frequency distribution of amount of savings
Frequency D
341
99
Savings
$0-$199
$200-$399
$400-$599
$600-$799
$800-$999
$1000-$1199
$1200-$1399
58
17
12
3
Print
Done
Expert Solution
Step 1
Given data :
| Sr no | classes | Frequency |
|---|---|---|
| 1 | 0-199 | 341 |
| 2 | 200-399 | 99 |
| 3 | 400-599 | 58 |
| 4 | 600-799 | 17 |
| 5 | 800-999 | 12 |
| 6 | 1000-1199 | 6 |
| 7 | 1200-1399 | 3 |
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman