Concept explainers
Kevin Horn is the national sales manager for National Textbooks Inc. He has a sales staff of 40 who visit college professors all over the United States. Each Saturday morning he requires his sales staff to send him a report. This report includes, among other things, the number of professors visited during the previous week. Listed below, ordered from smallest to largest, are the number of visits last week.
- a. Determine the
median number of calls. - b. Determine the first and third
quartiles. - c. Determine the first decile and the ninth decile.
- d. Determine the 33rd percentile.
a.
Find the first quartile.
Find the third quartile.
Answer to Problem 14E
The first quartile is 33.25.
The third quartile is 50.25.
Explanation of Solution
Calculation:
Location of percentile:
The formula for percentile is,
In the formula, P denotes the location of the percentile and n denotes the total number of observations.
The median is the midpoint of the dataset which is same as the 50th percentile of the data set.
There are 40 observations in the dataset. The observations are arranged in numerical order as, 38, 40, 41, 45, 48, 48, 50, 50, 51, 51, 52, 52, 53, 54, 55, 55, 55, 56, 56, 57, 59, 59, 59, 62, 62, 62, 63, 64, 65, 66, 66, 67, 67, 69, 69, 71, 77, 78, 79, and 79.
Substitute
The position of median is the 20.5th number in the dataset. The average of 20th and 21st value in the dataset has to be taken.
Hence, the median is 58.
b.
Find the first quartile.
Find the third quartile.
Answer to Problem 14E
The first quartile is 51.25.
The third quartile is 66.0.
Explanation of Solution
Calculation:
First quartile:
The first quartile represents the 25% of observation lies below first quartile. That is
Substitute,
The position of first quartile is 10.25th value in the dataset.
Hence, the first quartile is 51.25.
Third quartile:
The third quartile represents the 75% of observation lies above third quartile. That is
Substitute,
The position of third quartile is 30.75th value in the dataset.
Hence, the third quartile is 66.0.
c.
Find the first decile.
Find the ninth decile.
Answer to Problem 14E
The first decile is 45.3.
The ninth decile is 76.4.
Explanation of Solution
Calculation:
Location of decile:
The deciles divide the total observation into 10 equal parts. The formula for decile is,
In the formula, i denotes the location of the decile and n denotes the total number of observations.
First decile:
Substitute,
The position of first decile is 4.1th value in the dataset.
Hence, the first decile is 45.30.
Ninth decile:
Substitute,
The position of ninth decile is 36.9th value in the dataset.
Hence, the ninth decile is 76.4.
d.
Find the 33rd percentile.
Answer to Problem 14E
The 33rd percentile is 53.53.
Explanation of Solution
Calculation:
Substitute,
The position of 33rd percentile is 13.53th value in the dataset.
Hence, the 33rd percentile is 53.53.
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Chapter 4 Solutions
EBK STATISTICAL TECHNIQUES IN BUSINESS
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