Introductory Statistics
1st Edition
ISBN: 9781938168208
Author: Barbara Illowsky, Susan Dean
Publisher: OpenStax College
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Textbook Question
Chapter 7, Problem 9P
Use the following information to answer the next four exercises: An unknown distribution has a
Find the sum that is two standard deviations above the mean of the sums.
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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 7 Solutions
Introductory Statistics
Ch. 7 - An unknown distribution has a mean of 45 and a...Ch. 7 - The length of time taken on the SAT for a group of...Ch. 7 - In an article on Flurry Blog. a gaming marketing...Ch. 7 - Cans of a cola beverage claim to contain 16...Ch. 7 - An unknown distribution has a mean of 45 and a...Ch. 7 - In a recent study reported Oct.29, 2012 on the...Ch. 7 - The mean number of minutes for app engagement by a...Ch. 7 - Use the information In Example 7.8, but use a...Ch. 7 - Use the information in Example 7.9, but change the...Ch. 7 - Based on data from the National Health Survey,...
Ch. 7 - According to Boeing data, the 757 airliner carries...Ch. 7 - In a city, 46 percent of the population favor the...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - True or False: only the sums of normal...Ch. 7 - In order for the sums of a distribution to...Ch. 7 - What three things must you know about a...Ch. 7 - An unknown distribution has a mean of 25 and a...Ch. 7 - An unknown distribution has a mean of 19 and a...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use (he following information to answer the next...Ch. 7 - Use (he following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Previously; De Anza statistics students estimated...Ch. 7 - Suppose that the distance of fly balls hit to the...Ch. 7 - According to the Internal Revenue Service, the...Ch. 7 - Suppose that a category of world-class runners are...Ch. 7 - The length of songs In a collectors [runes album...Ch. 7 - In 1940 the average size of a U.S. farm was 174...Ch. 7 - Determine which of the following are true and...Ch. 7 - The percent of fat calories that a pet-son m...Ch. 7 - The distribution of income in son Third World...Ch. 7 - Which of the following is NOT TRUE about the...Ch. 7 - The cost of unleaded gasoline in the Bay Area once...Ch. 7 - Which of the following is NOT TRUE about the...Ch. 7 - Suppose that the duration of a particular type of...Ch. 7 - Suppose that the weight of open boxes of cereal in...Ch. 7 - Salaries for teachers in a particular elementary...Ch. 7 - The attention span of a two-year-old is...Ch. 7 - The closing stock prices of 35 U.S. semiconductor...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following information to answer the next...Ch. 7 - Use the following (0 answer the next two...Ch. 7 - Use the following (0 answer the next two...Ch. 7 - Suppose In a local Kindergarten through 12th grade...Ch. 7 - Four friends, Janice. Barbara, Kathy and Roberta,...Ch. 7 - XN (60, 9). Suppose that you form random samples...Ch. 7 - Suppose that the length of research papers is...Ch. 7 - Salaries for teachers In a particular elementary...Ch. 7 - The average length of a maternity stay In a U.S....Ch. 7 - For each problem. wherever possible, provide...Ch. 7 - Men have an average weight of 172 pounds with a...Ch. 7 - M&M candies large candy bags have a claimed net...Ch. 7 - The Screw Right Company claims their 34 inch...Ch. 7 - Your company has a contract to perform preventive...Ch. 7 - A typical adult has an average IQ score of 105...Ch. 7 - Certain coins have an average weight of 5.201...
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