Bundle: Introduction to Statistics and Data Analysis, 5th + WebAssign Printed Access Card: Peck/Olsen/Devore. 5th Edition, Single-Term
5th Edition
ISBN: 9781305620711
Author: Roxy Peck, Chris Olsen, Jay L. Devore
Publisher: Cengage Learning
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Textbook Question
Chapter 1.3, Problem 5E
The student senate at a university with 15,000 students is interested in the proportion of students who favor a change in the grading system to allow for plus and minus grades (for example, B+, B, B−， rather than just B). Two hundred students are interviewed to determine their attitude toward this proposed change.
- a. What is the population of interest?
- b. What group of students constitutes the sample in this problem?
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Examine the Variables: Carefully review and note the names of all variables in the dataset. Examples of these variables include:
Mileage (mpg)
Number of Cylinders (cyl)
Displacement (disp)
Horsepower (hp)
Research: Google to understand these variables.
Statistical Analysis: Select mpg variable, and perform the following statistical tests. Once you are done with these tests using mpg variable, repeat the same with hp
Mean
Median
First Quartile (Q1)
Second Quartile (Q2)
Third Quartile (Q3)
Fourth Quartile (Q4)
10th Percentile
70th Percentile
Skewness
Kurtosis
Document Your Results:
In RStudio: Before running each statistical test, provide a heading in the format shown at the bottom. “# Mean of mileage – Your name’s command”
In Microsoft Word: Once you've completed all tests, take a screenshot of your results in RStudio and paste it into a Microsoft Word document. Make sure that snapshots are very clear. You will need multiple snapshots. Also transfer these results to the…
Examine the Variables: Carefully review and note the names of all variables in the dataset. Examples of these variables include:
Mileage (mpg)
Number of Cylinders (cyl)
Displacement (disp)
Horsepower (hp)
Research: Google to understand these variables.
Statistical Analysis: Select mpg variable, and perform the following statistical tests. Once you are done with these tests using mpg variable, repeat the same with hp
Mean
Median
First Quartile (Q1)
Second Quartile (Q2)
Third Quartile (Q3)
Fourth Quartile (Q4)
10th Percentile
70th Percentile
Skewness
Kurtosis
Document Your Results:
In RStudio: Before running each statistical test, provide a heading in the format shown at the bottom. “# Mean of mileage – Your name’s command”
In Microsoft Word: Once you've completed all tests, take a screenshot of your results in RStudio and paste it into a Microsoft Word document. Make sure that snapshots are very clear. You will need multiple snapshots. Also transfer these results to the…
Chapter 1 Solutions
Bundle: Introduction to Statistics and Data Analysis, 5th + WebAssign Printed Access Card: Peck/Olsen/Devore. 5th Edition, Single-Term
Ch. 1.3 - Give brief definitions of the terms descriptive...Ch. 1.3 - Give brief definitions of the terms population and...Ch. 1.3 - The following conclusion from a study appeared in...Ch. 1.3 - Based on a study of 2 121 children between the...Ch. 1.3 - The student senate at a university with 15,000...Ch. 1.3 - Prob. 6ECh. 1.3 - The supervisors of a rural county are interested...Ch. 1.3 - A consumer group conducts crash tests of new model...Ch. 1.3 - A building contractor has a chance to buy an odd...Ch. 1.3 - The article Brain Shunt Tested to Treat Alzheimers...
Ch. 1.3 - In a study of whether taking a garlic supplement...Ch. 1.4 - Classify each of the following variables as either...Ch. 1.4 - Classify each of the following variables as either...Ch. 1.4 - Prob. 14ECh. 1.4 - For the following numerical variables, state...Ch. 1.4 - For each of the following situations, give a set...Ch. 1.4 - In a survey of 100 people who had recently...Ch. 1.4 - Prob. 18ECh. 1.4 - The article Feasting on Protein (AARP Bulletin,...Ch. 1.4 - ● Box Office Mojo (www.boxofficcmojo.com) tracks...Ch. 1.4 - Prob. 21ECh. 1.4 - The following display is a graph similar to one...Ch. 1.4 - Prob. 23ECh. 1.4 - Prob. 24ECh. 1.4 - Prob. 25ECh. 1.4 - Prob. 26ECh. 1.4 - The article Fliers Trapped on Tarmac Push for...Ch. 1.4 - Prob. 28ECh. 1.4 - The article Where College Students Buy Textbooks...Ch. 1.4 - Prob. 30ECh. 1.4 - Prob. 31ECh. 1 - The report Testing the Waters 2009 (nrdc.org)...Ch. 1 - The U.S. Department of Education reported that 14%...Ch. 1 - The Computer Assisted Assessment Center at the...Ch. 1 - The article Just How Safe Is That Jet? (USA TODAY,...Ch. 1 - Each year, U.S. News and World Report publishes a...Ch. 1 - Many adolescent boys aspire to be professional...
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- Examine the Variables: Carefully review and note the names of all variables in the dataset. Examples of these variables include: Mileage (mpg) Number of Cylinders (cyl) Displacement (disp) Horsepower (hp) Research: Google to understand these variables. Statistical Analysis: Select mpg variable, and perform the following statistical tests. Once you are done with these tests using mpg variable, repeat the same with hp Mean Median First Quartile (Q1) Second Quartile (Q2) Third Quartile (Q3) Fourth Quartile (Q4) 10th Percentile 70th Percentile Skewness Kurtosis Document Your Results: In RStudio: Before running each statistical test, provide a heading in the format shown at the bottom. “# Mean of mileage – Your name’s command” In Microsoft Word: Once you've completed all tests, take a screenshot of your results in RStudio and paste it into a Microsoft Word document. Make sure that snapshots are very clear. You will need multiple snapshots. Also transfer these results to the…arrow_forward2 (VaR and ES) Suppose X1 are independent. Prove that ~ Unif[-0.5, 0.5] and X2 VaRa (X1X2) < VaRa(X1) + VaRa (X2). ~ Unif[-0.5, 0.5]arrow_forward8 (Correlation and Diversification) Assume we have two stocks, A and B, show that a particular combination of the two stocks produce a risk-free portfolio when the correlation between the return of A and B is -1.arrow_forward
- 9 (Portfolio allocation) Suppose R₁ and R2 are returns of 2 assets and with expected return and variance respectively r₁ and 72 and variance-covariance σ2, 0%½ and σ12. Find −∞ ≤ w ≤ ∞ such that the portfolio wR₁ + (1 - w) R₂ has the smallest risk.arrow_forward7 (Multivariate random variable) Suppose X, €1, €2, €3 are IID N(0, 1) and Y2 Y₁ = 0.2 0.8X + €1, Y₂ = 0.3 +0.7X+ €2, Y3 = 0.2 + 0.9X + €3. = (In models like this, X is called the common factors of Y₁, Y₂, Y3.) Y = (Y1, Y2, Y3). (a) Find E(Y) and cov(Y). (b) What can you observe from cov(Y). Writearrow_forward1 (VaR and ES) Suppose X ~ f(x) with 1+x, if 0> x > −1 f(x) = 1−x if 1 x > 0 Find VaRo.05 (X) and ES0.05 (X).arrow_forward
- Joy is making Christmas gifts. She has 6 1/12 feet of yarn and will need 4 1/4 to complete our project. How much yarn will she have left over compute this solution in two different ways arrow_forwardSolve for X. Explain each step. 2^2x • 2^-4=8arrow_forwardOne hundred people were surveyed, and one question pertained to their educational background. The results of this question and their genders are given in the following table. Female (F) Male (F′) Total College degree (D) 30 20 50 No college degree (D′) 30 20 50 Total 60 40 100 If a person is selected at random from those surveyed, find the probability of each of the following events.1. The person is female or has a college degree. Answer: equation editor Equation Editor 2. The person is male or does not have a college degree. Answer: equation editor Equation Editor 3. The person is female or does not have a college degree.arrow_forward
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