Essential Statistics
2nd Edition
ISBN: 9781259570643
Author: Navidi
Publisher: MCG
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Chapter 2.3, Problem 15E
To determine
Construct a dot plot for the given data.
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A recent survey of 400 americans asked whether or not parents do too much for their young adult children. The results of the survey are shown in the data file. a) Construct the frequency and relative frequency distributions. How many respondents felt that parents do too much for their adult children? What proportion of respondents felt that parents do too little for their adult children? b) Construct a pie chart. Summarize the findings
The average number of minutes Americans commute to work is 27.7 minutes (Sterling's Best Places, April 13, 2012). The average commute time in minutes for 48 cities are as follows:
Click on the datafile logo to reference the data.
DATA file
Albuquerque
23.3
Jacksonville
26.2
Phoenix
28.3
Atlanta
28.3
Kansas City
23.4
Pittsburgh
25.0
Austin
24.6
Las Vegas
28.4
Portland
26.4
Baltimore
32.1
Little Rock
20.1
Providence
23.6
Boston
31.7
Los Angeles
32.2
Richmond
23.4
Charlotte
25.8
Louisville
21.4
Sacramento
25.8
Chicago
38.1
Memphis
23.8
Salt Lake City
20.2
Cincinnati
24.9
Miami
30.7
San Antonio
26.1
Cleveland
26.8
Milwaukee
24.8
San Diego
24.8
Columbus
23.4
Minneapolis
23.6
San Francisco
32.6
Dallas
28.5
Nashville
25.3
San Jose
28.5
Denver
28.1
New Orleans
31.7
Seattle
27.3
Detroit
29.3
New York
43.8
St. Louis
26.8
El Paso
24.4
Oklahoma City
22.0
Tucson
24.0
Fresno
23.0
Orlando
27.1
Tulsa
20.1
Indianapolis
24.8
Philadelphia
34.2
Washington, D.C.
32.8
a. What is the mean commute time for…
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…
Chapter 2 Solutions
Essential Statistics
Ch. 2.1 - 1. The following table lists the types of aircraft...Ch. 2.1 - Prob. 2CYUCh. 2.1 - Prob. 3CYUCh. 2.1 - Prob. 4CYUCh. 2.1 - Prob. 5ECh. 2.1 - In Exercises 5–8, fill in each blank with the...Ch. 2.1 - Prob. 7ECh. 2.1 -
In Exercises 5–8, fill in each blank with the...Ch. 2.1 - Prob. 9ECh. 2.1 - In Exercises 9–12, determine whether the statement...
Ch. 2.1 - Prob. 11ECh. 2.1 -
In Exercises 9–12, determine whether the...Ch. 2.1 - Prob. 13ECh. 2.1 - 14. The most common blood typing system divides...Ch. 2.1 - 15. Following is a pie chart that presents the...Ch. 2.1 - 16. Student expenses: The following pie chart...Ch. 2.1 - 17. Food sources: The following side-by-side bar...Ch. 2.1 -
18. Super Bowl: The following side-by-side bar...Ch. 2.1 - Prob. 19ECh. 2.1 - 20. Popular video games: The following frequency...Ch. 2.1 - Prob. 21ECh. 2.1 - Prob. 22ECh. 2.1 - Prob. 23ECh. 2.1 - Prob. 24ECh. 2.1 - Prob. 25ECh. 2.1 - 26. How secure is your job? In a survey, employed...Ch. 2.1 - Prob. 27ECh. 2.1 - Prob. 28ECh. 2.1 - Prob. 29ECh. 2.1 - 30. Bought a new car lately? The following table...Ch. 2.1 - Prob. 31ECh. 2.1 - Prob. 32ECh. 2.1 - Prob. 33ECh. 2.1 - Prob. 34ECh. 2.1 - Prob. 35ECh. 2.2 - Using the data in Table 2.7, construct a frequency...Ch. 2.2 - Prob. 2CYUCh. 2.2 - Prob. 3CYUCh. 2.2 - Prob. 4CYUCh. 2.2 - Prob. 5ECh. 2.2 -
In Exercises 5-8, fill in each blank with the...Ch. 2.2 - Prob. 7ECh. 2.2 - Prob. 8ECh. 2.2 - Prob. 9ECh. 2.2 - Prob. 10ECh. 2.2 - Prob. 11ECh. 2.2 - In Exercises 9-12, determine whether the statement...Ch. 2.2 - Prob. 13ECh. 2.2 - In Exercises 13–16, classify the histogram as...Ch. 2.2 - Prob. 15ECh. 2.2 - In Exercises 13–16, classify the histogram as...Ch. 2.2 - In Exercises 17 and 18, classify the histogram as...Ch. 2.2 - In Exercises 17 and 18, classify the histogram as...Ch. 2.2 - Prob. 19ECh. 2.2 - 20. Trained rats: Forty rats were trained to run a...Ch. 2.2 - 21. Interpret histogram: The following histogram...Ch. 2.2 - Prob. 22ECh. 2.2 - Prob. 23ECh. 2.2 - Skewed which way? For which of the following data...Ch. 2.2 - Prob. 25ECh. 2.2 - 26. Batting average: The following frequency...Ch. 2.2 - Prob. 27ECh. 2.2 - 28. Murder, she wrote: The following frequency...Ch. 2.2 - BMW prices: The following table presents the...Ch. 2.2 - Geysers: The geyser Old Faithful in Yellowstone...Ch. 2.2 - Prob. 31ECh. 2.2 - Internet radio: The following table presents the...Ch. 2.2 - Prob. 33ECh. 2.2 - Prob. 34ECh. 2.2 - Prob. 35ECh. 2.2 - Prob. 36ECh. 2.2 - 37. Silver ore: The following histogram presents...Ch. 2.2 - Classes of differing widths: Consider the...Ch. 2.3 - Weights of college students: The following table...Ch. 2.3 - Prob. 2CYUCh. 2.3 - Prob. 3ECh. 2.3 - Prob. 4ECh. 2.3 - In Exercises 3–6, fill in each blank with the...Ch. 2.3 - Prob. 6ECh. 2.3 - Prob. 7ECh. 2.3 - Prob. 8ECh. 2.3 - Prob. 9ECh. 2.3 - Prob. 10ECh. 2.3 - Prob. 11ECh. 2.3 - Prob. 12ECh. 2.3 - Prob. 13ECh. 2.3 - 14. List the data in the following stem-and-leaf...Ch. 2.3 - Prob. 15ECh. 2.3 - Prob. 16ECh. 2.3 - BMW prices: The following table presents the...Ch. 2.3 - How’s the weather? The following table presents...Ch. 2.3 - Prob. 19ECh. 2.3 - Prob. 20ECh. 2.3 - Tennis and golf: Following are the ages of the...Ch. 2.3 - Prob. 22ECh. 2.3 - Prob. 23ECh. 2.3 - 24. Safety first: Following are the numbers of...Ch. 2.3 - Prob. 25ECh. 2.3 - Prob. 26ECh. 2.3 - Prob. 27ECh. 2.3 - Prob. 28ECh. 2.3 - Prob. 29ECh. 2.3 - 30. Going for gold: The following time-series plot...Ch. 2.3 - Prob. 31ECh. 2.3 - Prob. 32ECh. 2.3 - Prob. 33ECh. 2.3 - 34. Arctic ice sheet: The following table presents...Ch. 2.3 - Prob. 35ECh. 2.4 - The population of country A is twice as large as...Ch. 2.4 - Prob. 2CYUCh. 2.4 - Prob. 3ECh. 2.4 - Prob. 4ECh. 2.4 - Prob. 5ECh. 2.4 - Prob. 6ECh. 2.4 - Prob. 7ECh. 2.4 - Prob. 8ECh. 2.4 - Prob. 9ECh. 2.4 - Prob. 10ECh. 2.4 - Prob. 11ECh. 2.4 - Prob. 12ECh. 2.4 - College degrees: Both of the following time-series...Ch. 2.4 - Food expenditures: Both of the following...Ch. 2.4 - Prob. 15ECh. 2 - Prob. 1CQCh. 2 - Prob. 2CQCh. 2 - Prob. 3CQCh. 2 - Prob. 4CQCh. 2 - Prob. 5CQCh. 2 - 6. True or false: A histogram can have more than...Ch. 2 - Prob. 7CQCh. 2 - Prob. 8CQCh. 2 - Prob. 9CQCh. 2 - Prob. 10CQCh. 2 - Prob. 11CQCh. 2 - Prob. 12CQCh. 2 - Prob. 13CQCh. 2 - Prob. 14CQCh. 2 - Prob. 15CQCh. 2 - Prob. 1RECh. 2 - Prob. 2RECh. 2 - Prob. 3RECh. 2 - Prob. 4RECh. 2 - Prob. 5RECh. 2 - Prob. 6RECh. 2 - Prob. 7RECh. 2 - Prob. 8RECh. 2 - Prob. 9RECh. 2 - Prob. 10RECh. 2 - Prob. 11RECh. 2 - Prob. 12RECh. 2 - Prob. 13RECh. 2 - Prob. 14RECh. 2 - Prob. 15RECh. 2 - Prob. 1WAICh. 2 - Prob. 2WAICh. 2 - Prob. 3WAICh. 2 - Prob. 4WAICh. 2 - Prob. 1CSCh. 2 - Prob. 2CSCh. 2 - In the chapter introduction, we presented gas...Ch. 2 - Prob. 4CSCh. 2 - Prob. 5CSCh. 2 - Prob. 6CSCh. 2 - Prob. 7CSCh. 2 - Prob. 8CSCh. 2 - Prob. 9CS
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- 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). daysarrow_forwardc. 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) $2.19 2.15 ETET AT&T Ford Verizon L'Oreal 2.56 2.44 2.34 Toyota Fiat Chrysler Walt Disney Company J.P Morgan a. What is the mean amount spent on advertising? (to 2 decimals) 2.55 b. What is the median amount spent on advertising? (to 3 decimals) 2.09 1.97 1.96 1.88arrow_forwardMartinez Auto Supplies has retail stores located in eight cities in California. The price they charge for a particular product in each city are vary because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that Martinez Auto sold last quarter in each city. City Price ($) Sales (cases) Bakersfield 34.99 501 Los Angeles 38.99 1425 Modesto 36.00 294 Oakland 33.59 882 Sacramento 40.99 715 San Diego 38.59 1088 San Francisco 39.59 1644 San Jose 37.99 819 Compute the average sales price per case for this product during the last quarter? Round your answer to two decimal places.arrow_forward
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