Introduction To Statistics And Data Analysis
6th Edition
ISBN: 9781337793612
Author: PECK, Roxy.
Publisher: Cengage Learning,
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Textbook Question
Chapter 3.3, Problem 24E
The data in the accompanying table are from the Organization for Economic Co-operation and Development (data.oecd.org/eduatt/population-with-tertiary-education.htm, retrieved February 18, 2018). Entries in the table are the percentage of 25- to 34-year-old people who have completed a 4-year college degree for 27 countries in 2016.
- a. Construct a histogram of these data using the class intervals 20 to < 30, 30 to < 40,…, 60 to < 70. (Hint: See Example 3.16.)
- b. Write a few sentences describing the shape, center, and variability of the distribution.
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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
Introduction To Statistics And Data Analysis
Ch. 3.1 - Each person in a nationally representative sample...Ch. 3.1 - The graphical display on the next page is similar...Ch. 3.1 - The survey referenced in the previous exercise was...Ch. 3.1 - The National Confectioners Association asked 1006...Ch. 3.1 - College student attitudes about e-books were...Ch. 3.1 - The Center for Science in the Public Interest...Ch. 3.1 - Using the data given in the previous exercise,...Ch. 3.1 - The article Housework around the World (USA TODAY,...Ch. 3.1 - The authors of the report Findings from the 2009...Ch. 3.1 - The survey on student attitude toward e-books...
Ch. 3.1 - During 2017, Gallup conducted a survey of adult...Ch. 3.1 - An article about college loans (New Rules Would...Ch. 3.1 - The report Findings From the 2014 College Senior...Ch. 3.2 - The National Center for Health Statistics provided...Ch. 3.2 - The paper State-Level Cancer Mortality...Ch. 3.2 - The accompanying data on seat belt use for each of...Ch. 3.2 - The previous exercise gave data on seat belt use...Ch. 3.2 - The U.S. Department of Health and Human Services...Ch. 3.2 - The article Economy Low, Generosity High (USA...Ch. 3.2 - The U.S. gasoline tax per gallon data for each of...Ch. 3.2 - A report from Texas Transportation Institute...Ch. 3.2 - The percentage of teens not in school or working...Ch. 3.3 - The data in the accompanying table are from the...Ch. 3.3 - The accompanying data on annual maximum wind speed...Ch. 3.3 - The accompanying relative frequency table is based...Ch. 3.3 - The data in the accompanying table represents the...Ch. 3.3 - Construct a histogram for the data in the previous...Ch. 3.3 - The following two relative frequency distributions...Ch. 3.3 - U.S. Census data for San Luis Obispo County,...Ch. 3.3 - Use the commute time data given in the previous...Ch. 3.3 - The report Trends in College Pricing 2012...Ch. 3.3 - An exam is given to students in an introductory...Ch. 3.3 - The accompanying frequency distribution summarizes...Ch. 3.3 - Example 3.19 used annual rainfall data for...Ch. 3.3 - Use the relative frequency distribution...Ch. 3.3 - Prob. 37ECh. 3.3 - Use the cumulative relative frequencies given in...Ch. 3.3 - Using the five class intervals 100 to 120, 120 to...Ch. 3.4 - The accompanying table gives data from a survey of...Ch. 3.4 - Consumer Reports Health (consumerreports.org) gave...Ch. 3.4 - Consumer Reports rated 29 fitness trackers (such...Ch. 3.4 - Consumer Reports (consumerreports.org) rated 37...Ch. 3.4 - The Solid Waste Management section of the...Ch. 3.4 - The report Daily Cigarette Use: Indicators on...Ch. 3.4 - The accompanying time series plot of movie box...Ch. 3.5 - The accompanying comparative bar chart is similar...Ch. 3.5 - The figure at the top left of the next page is...Ch. 3.5 - The figure at the top right of the next page is...Ch. 3.5 - The two graphical displays below are similar to...Ch. 3.5 - The following graphical display is similar to one...Ch. 3.5 - Explain why the following graphical display...Ch. 3 - Each year, The Princeton Review conducts surveys...Ch. 3 - Prob. 55CRCh. 3 - Prob. 56CRCh. 3 - Prob. 57CRCh. 3 - Prob. 58CRCh. 3 - Does the size of a transplanted organ matter? A...Ch. 3 - Prob. 60CRCh. 3 - The article Tobacco and Alcohol Use in G-Rated...Ch. 3 - Prob. 62CRCh. 3 - Prob. 63CRCh. 3 - Many nutritional experts have expressed concern...Ch. 3 - Americium 241 (241Am) is a radioactive material...Ch. 3 - Does eating broccoli reduce the risk of prostate...Ch. 3 - An article that appeared in USA TODAY (August 11,...Ch. 3 - Sometimes samples are composed entirely of...Ch. 3 - Prob. 4CRECh. 3 - More than half of Californias doctors say they are...Ch. 3 - Based on observing more than 400 drivers in the...Ch. 3 - An article from the Associated Press (May 14,...Ch. 3 - Prob. 8CRECh. 3 - Prob. 9CRECh. 3 - Prob. 10CRECh. 3 - The article Determination of Most Representative...Ch. 3 - The paper Lessons from Pacemaker Implantations...Ch. 3 - How does the speed of a runner vary over the...Ch. 3 - Prob. 14CRECh. 3 - One factor in the development of tennis elbow, a...Ch. 3 - An article that appeared in USA TODAY (September...
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