Concept explainers
(a)
To find: The Inter
(a)
Answer to Problem 67E
Solution: The Inter
Explanation of Solution
Calculation: The Inter Quartile Range
Step 1: Enter the provided data in a Minitab worksheet.
Step 2: Go to Stat and select basic statistics.
Step 3: Then select Display
Step 4: Next click on Statistics tab and tick mark the option against interquartile range and click on OK twice to get the results.
From the Minitab output the Inter Quartile Range
Interpretation: The Inter Quartile Range
(b)
To find: The outliers using
(b)
Answer to Problem 67E
Solution: The value of outliers in the provided data is 428 of London. Any value above 236.5 or below –35.5 would be considered outliers as they are upper whisker and lower whisker, respectively.
Explanation of Solution
Calculation: To obtain the value of first and third quartile, follow the steps given below in Minitab,
Step 1: Enter the data in a Minitab worksheet.
Step 2: Go to Stat and select basic statistics.
Step 3: Then select Display Descriptive Statistics. Enter the name of the column containing the provided data in the variables textbox.
Step 4: Then click on Statistics tab and tick mark the option against first quartile and third quartile and click on OK twice.
The value of
The formula for upper whisker is,
where
The formula for lower whisker is,
where
Upper whisker of boxplot is found to be 236.5, so any values above 236.5 would be considered outliers and from data provided, value of 428 of London is outlier. There is no value below lower whisker.
Interpretation: Outliers refers to those data points that lie either above upper whisker and below lower whisker in boxplot. There was one outlier found in this data, and it is 428 of London.
(c)
To graph: A boxplot of the provided data and describe the distribution using it.
(c)
Explanation of Solution
Graph: Plot the boxplot in Minitab by performing the following steps,
Step 1: Enter the data into a Minitab worksheet.
Step 2: Go to ‘Graph’ and click on ‘Boxplot’.
Step 3: In the dialogue box that appears select ‘Simple’ and click OK.
Step 4: Next enter the name of the column containing the data in the filed marked as ‘Graph variables’ and click on OK.
The boxplot is obtained as shown below,
Interpretation: The boxplot is generally preferred to describe dataset having unsymmetrical distribution. The boxplot shows First quartile,
(d)
To graph: A modified boxplot and describes the distribution using it.
(d)
Explanation of Solution
Graph: Plot the modified boxplot in Minitab by performing the following steps,
Step 1: Enter the data into a Minitab worksheet.
Step 2: Go to ‘Graph’ and click on ‘Boxplot’.
Step 3: In the dialogue box that appears select ‘Simple’ and click OK.
Step 4: Next enter the name of the column containing the data in the filed marked as ‘Graph variables’ and click on OK.
The boxplot is obtained as shown below,
Interpretation: The modified boxplot is used to display data graphically when the distribution of data is unsymmetrical and skewed as it can clearly show outliers. In the modified boxplot it was found there is one data value which is upper outlier. This outlier is London. The modified boxplot does not display the outlier as a part of the whisker but marks the outlier away.
(e)
To graph: A stemplot of the provided data.
(e)
Explanation of Solution
Graph: Follow the steps given below to obtain the stemplot:
Step 1: Enter the data of sales in a Minitab worksheet.
Step 2: Go to Graph and select stem and leaves.
Step 3: Enter the name of the column containing the data in the Graph variables textbox and click OK.
The required stemplot is attached below,
Interpretation: The stemplot of data is generally drawn when size of data is small and all the data values are positive. It shows all the data values on stemplot. In the stemplot shown above there is one outliers which is London whose data values is 428. Also the data does not seem to be symmetrically distributed.
(f)
To find: The comparison of Boxplot, Modified boxplot, and stemplot and mention advantages and disadvantages of each.
(f)
Answer to Problem 67E
Solution: In boxplot, data is displayed based on five-number summary, which included Minimum, Maximum, first quartile, third quartile, and Median and displaying the outlier as part of the whisker. In Modified boxplot also data is displayed based on five-number summary, but it displays the outliers such that they are not connected to the whiskers. In stemplot, data values are arranged in stem consisting of all digits except right most and leaves contain final digit. Advantage of boxplots is that it is suitable for unsymmetrical data while advantage of stemplot is that it shows all numerical value of data on graph itself. Disadvantage of Boxplot is that it is not suitable for unsymmetrical data while disadvantage of stemplot is that it is used only for positive numbers only and if the data size is small.
Explanation of Solution
The comparison of Boxplot, Modified boxplot, and stemplot is shown below:
Boxplot |
Modified Boxplot |
Stemplot |
|
Description |
It displays data based on |
It displays data based on five number summary including Minimum, Maximum, First quartile and Third Quartile and Median. The outliers are not displayed as part of the whiskers. |
In stemplot data values are arranged in stem consisting of all digits except right most digit and leaves contain final digit |
Advantages |
1. It displays five number summary graphically. 2. It is suitable for unsymmetrical data. |
1. It displays five number summary. 2. It is suitable for unsymmetrical data which is skewed. 3. It shows outliers clearly. |
1. It can display both symmetrical and unsymmetrical data graphically. 2. It can indicate outliers also 3. It displays all numerical values of data on stemplot. |
Disadvantages |
1. It is not suitable data set having symmetrical distribution. 2. It does not display outliers on graph. |
1. It is not suitable data set having symmetrical distribution. |
1. It is not suitable if data size is very large. 2. It is not used fornegative numbers. |
Want to see more full solutions like this?
Chapter 1 Solutions
Introduction to the Practice of Statistics
- You’re scrolling through Instagram and you notice that a lot of people are posting selfies. This piques yourcuriosity and you want to estimate the percentage of photos on Instagram that are selfies.(a) (5 points) Is there a “ground truth” for the percentage of selfies on Instagram? Why or why not?(b) (5 points) Is it possible to estimate the ground truth percentage of selfies on Instagram?Irrespective of your answer to the previous question, you decide to pull up n = 250 randomly chosenphotos from your friends’ Instagram accounts and find that 32% of these photos are selfies.(c) (15 points) Determine which of the following is an observation, a variable, a sample statistic (valuecalculated based on the observed sample), or a population parameter.• A photo on Instagram.• Whether or not a photo is a selfie.• Percentage of all photos on Instagram that are selfies.• 32%.(d) (5 points) Based on the sample you collected, do you think 32% is a reliable ballpark estimate for theground truth…arrow_forwardCan you explain this statement below in layman's terms? Secondary Analysis with Generalized Linear Mixed Model with clustering for Hospital Center and ICUvs Ward EnrolmentIn a secondary adjusted analysis we used generalized linear mixed models with random effects forcenter (a stratification variable in the primary analyses). In this analysis, the relative risk for the primaryoutcome of 90-day mortality for 7 versus 14 days of antibiotics was 0.90 (95% Confidence Interval [CI]0.78, 1.05).arrow_forwardIn a crossover trial comparing a new drug to a standard, π denotes the probabilitythat the new one is judged better. It is desired to estimate π and test H0 : π = 0.5against H1 : π = 0.5. In 20 independent observations, the new drug is better eachtime.(a) Find and plot the likelihood function. Give the ML estimate of π (Hint: youmay use the plot function in R)arrow_forward
- Can you explain what this analysis means in layman's terms? - We calculated that a target sample size of 3626, which was based on anticipated baseline 90-day mortality of 22% and a noninferiority margin of no more than 4 percentage points, would give the trial 80% power, at a one-sided alpha level of 2.5%, accounting for a maximum of 5% loss to follow-up and for early stopping rules for three interim analyses.-arrow_forwardCan you help me understand this analysis? A 95.7% confidence interval is shown for the intention-to-treat analysis (accounting for alpha spending in interim analyses), and 95% confidence intervals are shown for the other two analyses. The widths of the confidence intervals have not been adjusted for multiplicity. The dashed line indicates the noninferiority margin of 4 percentage points.arrow_forwardTitle: Analyzing Customer Satisfaction for UnileverAs a member of Unilever's Customer Experience Management team, you are responsible forevaluating customer satisfaction levels and monitoring competitive moves. This case studyinvolves analyzing satisfaction data to test two key hypotheses about Unilever's performancerelative to its main competitor, Procter & Gamble (P&G).Unilever’s leadership team has emphasized the importance of customer satisfaction inmaintaining competitive advantage and market leadership. As part of this initiative, yourteam regularly monitors satisfaction scores and benchmarks them against competitors likeP&G.You are tasked with analyzing the provided dataset to answer the following questions:1. Does Unilever’s average customer satisfaction score meet the minimum threshold of2. 75%?Is there no significant difference between Unilever’s overall average satisfaction scoreand P&G’s average satisfaction score?arrow_forward
- Need help answering wuestionarrow_forwardThe following table shows a data set containing information for 25 of the shadow stocks tracked by the American Association of Individual Investors (aaii.com, February 2002). Shadow stocks are common stocks of smaller companies that are not closely followed by Wall Street analysts. Click on the datafile logo to reference the data. DATA file Company DeWolfe Companies Exchange Ticker Symbol Market Cap ($ millions) Price/ Gross Profit Earnings Ratio Margin (%) AMEX DWL 36.4 8.4 36.7 North Coast Energy OTC NCEB 52.5 6.2 59.3 Hansen Natural Corp. OTC HANS 41.1 14.6 44.8 MarineMax, Inc. NYSE HZO 111.5 7.2 23.8 Nanometrics Incorporated OTC NANO 228.6 38.0 53.3 TeamStaff, Inc. OTC TSTF 92.1 33.5 4.1 Environmental Tectonics AMEX ETC 51.1 35.8 35.9 Measurement Specialties AMEX MSS 101.8 26.8 37.6 SEMCO Energy, Inc. NYSE SEN 193.4 18.7 23.6 Party City Corporation OTC PCTY 97.2 15.9 36.4 Embrex, Inc. OTC EMBX 136.5 18.9 59.5 Tech/Ops Sevcon, Inc. AMEX ΤΟ 23.2 20.7 35.7 ARCADIS NV OTC ARCAF 173.4…arrow_forwardThe following table shows a data set containing information for 25 of the shadow stocks tracked by the American Association of Individual Investors (aaii.com, February 2002). Shadow stocks are common stocks of smaller companies that are not closely followed by Wall Street analysts. Click on the datafile logo to reference the data. DATA file Company DeWolfe Companies Exchange AMEX Ticker Symbol Market Cap Price/ Gross Profit Earnings Margin ($ millions) Ratio (%) DWL 36.4 8.4 36.7 North Coast Energy OTC NCEB 52.5 6.2 59.3 Hansen Natural Corp. OTC HANS 41.1 14.6 44.8 MarineMax, Inc. NYSE HZO 111.5 7.2 23.8 Nanometrics Incorporated OTC NANO 228.6 38.0 53.3 TeamStaff, Inc. OTC TSTF 92.1 33.5 4.1 Environmental Tectonics AMEX ETC 51.1 35.8 35.9 Measurement Specialties AMEX MSS 101.8 26.8 37.6 SEMCO Energy, Inc. NYSE SEN 193.4 18.7 23.6 Party City Corporation OTC PCTY 97.2 15.9 36.4 Embrex, Inc. OTC EMBX 136.5 18.9 59.5 Tech/Ops Sevcon, Inc. AMEX ΤΟ 23.2 20.7 35.7 ARCADIS NV OTC ARCAF 173.4…arrow_forward
- The following data show the year to date percent change (YTD % Change) for 30 stock-market indexes from around the word (The Wall Street Journal, August 26, 2013). a. What index has the largest positive YTD % Change? Round your answer to once decimal place. index with a YTD % Change of % b. Using a class width of 5 beginning with -20 and going to 40, develop a frequency distribution for the data. YTD % Change Frequency -20 - -15 -15 - -10 -10 - -5 -5 - 0 0 - 5 5 - 10 10 - 15 15 - 20 20 - 25 30 - 35 c. 1. 2. 3. 4.arrow_forwardThe following data show the year to date percent change (YTD % Change) for 30 stock-market indexes from around the word (The Wall Street Journal, August 26, 2013). Click on the datafile logo to reference the data. DATA file Country Australia Index S&P/ASX200 YTD % Change 10.2 Belgium Bel-20 12.6 Brazil São Paulo Bovespa -14.4 Canada S&P/TSX Comp 2.6 Chile Santiago IPSA -16.3 China Shanghai Composite -9.3 Eurozone EURO Stoxx 10.0 France CAC 40 11.8 Germany DAX 10.6 Hong Kong Hang Seng -3.5 India S&P BSE Sensex -4.7 Israel Tel Aviv 1.3 Italy FTSE MIB 6.6 Japan Nikkei 31.4 Mexico IPC All-Share -6.4 Netherlands AEX 9.3 Singapore Straits Times -2.5 South Korea Kospi -6.4 Spain IBEX 35 6.4 Sweden Switzerland SX All Share 13.8 Swiss Market 17.4 Taiwan Weighted 2.3 U.K. FTSE 100 10.1 U.S. S&P 500 16.6 U.S. DJIA 14.5 U.S. Dow Jones Utility 6.6 U.S. Nasdaq 100 17.4 U.S. Nasdaq Composite 21.1 World DJ Global ex U.S. 4.2 World DJ Global Index 9.9 a. What index has the largest positive YTD %…arrow_forwardDescribe a three step process you choose to determine how many elementary schools there are in the city of 5 million people.arrow_forward
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman