Billionaires According to Forbes.com, the numbers of billionaires in the five states in the Midwest with the most billionaires are given in the table. a. Find and report the mean number of billionaires per state in context: The mean number of billionaires in these five state is __________.(report the number of the nearest tenth. b. Sketch a dotplot of the data, and mark the location of the mean. You can use a triangle under the axis (A, like a fulcrum) to mark the location; it should be at the balance point. c. Find and report the standard deviation of the number of billionaires per state in context; round to the nearest tenth. d. Which of the given numbers is farthest from the mean and therefore contributes most to the standard deviation?
Billionaires According to Forbes.com, the numbers of billionaires in the five states in the Midwest with the most billionaires are given in the table. a. Find and report the mean number of billionaires per state in context: The mean number of billionaires in these five state is __________.(report the number of the nearest tenth. b. Sketch a dotplot of the data, and mark the location of the mean. You can use a triangle under the axis (A, like a fulcrum) to mark the location; it should be at the balance point. c. Find and report the standard deviation of the number of billionaires per state in context; round to the nearest tenth. d. Which of the given numbers is farthest from the mean and therefore contributes most to the standard deviation?
Solution Summary: The author explains how to calculate the mean number of billionaires in the five states using MINITAB software.
Billionaires According to Forbes.com, the numbers of billionaires in the five states in the Midwest with the most billionaires are given in the table.
a. Find and report the mean number of billionaires per state in context:
The mean number of billionaires in these five state is __________.(report the number of the
nearest tenth.
b. Sketch a dotplot of the data, and mark the location of the mean. You
can use a triangle under the axis (A, like a fulcrum) to mark the location; it should be at the balance point.
c. Find and report the standard deviation of the number of billionaires per state in context; round
to the nearest tenth.
d. Which of the given numbers is farthest from the mean and therefore contributes most to the
standard deviation?
Definition Definition Number of subjects or observations included in a study. A large sample size typically provides more reliable results and better representation of the population. As sample size and width of confidence interval are inversely related, if the sample size is increased, the width of the confidence interval decreases.
Please provide the solution for the attached image in detailed.
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GISS
Worksheet 10
Jesse runs a small business selling and delivering mealie meal to the spaza shops.
He charges a fixed rate of R80, 00 for delivery and then R15, 50 for each packet of
mealle meal he delivers. The table below helps him to calculate what to charge
his customers.
10
20
30
40
50
Packets of mealie
meal (m)
Total costs in Rands
80
235
390
545
700
855
(c)
10.1.
Define the following terms:
10.1.1. Independent Variables
10.1.2. Dependent Variables
10.2.
10.3.
10.4.
10.5.
Determine the independent and dependent variables.
Are the variables in this scenario discrete or continuous values? Explain
What shape do you expect the graph to be? Why?
Draw a graph on the graph provided to represent the information in the
table above.
TOTAL COST OF PACKETS OF MEALIE MEAL
900
800
700
600
COST (R)
500
400
300
200
100
0
10
20
30
40
60
NUMBER OF PACKETS OF MEALIE MEAL
Let X be a random variable with support SX = {−3, 0.5, 3, −2.5, 3.5}. Part ofits probability mass function (PMF) is given bypX(−3) = 0.15, pX(−2.5) = 0.3, pX(3) = 0.2, pX(3.5) = 0.15.(a) Find pX(0.5).(b) Find the cumulative distribution function (CDF), FX(x), of X.1(c) Sketch the graph of FX(x).
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