Concept explainers
a.
To construct: The histogram to make the comparison of X and Y. Also, discuss the difference that could be observed in these two distributions.
a.
Explanation of Solution
Given:
The probability distributions are:
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Owned | 0.003 | 0.002 | 0.023 | 0.104 | 0.21 | 0.224 | 0.197 | 0.149 | 0.053 | 0.035 |
Rented | 0.008 | 0.027 | 0.287 | 0.363 | 0.164 | 0.093 | 0.039 | 0.013 | 0.003 | 0.003 |
Formula used:
The formulas to compute the mean and standard deviation are:
Graph:
The histograms could be constructed as:
Interpretation:
By looking at the above graph it could be said that there are more rooms for the owners that the renters. On the other hand, the distribution for owned is ball shaped which implies that it is approximately
b.
To find: The mean for both the distribution and compare them.
b.
Explanation of Solution
Calculation:
The mean for both the distributions using Ti-83 plus calculator could be calculated as:
For owned:
For rented:
Thus, the mean is 6.280 and 4.187 respectively.
There is a difference in two means because of the type of distributions.
c.
To find: The standard deviations for both the distributions.
c.
Explanation of Solution
From above part, it is known that the standard deviations of owned and rented distributions are 1.63 and 1.31 respectively
Chapter 6 Solutions
The Practice of Statistics for AP - 4th Edition
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Statistics for Business and Economics (13th Edition)
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