Introductory Statistics (2nd Edition)
2nd Edition
ISBN: 9780321978271
Author: Robert Gould, Colleen N. Ryan
Publisher: PEARSON
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Textbook Question
Chapter 3, Problem 77CRE
a. State an approximate value for the
b. Here is a proposed method for finding an approximation for the standard deviation based on the histogram: Find the approximate
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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 3 Solutions
Introductory Statistics (2nd Edition)
Ch. 3 - Earnings A sociologist says, “Typically, men in...Ch. 3 - Houses A real estate agent claims that all things...Ch. 3 - Age of CEOs (Example) the histogram shows the ages...Ch. 3 - Televisions The histogram shows the number of...Ch. 3 - Billionaires According to Forbes.com, the numbers...Ch. 3 - Billionaires According to Forbes.com, the numbers...Ch. 3 - Paid Vacation Days (Example 2) This list...Ch. 3 - Children of First Ladies This list represents the...Ch. 3 - Ages of Presidents at Inauguration At their...Ch. 3 - Ages of Chief Justices at Installation At their...
Ch. 3 - Weight Loss (Example 3) The table shows Minitab...Ch. 3 - Education of Father and Mother The table shows...Ch. 3 - Surfing College students and surfers Rex Robinson...Ch. 3 - Eating Out College student Jacqueline Loya asked a...Ch. 3 - Real state price (Example) look at the two...Ch. 3 - Dice The histogram contain data with a range of 1...Ch. 3 - Birth Weights (Example 5) The mean birth weigh for...Ch. 3 - Birth Length The mean birth length for U.S....Ch. 3 - Children’s Ages (Example 6) Mrs. Johnson’s...Ch. 3 - Pay Rate in Different Currencies The pay rates for...Ch. 3 - Olympics In the most recent summer Olympics, do...Ch. 3 - Weights Suppose you have a data set with the...Ch. 3 - Brain Size The brain size (in hundreds of...Ch. 3 - Happiness A survey on StatCrunch asked people to...Ch. 3 - Drinkers The number of alcoholic drinks per week...Ch. 3 - Prob. 26SECh. 3 - Violent Crime: West (Example 7) In 2011, the mean...Ch. 3 - Violent Crime: East In 2011, the mean rate of...Ch. 3 - Property Crime (Example 8) In 2011, the mean...Ch. 3 - Property Crime In 2011, the mean property crime...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 - Women's Heights Assume that women's heights have a...Ch. 3 - SATs The quantitative portion of the SAT exam has...Ch. 3 - Name two measures of the center of a distribution,...Ch. 3 - Name two measures of the variation of a...Ch. 3 - Pixar Animated Movies (Example 11) The ten...Ch. 3 - DreamWorks Animated Movies The ten top-grossing...Ch. 3 - Pixar Animated Movies Again (Example 12) Find the...Ch. 3 - Dreamworks Animated Movies Find the median and...Ch. 3 - Prob. 45SECh. 3 - Drinks The number of alcoholic drinks per week is...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 - Heads The graphs show the circumferences of heads...Ch. 3 - House Prices The graphs show the house prices (in...Ch. 3 - Shoes (Example 14) The histograms show the number...Ch. 3 - Tax Rate A StatCrunch survey asked people what...Ch. 3 - Regional Population Density The figure shows the...Ch. 3 - Property Crime Rates The boxplot shows the...Ch. 3 - City Temperatures The boxplot shows temperatures...Ch. 3 - Brain Size The boxplots show the brain size (in...Ch. 3 - Matching Boxplots and Histograms a. Report the...Ch. 3 - Matching Boxplots and Histograms Match each of the...Ch. 3 - Sleep Time of Animals Data at this text's website...Ch. 3 - BA Percentage The data show the percentage of...Ch. 3 - Tall Buildings The dotplot shows the distribution...Ch. 3 - Passing the Bar Exam The dotplot shows the...Ch. 3 - Exam Scores The five-number summary for a...Ch. 3 - Exam Scores The five-number summary for a...Ch. 3 - Death Row: South (Example 15) The table shows the...Ch. 3 - Death Row: West The table shows the numbers of...Ch. 3 - Head Circumference (Example 16) Following are head...Ch. 3 - Heights of Sons and Dads The data at this text’s...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 - Soda Consumption A StatCrunch survey asked people...Ch. 3 - Holiday Spending A StatCrunch survey asked people...Ch. 3 - a. State an approximate value for the mean height...Ch. 3 - Ideal Family In 2012, the General Social Survey...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 - 3.79-3.82 construct two sets of numbers with at...Ch. 3 - Population Density Data were recorded for each of...Ch. 3 - Population Increase Data were recorded for each of...Ch. 3 - Prob. 85CRECh. 3 - Eating Out, Again College student Jacqueline Loya...Ch. 3 - Study Hours A group of 50 statistics students, 25...Ch. 3 - Driving Accidents College student Sandy Hudson...Ch. 3 - Exam Scores An exam has a mean of 70 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 - Students’ Ages Here are the ages of some students...Ch. 3 - House Prices The figure, which is from data taken...
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