Intro Stats, Books a la carte Plus NEW MyLab Statistics with Pearson eText -- Access Card Package (5th Edition)
5th Edition
ISBN: 9780134210247
Author: Richard D. De Veaux, Paul Velleman, David E. Bock
Publisher: PEARSON
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Textbook Question
Chapter 1, Problem 42E
Indy 500 2016 on the computer Load the Indy 500 2016 data into your preferred statistics package and answer the following questions:
- a) What was the average speed of the winner in 1920?
- b) How many times did Bill Vukovich win the race in the 1950s?
- c) How many races took place during the 1940s?
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Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Click on the datafile logo to reference the data.
DATA file
Type of Fund
Domestic Equity
Number of Funds
Total Return (%)
9191
4.65
International Equity
2621
18.15
Hybrid
1419
2900
11.36
6.75
Specialty Stock
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
%
b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to
Maturity
20
Dollar Value
($ millions)
20
12
30
7
10
5
6
15
10
Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds (to 1 decimal).
days
c. What are the first and third quartiles?
First Quartiles (to 1 decimals)
Third Quartiles (to 4 decimals)
× ☑
Which companies spend the most money on advertising? Business Insider maintains a list of the top-spending companies. In 2014, Procter & Gamble spent more than any other company, a whopping $5 billion. In second place was Comcast, which spent $3.08 billion (Business Insider website, December 2014). The top 12 companies and
the amount each spent on advertising in billions of dollars are as follows.
Click on the datafile logo to reference the data.
DATA file
Company
Procter & Gamble
Comcast
Advertising
($billions)
$5.00
3.08
2.91
Company
American Express
General Motors
Advertising
($billions)
$2.19
2.15
ETET
AT&T
Ford
Verizon
L'Oreal
2.56
2.44
2.34
Toyota
Fiat Chrysler
Walt Disney Company
J.P Morgan
a. What is the mean amount spent on advertising? (to 2 decimals)
2.55
b. What is the median amount spent on advertising? (to 3 decimals)
2.09
1.97
1.96
1.88
Chapter 1 Solutions
Intro Stats, Books a la carte Plus NEW MyLab Statistics with Pearson eText -- Access Card Package (5th Edition)
Ch. 1.3 - In the 2004 Tour de France, Lance Armstrong made...Ch. 1.3 - In the 2004 Tour de France, Lance Armstrong made...Ch. 1 - Grocery shopping Many grocery store chains offer...Ch. 1 - Online shopping Online retailers such as...Ch. 1 - Parking lots Sensors in parking lots are able to...Ch. 1 - Satellites and global climate change Satellites...Ch. 1 - Super Bowl Sports announcers love to quote...Ch. 1 - Nobel laureates The website www.nobelprize.org...Ch. 1 - Health records The National Center for Health...Ch. 1 - Facebook. Facebook uploads more than 350 million...
Ch. 1 - Prob. 9ECh. 1 - ZIP codes The U.S. Postal Service uses five-digit...Ch. 1 - Voters A February 2010 Gallup Poll question asked,...Ch. 1 - Job hunting A June 2011 Gallup Poll asked...Ch. 1 - Medicine A pharmaceutical company conducts an...Ch. 1 - Stress A medical researcher measures the increase...Ch. 1 - Voting and elections Pollsters are interested in...Ch. 1 - Weather Meteorologists utilize sophisticated...Ch. 1 - (Exercises 1926) For each description of data,...Ch. 1 - (Exercises 1926) For each description of data,...Ch. 1 - (Exercises 1926) For each description of data,...Ch. 1 - (Exercises 1926) For each description of data,...Ch. 1 - (Exercises 1926) For each description of data,...Ch. 1 - (Exercises 1926) For each description of data,...Ch. 1 - (Exercises 1926) For each description of data,...Ch. 1 - (Exercises 1926) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - (Exercises 2740) For each description of data,...Ch. 1 - Kentucky Derby 2016 on the computer Load the...Ch. 1 - Indy 500 2016 on the computer Load the Indy 500...
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- Martinez Auto Supplies has retail stores located in eight cities in California. The price they charge for a particular product in each city are vary because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that Martinez Auto sold last quarter in each city. City Price ($) Sales (cases) Bakersfield 34.99 501 Los Angeles 38.99 1425 Modesto 36.00 294 Oakland 33.59 882 Sacramento 40.99 715 San Diego 38.59 1088 San Francisco 39.59 1644 San Jose 37.99 819 Compute the average sales price per case for this product during the last quarter? Round your answer to two decimal places.arrow_forwardConsider the following data and corresponding weights. xi Weight(wi) 3.2 6 2.0 3 2.5 2 5.0 8 a. Compute the weighted mean (to 2 decimals). b. Compute the sample mean of the four data values without weighting. Note the difference in the results provided by the two computations (to 3 decimals).arrow_forwardExpert only,if you don't know it don't attempt it, no Artificial intelligence or screen shot it solvingarrow_forward
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