Understandable Statistics: Concepts and Methods
12th Edition
ISBN: 9781337119917
Author: Charles Henry Brase, Corrinne Pellillo Brase
Publisher: Cengage Learning
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Chapter 3.1, Problem 17P
a.
To determine
Find the
b.
To determine
Find the mean, median, and mode after multiply each data value by 5.
c.
To determine
Compare the results in part (a) and (b).
Explain how the mode, median, and mode are affected when the same constant is added to each data value in a set.
d.
To determine
Find the values of the mode, median, and mean in centimeters.
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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 3 Solutions
Understandable Statistics: Concepts and Methods
Ch. 3.1 - Statistical Literacy Consider the mode, median,...Ch. 3.1 - Prob. 2PCh. 3.1 - Prob. 3PCh. 3.1 - Prob. 4PCh. 3.1 - Prob. 5PCh. 3.1 - Basic Computation: Mean, Median, Mode Find the...Ch. 3.1 - Prob. 7PCh. 3.1 - Critical Thinking Consider a data set with at...Ch. 3.1 - Critical Thinking Consider a data set with at...Ch. 3.1 - Prob. 10P
Ch. 3.1 - Critical Thinking When a distribution is...Ch. 3.1 - Critical Thinking Consider the following types of...Ch. 3.1 - Critical Thinking Consider the numbers 2 3 4 5 5...Ch. 3.1 - Prob. 14PCh. 3.1 - Prob. 15PCh. 3.1 - Prob. 16PCh. 3.1 - Prob. 17PCh. 3.1 - Critical Thinking Consider a data set of 15...Ch. 3.1 - Prob. 19PCh. 3.1 - Prob. 20PCh. 3.1 - Prob. 21PCh. 3.1 - Football: Age of Professional Players How old are...Ch. 3.1 - Prob. 23PCh. 3.1 - Prob. 24PCh. 3.1 - Prob. 25PCh. 3.1 - Prob. 26PCh. 3.1 - Prob. 27PCh. 3.1 - Prob. 28PCh. 3.1 - Expand Your Knowledge: Harmonic Mean When data...Ch. 3.1 - Prob. 30PCh. 3.2 - Statistical Literacy Which averagemean, median, or...Ch. 3.2 - Statistical Literacy What is the relationship...Ch. 3.2 - Statistical Literacy When computing the standard...Ch. 3.2 - Prob. 4PCh. 3.2 - Prob. 5PCh. 3.2 - Basic Computation: Range, Standard Deviation...Ch. 3.2 - Critical Thinking For a given data set in which...Ch. 3.2 - Prob. 8PCh. 3.2 - Prob. 9PCh. 3.2 - Prob. 10PCh. 3.2 - Prob. 11PCh. 3.2 - Critical Thinking: Outliers One indicator of an...Ch. 3.2 - Prob. 13PCh. 3.2 - Basic Computation: Coefficient of Variation,...Ch. 3.2 - Prob. 15PCh. 3.2 - Prob. 16PCh. 3.2 - Space Shuttle: Epoxy Kevlar epoxy is a material...Ch. 3.2 - Prob. 18PCh. 3.2 - Prob. 19PCh. 3.2 - Prob. 20PCh. 3.2 - Prob. 21PCh. 3.2 - Prob. 22PCh. 3.2 - Prob. 23PCh. 3.2 - Prob. 24PCh. 3.2 - Prob. 25PCh. 3.2 - Prob. 26PCh. 3.2 - Brain Teaser: Sum of Squares If you like...Ch. 3.2 - Prob. 28PCh. 3.2 - Prob. 29PCh. 3.2 - Prob. 30PCh. 3.3 - Statistical Literacy Angela took a general...Ch. 3.3 - Prob. 2PCh. 3.3 - Prob. 3PCh. 3.3 - Prob. 4PCh. 3.3 - Prob. 5PCh. 3.3 - Basic Computation: Five-Number Summary,...Ch. 3.3 - Health Care: Nurses At Center Hospital there is...Ch. 3.3 - Prob. 8PCh. 3.3 - Prob. 9PCh. 3.3 - Sociology: High School Dropouts What percentage of...Ch. 3.3 - Auto Insurance: Interpret Graphs Consumer Reports...Ch. 3.3 - Prob. 12PCh. 3 - Prob. 1CRPCh. 3 - Critical Thinking Look at the two histograms...Ch. 3 - Critical Thinking Consider the following Minitab...Ch. 3 - Prob. 4CRPCh. 3 - Political Science: Georgia Democrats How...Ch. 3 - Grades: Weighted Average Professor Cramer...Ch. 3 - Prob. 7CRPCh. 3 - Agriculture: Harvest Weight of Maize The following...Ch. 3 - Prob. 9CRPCh. 3 - Agriculture: Bell Peppers The pathogen...Ch. 3 - Performance Rating: Weighted Average A performance...Ch. 3 - Prob. 1DHCh. 3 - Prob. 2DHCh. 3 - Prob. 1UTCh. 3 - Prob. 1CURPCh. 3 - Describe how the presence of possible outliers...Ch. 3 - Prob. 3CURPCh. 3 - Prob. 4CURPCh. 3 - Prob. 5CURPCh. 3 - Prob. 6CURPCh. 3 - Prob. 7CURPCh. 3 - In west Texas, water is extremely important. The...Ch. 3 - Prob. 9CURPCh. 3 - Prob. 10CURPCh. 3 - Prob. 11CURPCh. 3 - In west Texas, water is extremely important. The...Ch. 3 - Prob. 13CURPCh. 3 - Prob. 14CURPCh. 3 - Prob. 15CURPCh. 3 - In west Texas, water is extremely important. The...Ch. 3 - Prob. 17CURP
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