Statistical Reasoning for Everyday Life (5th Edition)
5th Edition
ISBN: 9780134494043
Author: Jeff Bennett, William L. Briggs, Mario F. Triola
Publisher: PEARSON
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Textbook Question
Chapter 4.3, Problem 1E
Variation Matters. Consider two grocery stores at which the
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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 4 Solutions
Statistical Reasoning for Everyday Life (5th Edition)
Ch. 4.1 - Average. Define and distinguish among mean,...Ch. 4.1 - Outliers. What are outliers? Describe the effects...Ch. 4.1 - Average Confusion. Briefly describe at least two...Ch. 4.1 - Weighting. What is a weighted mean, and when is it...Ch. 4.1 - Does It Make Sense? For Exercises 59, determine...Ch. 4.1 - Does It Make Sense? For Exercises 59, determine...Ch. 4.1 - Mode. In an analysis of salaries paid to sales...Ch. 4.1 - Employment Data. A survey asked people their...Ch. 4.1 - Mean Wage. To find the mean wage of restaurant...Ch. 4.1 - Mean, Median, and Mode. In Exercises 1016, find...
Ch. 4.1 - Mean, Median, and Mode. In Exercises 1016, find...Ch. 4.1 - Mean, Median, and Mode. In Exercises 1016, find...Ch. 4.1 - Mean, Median, and Mode. In Exercises 1016, find...Ch. 4.1 - Mean, Median, and Mode. In Exercises 1016, find...Ch. 4.1 - Mean, Median, and Mode. In Exercises 1016, find...Ch. 4.1 - Mean, Median, and Mode. In Exercises 1016, find...Ch. 4.1 - Cell Phone Radiation. Listed below are...Ch. 4.1 - Alphabetic States. The states of Alabama, Alaska,...Ch. 4.1 - Outlier Coke. The contents of cans of regular...Ch. 4.1 - Raising Your Grade. Suppose you have scores of 80,...Ch. 4.1 - Raising Your Grade. Suppose you have scores of 60,...Ch. 4.1 - Comparing Data. In Exercises 2225, find the mean...Ch. 4.1 - Comparing Data. In Exercises 2225, find the mean...Ch. 4.1 - Comparing Data. In Exercises 2225, find the mean...Ch. 4.1 - Prob. 25ECh. 4.1 - Weighted Mean. Compute the weighte means in...Ch. 4.1 - Class Grade. Ryan is taking an advanced math class...Ch. 4.1 - GPA. One common system for computing a grade point...Ch. 4.1 - Prob. 29ECh. 4.1 - Prob. 30ECh. 4.1 - 31. Stockholder Voting. A small company has six...Ch. 4.1 - Weighted Mean. In Exercises 3235, find the mean of...Ch. 4.1 - Weighted Mean. In Exercises 3235, find the mean of...Ch. 4.1 - Weighted Mean. In Exercises 3235, find the mean of...Ch. 4.1 - Weighted Mean. In Exercises 3235, find the mean of...Ch. 4.1 - U.S. Population Center. Imagine taking a huge flat...Ch. 4.2 - Modes. Distinguish between a uniform distribution...Ch. 4.2 - Prob. 2ECh. 4.2 - Prob. 3ECh. 4.2 - Prob. 4ECh. 4.2 - Prob. 5ECh. 4.2 - Does It Make Sense? For Exercises 58, determine...Ch. 4.2 - Does It Make Sense? For Exercises 58, determine...Ch. 4.2 - Does It Make Sense? For Exercises 58, determine...Ch. 4.2 - Prob. 9ECh. 4.2 - Distributions. In Exercises 912, describe the...Ch. 4.2 - Distributions. In Exercises 912, describe the...Ch. 4.2 - Distributions. In Exercises 912, describe the...Ch. 4.2 - Baseball Salaries. In a recent year, the 868...Ch. 4.2 - Boston Rainfall. The daily rainfall amounts (in...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.2 - Describing Distributions. For each distribution...Ch. 4.3 - Variation Matters. Consider two grocery stores at...Ch. 4.3 - Variation Measures. Briefly distinguish between...Ch. 4.3 - Quartiles and Percentiles. Briefly describe how...Ch. 4.3 - Standard Deviation. Describe the process of...Ch. 4.3 - Does It Make Sense? For Exercises 58, determine...Ch. 4.3 - Does It Make Sense? For Exercises 58, determine...Ch. 4.3 - Does It Make Sense? For Exercises 58, determine...Ch. 4.3 - Does It Make Sense? For Exercises 58, determine...Ch. 4.3 - Prob. 9ECh. 4.3 - Range and Standard Deviation. Exercises 916 each...Ch. 4.3 - Range and Standard Deviation. Exercises 916 each...Ch. 4.3 - Range and Standard Deviation. Exercises 916 each...Ch. 4.3 - Range and Standard Deviation. Exercises 916 each...Ch. 4.3 - Range and Standard Deviation. Exercises 916 each...Ch. 4.3 - Range and Standard Deviation. Exercises 916 each...Ch. 4.3 - Range and Standard Deviation. Exercises 916 each...Ch. 4.3 - Prob. 17ECh. 4.3 - Comparing Variation. In Exercises 1720, find the...Ch. 4.3 - Prob. 19ECh. 4.3 - Comparing Variation. In Exercises 1720, find the...Ch. 4.3 - Calculating Percentiles. A statistics professor...Ch. 4.3 - Calculating Percentiles. A data set consists of...Ch. 4.3 - Understanding Standard Deviation. The following...Ch. 4.3 - Understanding Standard Deviation. The following...Ch. 4.3 - Comparing Data Sets. For each of Exercises 2528,...Ch. 4.3 - Comparing Data Sets. For each of Exercises 2528,...Ch. 4.3 - Comparing Data Sets. For each of Exercises 2528,...Ch. 4.3 - Comparing Data Sets. For each of Exercises 2528,...Ch. 4.3 - Manufacturing. You are in charge of a...Ch. 4.3 - Prob. 30ECh. 4.3 - Prob. 31ECh. 4.3 - Prob. 32ECh. 4.4 - False Positive and False Negative. Professional...Ch. 4.4 - Positive Test Result. A professional soccer player...Ch. 4.4 - Prob. 3ECh. 4.4 - Prob. 4ECh. 4.4 - Does It Make Sense? For Exercises 58, determine...Ch. 4.4 - Does It Make Sense? For Exercises 58, determine...Ch. 4.4 - Does It Make Sense? For Exercises 58, determine...Ch. 4.4 - Does It Make Sense? For Exercises 58, determine...Ch. 4.4 - Prob. 9ECh. 4.4 - Passing Percentages. The table below shows the...Ch. 4.4 - Test Scores. The table below shows eighth-grade...Ch. 4.4 - Test Scores. Consider the following table...Ch. 4.4 - Prob. 13ECh. 4.4 - Prob. 14ECh. 4.4 - Basketball Records. Consider the following...Ch. 4.4 - Better Drug. Two drugs, A and B, were tested on a...Ch. 4.4 - Prob. 17ECh. 4.4 - Disease Test. Suppose a test for a disease is 80%...Ch. 4.4 - Prob. 19ECh. 4.4 - Drug Trials. (This problem is based on an example...Ch. 4.4 - HIV Risks. The New York State Department of Health...Ch. 4 - Chocolate Chips. Listed below are counts of the...Ch. 4 - Prob. 2CRECh. 4 - a. What is the standard deviation for a data set...Ch. 4 - When you add the earthquake magnitudes 2.45, 3.62,...Ch. 4 - Prob. 2CQCh. 4 - Prob. 3CQCh. 4 - Prob. 4CQCh. 4 - Prob. 5CQCh. 4 - Prob. 6CQCh. 4 - A histogram is constructed for a large set of...Ch. 4 - Prob. 8CQCh. 4 - Prob. 9CQCh. 4 - Identify the names of the components that...
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