Statistics, Binder Ready Version: Unlocking the Power of Data
2nd Edition
ISBN: 9781119163664
Author: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock
Publisher: WILEY
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Chapter 2.5, Problem 168E
To determine
Check whether the association between the two variables, “size of a house and cost to heat the house”, is positive or negative.
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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, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to
Maturity
20
Dollar Value
($ 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
Chapter 2 Solutions
Statistics, Binder Ready Version: Unlocking the Power of Data
Ch. 2.1 - Exercises 2.1 to 2.4 provide information about...Ch. 2.1 - Exercises 2.1 to 2.4 provide information about...Ch. 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 - Prob. 9ECh. 2.1 - Prob. 10E
Ch. 2.1 - In Exercises 2.11 and 2.12, a two-way table is...Ch. 2.1 - Prob. 12ECh. 2.1 - Prob. 13ECh. 2.1 - Prob. 14ECh. 2.1 - Prob. 15ECh. 2.1 - Prob. 16ECh. 2.1 - Prob. 17ECh. 2.1 - Prob. 18ECh. 2.1 - Prob. 19ECh. 2.1 - Culture and Mental Illness A recent study13...Ch. 2.1 - Prob. 21ECh. 2.1 - Prob. 22ECh. 2.1 - Prob. 23ECh. 2.1 - Prob. 24ECh. 2.1 - Electrical Stimulation for Fresh Insight? If we...Ch. 2.1 - Exercises 2.26 to 2.29 use data on college...Ch. 2.1 - Prob. 27ECh. 2.1 - How Accurate Are Student Perceptions? Students in...Ch. 2.1 - Prob. 29ECh. 2.1 - Prob. 30ECh. 2.1 - Prob. 31ECh. 2.1 - Prob. 32ECh. 2.1 - Prob. 33ECh. 2.1 - Prob. 34ECh. 2.1 - Prob. 35ECh. 2.1 - Prob. 36ECh. 2.1 - Prob. 37ECh. 2.1 - Prob. 38ECh. 2.1 - Prob. 39ECh. 2.1 - Prob. 40ECh. 2.1 - Prob. 41ECh. 2.2 - Exercises 2.42 to 2.48 refer to histograms A...Ch. 2.2 - Prob. 43ECh. 2.2 - Prob. 44ECh. 2.2 - Exercises 2.42 to 2.48 refer to histograms A...Ch. 2.2 - Prob. 46ECh. 2.2 - For each of the four histograms E, F, G, and H,...Ch. 2.2 - Prob. 48ECh. 2.2 - In Exercises 2.49 to 2.52, draw any dotplot to...Ch. 2.2 - Prob. 50ECh. 2.2 - Prob. 51ECh. 2.2 - Prob. 52ECh. 2.2 - Prob. 53ECh. 2.2 - Prob. 54ECh. 2.2 - Prob. 55ECh. 2.2 - Prob. 56ECh. 2.2 - Prob. 57ECh. 2.2 - Prob. 58ECh. 2.2 - Prob. 59ECh. 2.2 - Prob. 60ECh. 2.2 - Prob. 61ECh. 2.2 - Prob. 62ECh. 2.2 - Prob. 63ECh. 2.2 - Prob. 64ECh. 2.2 - Prob. 65ECh. 2.2 - Prob. 66ECh. 2.2 - Prob. 67ECh. 2.2 - Prob. 68ECh. 2.2 - Donating Blood to Grandma? Can young blood help...Ch. 2.2 - Prob. 70ECh. 2.2 - Prob. 71ECh. 2.2 - Prob. 72ECh. 2.2 - Prob. 73ECh. 2.2 - Prob. 74ECh. 2.2 - Prob. 75ECh. 2.2 - Prob. 76ECh. 2.2 - Prob. 77ECh. 2.3 - For the datasets in Exercises 2.78 to 2.83, use...Ch. 2.3 - Prob. 79ECh. 2.3 - Prob. 80ECh. 2.3 - Prob. 81ECh. 2.3 - Prob. 82ECh. 2.3 - Prob. 83ECh. 2.3 - Prob. 84ECh. 2.3 - Prob. 85ECh. 2.3 - Prob. 86ECh. 2.3 - Prob. 87ECh. 2.3 - Prob. 88ECh. 2.3 - Prob. 89ECh. 2.3 - Prob. 90ECh. 2.3 - Prob. 91ECh. 2.3 - Prob. 92ECh. 2.3 - Prob. 93ECh. 2.3 - Prob. 94ECh. 2.3 - Prob. 95ECh. 2.3 - Prob. 96ECh. 2.3 - In Exercises 2.94 to 2.97, indicate whether the...Ch. 2.3 - Prob. 98ECh. 2.3 - Prob. 99ECh. 2.3 - Prob. 100ECh. 2.3 - Prob. 101ECh. 2.3 - Prob. 102ECh. 2.3 - Prob. 103ECh. 2.3 - Prob. 104ECh. 2.3 - Prob. 105ECh. 2.3 - Prob. 106ECh. 2.3 - Prob. 107ECh. 2.3 - Prob. 108ECh. 2.3 - Prob. 109ECh. 2.3 - Prob. 110ECh. 2.3 - Prob. 111ECh. 2.3 - Prob. 112ECh. 2.3 - Laptop Computers and Sperm Count Studies have...Ch. 2.3 - Prob. 114ECh. 2.3 - Prob. 115ECh. 2.3 - Prob. 116ECh. 2.3 - Prob. 117ECh. 2.3 - Which Accomplishment of LeBron James Is Most...Ch. 2.3 - Prob. 119ECh. 2.3 - Prob. 120ECh. 2.3 - Prob. 121ECh. 2.3 - Largest and Smallest Standard Deviation Using only...Ch. 2.3 - Prob. 123ECh. 2.3 - Prob. 124ECh. 2.3 - Prob. 125ECh. 2.3 - Prob. 126ECh. 2.3 - Prob. 127ECh. 2.3 - Prob. 128ECh. 2.3 - Prob. 129ECh. 2.3 - Prob. 130ECh. 2.4 - In Exercises 2.131 and 2.132, match the five...Ch. 2.4 - Prob. 132ECh. 2.4 - Prob. 133ECh. 2.4 - Prob. 134ECh. 2.4 - Prob. 135ECh. 2.4 - Exercises 2.133 to 2.136 show a boxplot for a set...Ch. 2.4 - Prob. 137ECh. 2.4 - Prob. 138ECh. 2.4 - Prob. 139ECh. 2.4 - Prob. 140ECh. 2.4 - Literacy Rate Figure 2.39 gives a boxplot showing...Ch. 2.4 - Young Blood Helps Old Brains Exercise 2.69 on page...Ch. 2.4 - Prob. 143ECh. 2.4 - Prob. 144ECh. 2.4 - Prob. 145ECh. 2.4 - Audience Scores on Rotten Tomatoes The variable...Ch. 2.4 - Do Movie Budgets Differ Based on the Genre of the...Ch. 2.4 - Do Audience Ratings Differ Based on the Genre of...Ch. 2.4 - Physical Activity by Region of the Country in the...Ch. 2.4 - Prob. 150ECh. 2.4 - Prob. 151ECh. 2.4 - How Do Honeybees Communicate Quality? When...Ch. 2.4 - Prob. 153ECh. 2.4 - Prob. 154ECh. 2.4 - Prob. 155ECh. 2.4 - Prob. 156ECh. 2.4 - Prob. 157ECh. 2.4 - Prob. 158ECh. 2.4 - Prob. 159ECh. 2.5 - Match the scatterplots in Figure 2.54 with the...Ch. 2.5 - Match the scatterplots in Figure 2.54 with the...Ch. 2.5 - Prob. 162ECh. 2.5 - Prob. 163ECh. 2.5 - Prob. 164ECh. 2.5 - Prob. 165ECh. 2.5 - Prob. 166ECh. 2.5 - Prob. 167ECh. 2.5 - Prob. 168ECh. 2.5 - Prob. 169ECh. 2.5 - Prob. 170ECh. 2.5 - Prob. 171ECh. 2.5 - Prob. 172ECh. 2.5 - Prob. 173ECh. 2.5 - Prob. 174ECh. 2.5 - Prob. 175ECh. 2.5 - Prob. 176ECh. 2.5 - Prob. 177ECh. 2.5 - Prob. 178ECh. 2.5 - Mother’s Love, Hippocampus, and Resiliency...Ch. 2.5 - Prob. 180ECh. 2.5 - Prob. 181ECh. 2.5 - Prob. 182ECh. 2.5 - Prob. 183ECh. 2.5 - Prob. 184ECh. 2.5 - Prob. 185ECh. 2.5 - Prob. 186ECh. 2.5 - Prob. 187ECh. 2.5 - Prob. 188ECh. 2.5 - Prob. 189ECh. 2.5 - Prob. 190ECh. 2.5 - Prob. 191ECh. 2.5 - Prob. 192ECh. 2.5 - Prob. 193ECh. 2.5 - Prob. 194ECh. 2.5 - Iris Petals Allometry is the area of biology that...Ch. 2.5 - Create a Scatterplot Draw any scatterplot...Ch. 2.5 - Prob. 197ECh. 2.5 - Do Movies with Larger Budgets Get Higher Audience...Ch. 2.5 - Prob. 199ECh. 2.6 - In Exercises 2.200 to 2.203, two variables are...Ch. 2.6 - Prob. 201ECh. 2.6 - Prob. 202ECh. 2.6 - Prob. 203ECh. 2.6 - Prob. 204ECh. 2.6 - Prob. 205ECh. 2.6 - Use technology to find the regression line to...Ch. 2.6 - Prob. 207ECh. 2.6 - Prob. 208ECh. 2.6 - Prob. 209ECh. 2.6 - Is It Getting Harder to Win a Hot Dog Eating...Ch. 2.6 - Prob. 211ECh. 2.6 - Football and Cognitive Percentile Exercise 2.143...Ch. 2.6 - Prob. 213ECh. 2.6 - Prob. 214ECh. 2.6 - Prob. 215ECh. 2.6 - Height and Weight Using the data in the...Ch. 2.6 - Prob. 217ECh. 2.6 - Prob. 218ECh. 2.6 - Prob. 219ECh. 2.6 - Prob. 220ECh. 2.6 - Prob. 221ECh. 2.6 - Prob. 222ECh. 2.6 - Prob. 223ECh. 2.6 - Prob. 224ECh. 2.6 - Prob. 225ECh. 2.7 - Prob. 226ECh. 2.7 - Prob. 227ECh. 2.7 - Prob. 228ECh. 2.7 - Visualizing Football and Brain Size Exercise 2.143...Ch. 2.7 - Prob. 230ECh. 2.7 - Prob. 231ECh. 2.7 - Prob. 232ECh. 2.7 - Prob. 233ECh. 2.7 - Prob. 236ECh. 2.7 - Prob. 237ECh. 2.7 - Prob. 239ECh. 2.7 - Prob. 240ECh. 2.7 - Prob. 241ECh. 2.7 - Prob. 244ECh. 2.7 - Prob. 245ECh. 2.7 - Prob. 246ECh. 2.7 - Prob. 247ECh. 2.7 - Prob. 248ECh. 2.7 - Prob. 249ECh. 2.7 - Prob. 250ECh. 2.7 - Prob. 251ECh. 2.7 - Prob. 252ECh. 2.7 - Prob. 253ECh. 2.7 - Prob. 254ECh. 2.7 - Prob. 256ECh. 2.7 - Prob. 257ECh. 2.7 - Prob. 258ECh. 2.7 - Prob. 259ECh. 2.7 - Prob. 260ECh. 2.7 - Prob. 268E
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- 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) $2.19 2.15 ETET AT&T Ford Verizon L'Oreal 2.56 2.44 2.34 Toyota Fiat Chrysler Walt Disney Company J.P Morgan a. What is the mean amount spent on advertising? (to 2 decimals) 2.55 b. What is the median amount spent on advertising? (to 3 decimals) 2.09 1.97 1.96 1.88arrow_forwardMartinez Auto Supplies has retail stores located in eight cities in California. The price they charge for a particular product in each city are vary because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that Martinez Auto sold last quarter in each city. City Price ($) 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_forwardConsider the following data and corresponding weights. xi Weight(wi) 3.2 6 2.0 3 2.5 2 5.0 8 a. Compute the weighted mean (to 2 decimals). b. Compute the sample mean of the four data values without weighting. Note the difference in the results provided by the two computations (to 3 decimals).arrow_forward
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