
Concept explainers
In the chapter introduction, we presented gas mileage data for 2016 model year hybrid and small non-hybrid cars. We will use histograms and back-to-back stem-and-leaf plots to compare the mileages between these two groups of cars. The following tables present the mileages, in miles per gallon.
Construct a back-to-back stem-and-leaf plot for these data, using two lines for each stem. Which do you think illustrates the comparison better, the histograms or the back-to-back stem-and-leaf plot? Why?
Compare the histogram for the hybrid cars with the histogram for the non-hybrid cars. For which cars do the mileages vary more?

To construct and compare:Thehistogramsfor the hybrid andnon-hybrid cars and the back-to-back stem-and-leaf plot for the given data.
Answer to Problem 9CS
Thebetter illustration of comparison is back-to-back stem-and-leaf.
Explanation of Solution
Given information:The gas mileage data for 2016 model year hybrid and small non-hybrid cars is given. The following tables present the mileages, in miles per gallon.
Mileage Ratings for 2016 Hybrid cars | |||||||
42 | 31 | 50 | 25 | 31 | 32 | 20 | 30 |
26 | 20 | 31 | 28 | 42 | 21 | 50 | 34 |
29 | 30 | 41 | 29 | 40 | 20 | 42 | 26 |
46 | 29 | 28 | 42 | 40 | 33 | 42 | 28 |
28 | 30 | 37 | 26 | 37 | 44 | 40 | 42 |
50 | 26 | 45 | 41 | 52 | 40 | 38 | 37 |
30 | 21 | 40 | 56 | 34 | 47 | 40 | 26 |
Mileage Ratings for 2016 Small Non-hybrid cars | |||||||
37 | 35 | 50 | 36 | 36 | 35 | 34 | 35 |
34 | 34 | 45 | 34 | 36 | 36 | 35 | 35 |
36 | 35 | 35 | 37 | 34 | 35 | 35 | 34 |
40 | 36 | 35 | 36 | 36 | 35 | 37 | 35 |
35 | 36 | 36 | 35 | 34 | 35 | 34 | 37 |
35 | 35 | 36 | 34 | 34 | 35 | 34 | 36 |
50 | 39 | 45 | 44 | 36 | 37 | 35 | 36 |
Definition used:Stem plot is a tool to visualize the shape of a distribution.
Calculation:
The back-to-back stem-and-leaf plot for the given data is given by
The table of relative frequency for hybrid cars is given by
Class | Frequency | Relative frequency |
20-29 | 18 | 0.3214 |
30-39 | 15 | 0.2679 |
40-49 | 18 | 0.3214 |
50-59 | 5 | 0.0893 |
The relative frequency histogram for hybrid cars is given by
The table of relative frequency for non-hybrid cars is given by
Class | Frequency | Relative frequency |
31-35 | 30 | |
36-40 | 21 | |
41-45 | 3 | |
46-50 | 2 |
The relative frequency histogram for non-hybrid cars is given by
From the above two histograms and back-to-back stem-and-leaf plot, the better illustration of comparison is back-to-back stem-and-leaf because it will give a quick visualized comparison of the data by looking the shape of the distribution.
Want to see more full solutions like this?
Chapter 2 Solutions
Elementary Statistics 2nd Edition
- 21. ANALYSIS OF LAST DIGITS Heights of statistics students were obtained by the author as part of an experiment conducted for class. The last digits of those heights are listed below. Construct a frequency distribution with 10 classes. Based on the distribution, do the heights appear to be reported or actually measured? Does there appear to be a gap in the frequencies and, if so, how might that gap be explained? What do you know about the accuracy of the results? 3 4 555 0 0 0 0 0 0 0 0 0 1 1 23 3 5 5 5 5 5 5 5 5 5 5 5 5 6 6 8 8 8 9arrow_forwardA side view of a recycling bin lid is diagramed below where two panels come together at a right angle. 45 in 24 in Width? — Given this information, how wide is the recycling bin in inches?arrow_forward1 No. 2 3 4 Binomial Prob. X n P Answer 5 6 4 7 8 9 10 12345678 8 3 4 2 2552 10 0.7 0.233 0.3 0.132 7 0.6 0.290 20 0.02 0.053 150 1000 0.15 0.035 8 7 10 0.7 0.383 11 9 3 5 0.3 0.132 12 10 4 7 0.6 0.290 13 Poisson Probability 14 X lambda Answer 18 4 19 20 21 22 23 9 15 16 17 3 1234567829 3 2 0.180 2 1.5 0.251 12 10 0.095 5 3 0.101 7 4 0.060 3 2 0.180 2 1.5 0.251 24 10 12 10 0.095arrow_forward
- step by step on Microssoft on how to put this in excel and the answers please Find binomial probability if: x = 8, n = 10, p = 0.7 x= 3, n=5, p = 0.3 x = 4, n=7, p = 0.6 Quality Control: A factory produces light bulbs with a 2% defect rate. If a random sample of 20 bulbs is tested, what is the probability that exactly 2 bulbs are defective? (hint: p=2% or 0.02; x =2, n=20; use the same logic for the following problems) Marketing Campaign: A marketing company sends out 1,000 promotional emails. The probability of any email being opened is 0.15. What is the probability that exactly 150 emails will be opened? (hint: total emails or n=1000, x =150) Customer Satisfaction: A survey shows that 70% of customers are satisfied with a new product. Out of 10 randomly selected customers, what is the probability that at least 8 are satisfied? (hint: One of the keyword in this question is “at least 8”, it is not “exactly 8”, the correct formula for this should be = 1- (binom.dist(7, 10, 0.7,…arrow_forwardKate, Luke, Mary and Nancy are sharing a cake. The cake had previously been divided into four slices (s1, s2, s3 and s4). What is an example of fair division of the cake S1 S2 S3 S4 Kate $4.00 $6.00 $6.00 $4.00 Luke $5.30 $5.00 $5.25 $5.45 Mary $4.25 $4.50 $3.50 $3.75 Nancy $6.00 $4.00 $4.00 $6.00arrow_forwardFaye cuts the sandwich in two fair shares to her. What is the first half s1arrow_forward
- Question 2. An American option on a stock has payoff given by F = f(St) when it is exercised at time t. We know that the function f is convex. A person claims that because of convexity, it is optimal to exercise at expiration T. Do you agree with them?arrow_forwardQuestion 4. We consider a CRR model with So == 5 and up and down factors u = 1.03 and d = 0.96. We consider the interest rate r = 4% (over one period). Is this a suitable CRR model? (Explain your answer.)arrow_forwardQuestion 3. We want to price a put option with strike price K and expiration T. Two financial advisors estimate the parameters with two different statistical methods: they obtain the same return rate μ, the same volatility σ, but the first advisor has interest r₁ and the second advisor has interest rate r2 (r1>r2). They both use a CRR model with the same number of periods to price the option. Which advisor will get the larger price? (Explain your answer.)arrow_forward
- Question 5. We consider a put option with strike price K and expiration T. This option is priced using a 1-period CRR model. We consider r > 0, and σ > 0 very large. What is the approximate price of the option? In other words, what is the limit of the price of the option as σ∞. (Briefly justify your answer.)arrow_forwardQuestion 6. You collect daily data for the stock of a company Z over the past 4 months (i.e. 80 days) and calculate the log-returns (yk)/(-1. You want to build a CRR model for the evolution of the stock. The expected value and standard deviation of the log-returns are y = 0.06 and Sy 0.1. The money market interest rate is r = 0.04. Determine the risk-neutral probability of the model.arrow_forwardSeveral markets (Japan, Switzerland) introduced negative interest rates on their money market. In this problem, we will consider an annual interest rate r < 0. We consider a stock modeled by an N-period CRR model where each period is 1 year (At = 1) and the up and down factors are u and d. (a) We consider an American put option with strike price K and expiration T. Prove that if <0, the optimal strategy is to wait until expiration T to exercise.arrow_forward
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
- Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage LearningCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning




