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Statistics for Business and Economics
8th Edition
ISBN: 9780132745659
Author: Paul Newbold, William Carlson, Betty Thorne
Publisher: PEARSON
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Question
Chapter 2, Problem 44E
a)
To determine
Identify the sample mean number of minutes late.
a)
Expert Solution
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Explanation of Solution
From the given information, the mean number of claims per policy can be calculated as follows:
A table can be constructed using the value of mean as follows:
Table 1.
mi | fi | ||||
5 | 30 | 150 | -13.133 | 172.46 | 5173.90 |
15 | 25 | 375 | -3.133 | 9.81 | 245.32 |
25 | 13 | 325 | 6.867 | 47.16 | 613.11 |
35 | 6 | 210 | 16.867 | 284.51 | 1707.07 |
45 | 5 | 225 | 26.867 | 721.86 | 3609.30 |
55 | 4 | 220 | 36.867 | 1359.21 | 5436.84 |
Total | 83 | 1505 | 16785.54 |
b)
To determine
Identify the sample variance and standard deviations.
b)
Expert Solution
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Explanation of Solution
The sample variance and standard deviation can be calculated using the tabulated values as follows:
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Chapter 2 Solutions
Statistics for Business and Economics
Ch. 2.1 - Prob. 1ECh. 2.1 - Prob. 2ECh. 2.1 - Prob. 3ECh. 2.1 - Prob. 4ECh. 2.1 - Prob. 5ECh. 2.1 - Prob. 6ECh. 2.1 - Prob. 7ECh. 2.1 - Prob. 8ECh. 2.1 - A random sample of 156 grade point averages for...Ch. 2.1 - Prob. 10E
Ch. 2.2 - Prob. 12ECh. 2.2 - Prob. 13ECh. 2.2 - Prob. 14ECh. 2.2 - Prob. 15ECh. 2.2 - Prob. 16ECh. 2.2 - Prob. 17ECh. 2.2 - Prob. 18ECh. 2.2 - Prob. 19ECh. 2.2 - Prob. 20ECh. 2.2 - Prob. 21ECh. 2.2 - Prob. 22ECh. 2.2 - Prob. 23ECh. 2.2 - Prob. 24ECh. 2.3 - Prob. 26ECh. 2.3 - Prob. 27ECh. 2.3 - Prob. 28ECh. 2.3 - Prob. 29ECh. 2.3 - Prob. 30ECh. 2.3 - Prob. 31ECh. 2.3 - Prob. 32ECh. 2.3 - Prob. 33ECh. 2.3 - Prob. 34ECh. 2.4 - Prob. 35ECh. 2.4 - Prob. 36ECh. 2.4 - Prob. 37ECh. 2.4 - Prob. 38ECh. 2.4 - Acme Delivery offers three different shipping...Ch. 2.4 - Prob. 40ECh. 2.4 - Prob. 42ECh. 2.4 - Prob. 43ECh. 2 - Prob. 44ECh. 2 - Prob. 46ECh. 2 - Prob. 47ECh. 2 - Prob. 49ECh. 2 - Prob. 50ECh. 2 - Prob. 51ECh. 2 - Prob. 52ECh. 2 - Prob. 55ECh. 2 - Prob. 56E
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