Introductory Statistics (2nd Edition)
2nd Edition
ISBN: 9780321978271
Author: Robert Gould, Colleen N. Ryan
Publisher: PEARSON
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Textbook Question
Chapter 2, Problem 15SE
Commute Times (Example 5) Use the histograms to compare the times spent commuting for community college students who drive to school in a car with the times spent by those who take the bus. Which group typically has the longer commute time? Which group has the more variable commute time?
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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?
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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)
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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 2 Solutions
Introductory Statistics (2nd Edition)
Ch. 2 - Body Mass Index The Dotplot shows body mass index...Ch. 2 - Cholesterol Levels The dotplot shows the...Ch. 2 - Ages of CEOs The histogram shows frequencies for...Ch. 2 - Sleep Hours The relative frequency histogram shows...Ch. 2 - Televisions (Example 1) The histogram shows the...Ch. 2 - Exercise Hours The histogram shows the...Ch. 2 - Shoes The graph is a dotplot of the number of...Ch. 2 - Condo Rental The dotplot shows rental prices per...Ch. 2 - Speeding Tickets (Example 2) A teacher asks 90...Ch. 2 - Breakfast Predict the shape of the distribution of...
Ch. 2 - Arm spans (Example 3) According to the ancient...Ch. 2 - Tuition The distribution of in-state annual...Ch. 2 - Ages of CEOs (Example 4) From the histogram in...Ch. 2 - Sleep Hours From the histogram shown in Exercise...Ch. 2 - Commute Times (Example 5) Use the histograms to...Ch. 2 - Spending on Clothes The histograms show the...Ch. 2 - Education (Example 6) In 2012, the General Social...Ch. 2 - Siblings The histogram shows the distribution of...Ch. 2 - Years of Education The GSS asked people how many...Ch. 2 - Hours Worked In the 2012 General Social Survey,...Ch. 2 - Matching Histograms match each of the following...Ch. 2 - Matching Histograms Match each of the following...Ch. 2 - Matching Match each description with the correct...Ch. 2 - Matching Match each description with the correct...Ch. 2 - Eating Out and jobs College students Jacqueline...Ch. 2 - Comparing Weights of Baseball and Soccer Players...Ch. 2 - Textbook Prices The table shows prices of 50...Ch. 2 - SAT scores The following table shows a random...Ch. 2 - Animal Longevity The following table in Exercise...Ch. 2 - Animal Gestation Periods The accompanying table...Ch. 2 - Tax Rate A StatCrunch survey asked people what...Ch. 2 - Pets A StatCrunch survey asked people whether they...Ch. 2 - Law School Tuition Data are shown for the cost of...Ch. 2 - Text Messages Recently, 115 users of StatCrunch...Ch. 2 - Beer, Calories Data are available on the number of...Ch. 2 - Beer, Alcohol Data are available on the percent...Ch. 2 - Changing Multiple-Choice Answers When Told Not to...Ch. 2 - Preventable Deaths According to the World Health...Ch. 2 - U.S. Distribution of wealth (Example 8) Michael...Ch. 2 - Education The graph shows the education of...Ch. 2 - Political Party Affiliation: Men The 2012 General...Ch. 2 - Political Party Affiliation Women The 2012 General...Ch. 2 - Prob. 43SECh. 2 - Retail Car Sales With gas prices rising, as they...Ch. 2 - Majors The table gives information on college...Ch. 2 - Adoptions The table gives information on the top...Ch. 2 - Garage The accompanying graph shows the...Ch. 2 - Body Image A student has gathered data on...Ch. 2 - Pie Chart of Sleep Hours The pie chart reports the...Ch. 2 - Age and Gender The following graph shows the ages...Ch. 2 - Musicians Survey: StatCrunch Graph The...Ch. 2 - Cell Phone Use Refer to the accompanying bar...Ch. 2 - Television The table shows the first few entries...Ch. 2 - Job The table shows the job categories for some...Ch. 2 - Hormone Replacement Therapy The use of the drug...Ch. 2 - E-Music The bar graph shows information reported...Ch. 2 - Hormone Replacement Therapy Again The following...Ch. 2 - Holding Your Breath A group of students held their...Ch. 2 - Global Temperatures The histograms show the...Ch. 2 - Employment after Law School Accredited law schools...Ch. 2 - Position for Breathing The graph shows the results...Ch. 2 - Opinions on Global Warming People were asked...Ch. 2 - Create a dotplot that has at least 10 observations...Ch. 2 - Create a dotplot that has at least 10 observations...Ch. 2 - Traffic Cameras College students Jeannette Mujica,...Ch. 2 - Ideal Weight Thirty-nine students (26 women and 13...Ch. 2 - MPH The graphs show the distribution of...Ch. 2 - Shoe Sizes The graph shows shoe sizes for men and...Ch. 2 - CEO Salaries Predict the shape of the distribution...Ch. 2 - Cigarettes A physician asks all of his patients to...Ch. 2 - Changing Multiple-Choice Answers When Told to Do...Ch. 2 - ER Visits for Injuries The graph shows the rates...
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