Loose Leaf for Statistical Techniques in Business and Economics
Loose Leaf for Statistical Techniques in Business and Economics
17th Edition
ISBN: 9781260152647
Author: Douglas A. Lind
Publisher: McGraw-Hill Education
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Chapter 2, Problem 3SR

a.

To determine

Check whether 7 classes would be used to create a frequency distribution using the 2k rule.

a.

Expert Solution
Check Mark

Answer to Problem 3SR

The number of classes for the frequency distribution that consists of 73 observations is 7.

Explanation of Solution

Selection of number of classes:

The “2 to the k rule” suggests that the number of classes is the smallest value of k, where 2k is greater than the number of observations.

It is given that the data set consists of 73 observations. The value of k can be obtained as follows:

26=64<7327=128>73

Here, k=7 is the smallest value for which 2k is greater than the number of observations.

Therefore, the number of classes for the frequency distribution that consists of 73 observations is 7.

b.

To determine

Check whether the class interval of 30 would summarize the data in 7 classes.

b.

Expert Solution
Check Mark

Answer to Problem 3SR

The reasonable class interval is 30.

Explanation of Solution

From the given data set, the maximum and minimum values are 488 and 320, respectively.

The formula for the class interval is given as follows:

i(Maximum valueMinimum value)k

Where, i is the class interval and k is the number of classes.

Therefore, the class interval for the given data can be obtained as follows:

i(Maximum valueMinimum value)k4883207168724

In practice, the class interval size is usually rounded up to some convenient number such as a multiple of 10 or 100. Therefore, the reasonable class interval is 30.

c.

To determine

Construct a frequency and relative frequency table for the given data.

c.

Expert Solution
Check Mark

Answer to Problem 3SR

The frequency and relative frequency table for the given data are as follows:

ClassFrequencyRelative Frequency
300-33022730.0274
330-36022730.0274
360-3901717730.2329
390-4202727730.3697
420-4502222730.3014
450-48011730.0137
480-51022730.0274
Total731

Explanation of Solution

Frequency table:

The frequency table is a collection of mutually exclusive and exhaustive classes that show the number of observations in each class.

It is given that the lower limit of the first class is 300. From Part (b), the class interval is 30. The frequency table of the 73 home runs can be constructed as follows:

ClassFrequencyRelative Frequency
300-33022730.0274
330-36022730.0274
360-3901717730.2329
390-4202727730.3697
420-4502222730.3014
450-48011730.0137
480-51022730.0274
Total731

d.

To determine

Find the number of home runs traveled at a distance of 360 up to 390 feet.

d.

Expert Solution
Check Mark

Answer to Problem 3SR

The number of home runs traveled at a distance of 360 up to 390 feet is 17.

Explanation of Solution

From the frequency table in Part (c), the frequency value of the class 360-390 is 17. Therefore, the number of home runs traveled at a distance of 360 up to 390 feet is 17.

e.

To determine

Calculate the percentage of the number of home runs traveled at a distance of 360 up to 390 feet.

e.

Expert Solution
Check Mark

Answer to Problem 3SR

The percentage of the number of home runs traveled at a distance of 360 up to 390 feet is 23.288%.

Explanation of Solution

From the frequency table in Part (c), the frequency value of the class 360-390 is 17. The total number of observations is 73. The value of 17 home runs traveled can be converted into percentage as follows:

Percentage of home runs traveled=1773×100=23.288%

Therefore, percentage of the number of home runs traveled at a distance of 360 up to 390 feet is 23.288%.

f.

To determine

Calculate the percentage of the number of home runs traveled at a distance of 390 feet or more.

f.

Expert Solution
Check Mark

Answer to Problem 3SR

The percentage of the number of home runs traveled at a distance of 390 feet or more is 71.233%.

Explanation of Solution

From the frequency table in Part (c), the sum of all the frequencies of the classes 390-420 and above is given below:

(Sum of frequencies of(390-420) and above)=27+22+1+2=52

The total number of observations is 73. The value of 52 home runs traveled can be converted into percentage as follows:

Percentage of home runs traveled=5273×100=71.233%

Therefore, percentage of the number of home runs traveled at a distance of 390 feet or more is 71.233%.

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Chapter 2 Solutions

Loose Leaf for Statistical Techniques in Business and Economics

Ch. 2 - A set of data consists of 45 observations between...Ch. 2 - A set of data consists of 230 observations between...Ch. 2 - A set of data contains 53 observations. The...Ch. 2 - Wachesaw Manufacturing Inc. produced the following...Ch. 2 - The Quick Change Oil Company has a number of...Ch. 2 - The manager of the BiLo Supermarket in Mt....Ch. 2 - The food services division of Cedar River...Ch. 2 - The annual imports of a selected group of...Ch. 2 - Mollys Candle Shop has several retail stores in...Ch. 2 - The following chart shows the number of patients...Ch. 2 - The following frequency distribution reports the...Ch. 2 - Prob. 18ECh. 2 - A sample of the hourly wages of 15 employees at...Ch. 2 - The following cumulative frequency and the...Ch. 2 - The cumulative frequency and the cumulative...Ch. 2 - The frequency distribution representing the number...Ch. 2 - Prob. 22ECh. 2 - Describe the similarities and differences of...Ch. 2 - Describe the similarities and differences between...Ch. 2 - Alexandra Damonte will be building a new resort in...Ch. 2 - Prob. 26CECh. 2 - A data set consists of 83 observations. How many...Ch. 2 - A data set consists of 145 observations that range...Ch. 2 - The following is the number of minutes to commute...Ch. 2 - The following data give the weekly amounts spent...Ch. 2 - A social scientist is studying the use of iPods by...Ch. 2 - David Wise handles his own investment portfolio,...Ch. 2 - You are exploring the music in your iTunes...Ch. 2 - The monthly issues of the Journal of Finance are...Ch. 2 - The following histogram shows the scores on the...Ch. 2 - The following chart summarizes the selling price...Ch. 2 - A chain of sport shops catering to beginning...Ch. 2 - The numbers of outstanding shares for 24 publicly...Ch. 2 - A recent survey showed that the typical American...Ch. 2 - Midland National Bank selected a sample of 40...Ch. 2 - Residents of the state of South Carolina earned a...Ch. 2 - A recent study of home technologies reported the...Ch. 2 - Merrill Lynch recently completed a study regarding...Ch. 2 - A total of 5.9% of the prime-time viewing audience...Ch. 2 - Refer to the following chart: a. What is the name...Ch. 2 - The following chart depicts the annual revenues,...Ch. 2 - Prob. 47CECh. 2 - Prob. 48CECh. 2 - One of the most popular candies in the United...Ch. 2 - The number of families who used the Minneapolis...Ch. 2 - Refer to the North Valley Real Estate data that...Ch. 2 - Prob. 52DACh. 2 - Refer to the Lincolnville School District bus...
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