EP INTRODUCTORY STATISTICS-MYSTATLAB
3rd Edition
ISBN: 9780135190210
Author: Gould
Publisher: PEARSON CO
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Chapter 3, Problem 75CRE
a .
To determine
Find and interpret
b .
To determine
Determine the
c.
To determine
Find the
d .
To determine
Explain what does mean and median value indicate about the shape of the data and identify the shape by plotting the data.
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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?
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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
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
1.88
Chapter 3 Solutions
EP INTRODUCTORY STATISTICS-MYSTATLAB
Ch. 3 - Earnings A sociologist says, “Typically, men in...Ch. 3 - Houses A real estate agent claims that all things...Ch. 3 - Exercise Hours (Example 1) The histogram shows the...Ch. 3 - Sodium The following histogram shows the sodium...Ch. 3 - Tall Buildings The table shows the location and...Ch. 3 - Roller Coasters The table shows the names and...Ch. 3 - River Lengths (Example 2) The table shows the...Ch. 3 - Children of First Ladies This list represents the...Ch. 3 - 200-Meter Run The table show the gold medal...Ch. 3 - Olympic Swimming Times The table shows the...
Ch. 3 - Wedding Costs by Gender (Example 3) StatCrunch did...Ch. 3 - Wedding Costs by Experience StatCrunch did a...Ch. 3 - Surfing College students and surfers Rex Robinson...Ch. 3 - State College Tuition The tuition costs (in...Ch. 3 - Winter Temperatures San Jose and Denver (Example...Ch. 3 - Summer Temperatures L.A. and NYC The histograms...Ch. 3 - Weight Gain during Pregnancy (Example 5) The mean...Ch. 3 - Birth Length The mean birth length for U.S....Ch. 3 - Orange Juice Prices (Example 6) From Amazon.com,...Ch. 3 - Sibling Ages Four siblings are 2, 6, 9, and 10...Ch. 3 - Olympics In the most recent summer Olympics, do...Ch. 3 - Weights Suppose you have a data set with the...Ch. 3 - Home Prices (SC and TN) The prices (in $ thousand)...Ch. 3 - Home Prices (FL and GA) The prices (in $ thousand)...Ch. 3 - Drinkers The number of alcoholic drinks per week...Ch. 3 - Prob. 26SECh. 3 - Standard Deviation Is it possible for a standard...Ch. 3 - Standard Deviation Is it possible for a standard...Ch. 3 - Major League Baseball Runs (Example 7) The...Ch. 3 - Residential Energy Consumption (East) Data on...Ch. 3 - Pollution Index (Example 8) In 2017 a pollution...Ch. 3 - Pollution Index In 2017 a pollution index was...Ch. 3 - Heights and z-Scores The dotplot shows heights of...Ch. 3 - Heights Refer to the dotplot in the previous...Ch. 3 - Unusual IQs (Example 9) Wechsler IQ tests have a...Ch. 3 - Lengths of Pregnancy Distributions of gestation...Ch. 3 - Low-Birth-Weight Babies (Example 10) Babies born...Ch. 3 - Birth Lengths Babies born after 40 weeks gestation...Ch. 3 - Men’s Heights Assume that men’s heights have a...Ch. 3 - Women’s Heights Assume that women’s heights have a...Ch. 3 - Name two measures of the center of a distribution,...Ch. 3 - Name two measures of the variation of a...Ch. 3 - Marvel Movies (Example 11 and 13) The top ten...Ch. 3 - DC Movies The top seven movies based on DC comic...Ch. 3 - Top Seven Marvel Movies (Example 12) Use the data...Ch. 3 - Top Five DC Movies Use the data in Exercise 3.44,...Ch. 3 - Total Energy Consumption Data was collected on the...Ch. 3 - Industrial Energy Consumption Data was collected...Ch. 3 - Outliers a. In your own words, describe to someone...Ch. 3 - Center and Variation When you are comparing two...Ch. 3 - An Error A dieter recorded the number of calories...Ch. 3 - Baseball Strike In 1994, Major League Baseball...Ch. 3 - Home Prices Home prices in San Luis Obispo County...Ch. 3 - Youth Heights The National Longitudinal Survey...Ch. 3 - Senator Years in Office (Example 14) The following...Ch. 3 - MLB Player Ages The following histograms show the...Ch. 3 - Prob. 57SECh. 3 - Death Row: West The following table shows the...Ch. 3 - The Consumer Price Index (CPI) (Example 16)...Ch. 3 - Prob. 60SECh. 3 - Prob. 61SECh. 3 - Mean from a Histogram The histogram shows the...Ch. 3 - Poverty Rates The following boxplot shows the...Ch. 3 - Regional Population Density The figure shows the...Ch. 3 - Professional Sport Ticket Prices The following...Ch. 3 - BA Attainment The following boxplot shows the...Ch. 3 - Matching Boxplots and Histograms a. Report the...Ch. 3 - Matching Boxplots and Histograms Match each of the...Ch. 3 - Public Libraries Data at this text’s website show...Ch. 3 - Gas Taxes Data at this text’s website show the gas...Ch. 3 - Roller Coaster Heights (Example 17) The dotplot...Ch. 3 - Passing the Bar Exam The following dotplot shows...Ch. 3 - Exam Scores The five-number summary for a...Ch. 3 - Exam Scores The five-number summary for a...Ch. 3 - Prob. 75CRECh. 3 - Gas Taxes (West) The following table shows the gas...Ch. 3 - Final Exam Grades The data that follow are final...Ch. 3 - Speeding Tickets College students Diane Glover and...Ch. 3 - Heights The following graph shows the heights for...Ch. 3 - Marathon Times The following histogram of marathon...Ch. 3 - Prob. 81CRECh. 3 - Chain Restaurant Calories The New York Times...Ch. 3 - 12th-Grade Sleep The histogram shows hours of...Ch. 3 - For exercises 3.85 through 3.88, construct two...Ch. 3 - For exercises 3.85 through 3.88, construct two...Ch. 3 - For exercises 3.85 through 3.88, construct two...Ch. 3 - For exercises 3.85 through 3.88, construct two...Ch. 3 - Educational Attainment The tables below show the...Ch. 3 - Unemployment Rates The tables below show the 2015...Ch. 3 - Professional Sports Ticket Prices The following...Ch. 3 - Professional Sports Ticket Prices The following...Ch. 3 - Exam Scores An exam score has a mean of 80 and a...Ch. 3 - Boys’ Heights Three-year-old boys in the United...Ch. 3 - SAT and ACT Scores Quantitative SAT scores have a...Ch. 3 - Children’s Heights Mrs. Diaz has two children: a...Ch. 3 - Prob. 97CRECh. 3 - Students’ Ages Here are the ages of some students...Ch. 3 - Race Times The following graph shows the time it...Ch. 3 - Prob. 100CRECh. 3 - Prob. 101CRECh. 3 - Prob. 102CRE
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- Martinez 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_forwardExpert only,if you don't know it don't attempt it, no Artificial intelligence or screen shot it solvingarrow_forward
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