Mind on Statistics
Mind on Statistics
5th Edition
ISBN: 9781285463186
Author: Jessica M. Utts, Robert F. Heckard
Publisher: Brooks Cole
bartleby

Concept explainers

bartleby

Videos

Question
Book Icon
Chapter 2, Problem 2.22E
To determine

To Give:

An example of an ordinal variable for which a numerical summary like the average would not make sense.

Blurred answer
Students have asked these similar questions
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 2 Solutions

Mind on Statistics

Ch. 2 - Prob. 2.11ECh. 2 - For each of the following characteristics of an...Ch. 2 - Prob. 2.13ECh. 2 - Prob. 2.14ECh. 2 - Prob. 2.15ECh. 2 - Prob. 2.16ECh. 2 - Prob. 2.17ECh. 2 - For each pair of variables, specify which variable...Ch. 2 - Prob. 2.19ECh. 2 - Prob. 2.20ECh. 2 - Prob. 2.21ECh. 2 - Prob. 2.22ECh. 2 - Prob. 2.23ECh. 2 - Prob. 2.24ECh. 2 - Prob. 2.25ECh. 2 - Prob. 2.26ECh. 2 - Table 2.1 (P. 20) summarized frequency of seatbelt...Ch. 2 - Prob. 2.28ECh. 2 - Prob. 2.29ECh. 2 - Refer to Exercise 2.27. Students also were asked...Ch. 2 - Prob. 2.31ECh. 2 - Prob. 2.32ECh. 2 - Prob. 2.33ECh. 2 - Prob. 2.34ECh. 2 - Prob. 2.35ECh. 2 - Prob. 2.36ECh. 2 - This is the same as Exercise ¡.1. The five-number...Ch. 2 - Prob. 2.38ECh. 2 - Prob. 2.39ECh. 2 - Prob. 2.40ECh. 2 - Prob. 2.41ECh. 2 - Prob. 2.42ECh. 2 - Prob. 2.43ECh. 2 - Hand et al. (1994, p. 148) provide data on the...Ch. 2 - The following stem-and-leaf plot is for the mean...Ch. 2 - Prob. 2.46ECh. 2 - Prob. 2.47ECh. 2 - Prob. 2.48ECh. 2 - Prob. 2.49ECh. 2 - Prob. 2.50ECh. 2 - Prob. 2.51ECh. 2 - Prob. 2.52ECh. 2 - Prob. 2.53ECh. 2 - Prob. 2.54ECh. 2 - Prob. 2.55ECh. 2 - Prob. 2.56ECh. 2 - Prob. 2.57ECh. 2 - Prob. 2.58ECh. 2 - Prob. 2.59ECh. 2 - Prob. 2.60ECh. 2 - Prob. 2.61ECh. 2 - Students in a statistics class wrote as many...Ch. 2 - Prob. 2.63ECh. 2 - The following cholesterol levels for n = 20...Ch. 2 - The weights (in pounds) for nine men on the...Ch. 2 - A set of eight systolic blood pressures follows:...Ch. 2 - Prob. 2.67ECh. 2 - Prob. 2.68ECh. 2 - Prob. 2.69ECh. 2 - Prob. 2.70ECh. 2 - Prob. 2.71ECh. 2 - Prob. 2.72ECh. 2 - Prob. 2.73ECh. 2 - The football team at the school of one of the...Ch. 2 - Prob. 2.75ECh. 2 - Prob. 2.76ECh. 2 - Prob. 2.77ECh. 2 - Prob. 2.78ECh. 2 - Prob. 2.79ECh. 2 - Prob. 2.80ECh. 2 - Prob. 2.81ECh. 2 - Prob. 2.82ECh. 2 - Prob. 2.83ECh. 2 - Prob. 2.84ECh. 2 - Prob. 2.85ECh. 2 - Prob. 2.86ECh. 2 - Prob. 2.87ECh. 2 - Suppose that the distribution of speeds at an...Ch. 2 - Prob. 2.89ECh. 2 - Prob. 2.90ECh. 2 - Prob. 2.91ECh. 2 - Prob. 2.92ECh. 2 - Prob. 2.93ECh. 2 - The data for Exercise 2.66 was this set of...Ch. 2 - Prob. 2.95ECh. 2 - If you learn that your score on an exam was 80 and...Ch. 2 - The scores on the final exam in a course with a...Ch. 2 - Prob. 2.98ECh. 2 - Prob. 2.99ECh. 2 - Prob. 2.100ECh. 2 - Head circumferences of adult males have a...Ch. 2 - Prob. 2.102ECh. 2 - Suppose verbal SAT scores for students admitted to...Ch. 2 - Prob. 2.104ECh. 2 - Prob. 2.105ECh. 2 - Prob. 2.106ECh. 2 - Prob. 2.107ECh. 2 - Remember that a resistant statistic is a numerical...Ch. 2 - Prob. 2.109ECh. 2 - Prob. 2.110ECh. 2 - Prob. 2.111ECh. 2 - Prob. 2.112ECh. 2 - Prob. 2.113ECh. 2 - Prob. 2.114ECh. 2 - Prob. 2.115ECh. 2 - Prob. 2.116ECh. 2 - Prob. 2.117ECh. 2 - Prob. 2.118ECh. 2 - Prob. 2.119ECh. 2 - Prob. 2.120ECh. 2 - Prob. 2.121ECh. 2 - Prob. 2.122ECh. 2 - The data for 103 women’s right handspans are shown...Ch. 2 - Prob. 2.124ECh. 2 - Prob. 2.125ECh. 2 - Prob. 2.126ECh. 2 - Prob. 2.127ECh. 2 - Prob. 2.128ECh. 2 - Prob. 2.129ECh. 2 - Prob. 2.130ECh. 2 - Prob. 2.131ECh. 2 - Prob. 2.132ECh. 2 - Prob. 2.133ECh. 2 - Prob. 2.134ECh. 2 - Prob. 2.135ECh. 2 - Explain why women’s heights are likely to have a...Ch. 2 - Prob. 2.137ECh. 2 - Use the pennstate 1 dataset on the companion...
Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning
Text book image
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Text book image
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Text book image
Elementary Geometry for College Students
Geometry
ISBN:9781285195698
Author:Daniel C. Alexander, Geralyn M. Koeberlein
Publisher:Cengage Learning
The Shape of Data: Distributions: Crash Course Statistics #7; Author: CrashCourse;https://www.youtube.com/watch?v=bPFNxD3Yg6U;License: Standard YouTube License, CC-BY
Shape, Center, and Spread - Module 20.2 (Part 1); Author: Mrmathblog;https://www.youtube.com/watch?v=COaid7O_Gag;License: Standard YouTube License, CC-BY
Shape, Center and Spread; Author: Emily Murdock;https://www.youtube.com/watch?v=_YyW0DSCzpM;License: Standard Youtube License