Introduction to Statistics and Data Analysis
5th Edition
ISBN: 9781305115347
Author: Roxy Peck; Chris Olsen; Jay L. Devore
Publisher: Brooks Cole
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Textbook Question
Chapter 9.4, Problem 53E
The following quote is from the article “Credit Card Debt Rises Faster for Seniors” (USA TODAY, July 28, 2009):
The study, which will be released today by Demos a liberal public policy group, shows that low- and middle-income consumers 65 and older carried $10,235 in average credit card debt last year.
What additional information would you want in order to evaluate the accuracy of this estimate? Explain.
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Question 2: When John started his first job, his first end-of-year salary was $82,500. In the following years, he received salary raises as shown in the following table.
Fill the Table: Fill the following table showing his end-of-year salary for each year. I have already provided the end-of-year salaries for the first three years. Calculate the end-of-year salaries for the remaining years using Excel. (If you Excel answer for the top 3 cells is not the same as the one in the following table, your formula / approach is incorrect) (2 points)
Geometric Mean of Salary Raises: Calculate the geometric mean of the salary raises using the percentage figures provided in the second column named “% Raise”. (The geometric mean for this calculation should be nearly identical to the arithmetic mean. If your answer deviates significantly from the mean, it's likely incorrect. 2 points)
Hint for the first part of question 2: To assist you with filling out the table in the first part of the question,…
Consider a sample with data values of 27, 25, 20, 15, 30, 34, 28, and 25. Compute the range, interquartile range, variance, and standard deviation (to a maximum of 2 decimals, if decimals are necessary).
Range
Interquartile range
Variance
Standard deviation
Perform a Step by step following tests in Microsoft Excel. Each of the following is 0.5 points, with a total of 6 points. Provide your answers in the following table.
Median
Standard Deviation
Minimum
Maximum
Range
1st Quartile
2nd Quartile
3rd Quartile
Skewness; provide a one sentence explanation of what does the skewness value indicates
Kurtosis; provide a one sentence explanation of what does the kurtosis value indicates
Make a labelled histogram; no point awarded if it is not labelled
Make a labelled boxplot; no point awarded if it is not labelled
Data
27
30
22
25
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26
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25
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Chapter 9 Solutions
Introduction to Statistics and Data Analysis
Ch. 9.1 - Three different statistics are being considered...Ch. 9.1 - a. Why is an unbiased statistic generally...Ch. 9.1 - Prob. 3ECh. 9.1 - Prob. 4ECh. 9.1 - Each person in a random sample of 20 students at a...Ch. 9.1 - Suppose that each of 935 smokers received a...Ch. 9.1 - Given below are the sodium contents (in mg) for...Ch. 9.1 - A random sample of n = 12 four-year-old red pine...Ch. 9.1 - A random sample of 10 houses heated with natural...Ch. 9.2 - Prob. 10E
Ch. 9.2 - The formula used to calculate a large-sample...Ch. 9.2 - Prob. 12ECh. 9.2 - Discuss how each of the following factors affects...Ch. 9.2 - Prob. 14ECh. 9.2 - Based on data from a survey of 1200 randomly...Ch. 9.2 - Prob. 16ECh. 9.2 - If a hurricane was headed your way, would you...Ch. 9.2 - Prob. 18ECh. 9.2 - Prob. 19ECh. 9.2 - Prob. 20ECh. 9.2 - Prob. 21ECh. 9.2 - Prob. 22ECh. 9.2 - Prob. 23ECh. 9.2 - Prob. 24ECh. 9.2 - Prob. 25ECh. 9.2 - Prob. 26ECh. 9.2 - Prob. 27ECh. 9.2 - The Gallup Organization conducts an annual survey...Ch. 9.2 - The article Hospitals Dispute Medtronic Data on...Ch. 9.2 - Prob. 30ECh. 9.2 - A discussion of digital ethics appears in the...Ch. 9.2 - In spite of the potential safety hazards, some...Ch. 9.2 - Prob. 33ECh. 9.3 - Given a variable that has at distribution with the...Ch. 9.3 - The formula used to calculate a confidence...Ch. 9.3 - USA TODAY reported that the average amount of...Ch. 9.3 - Samples of two different models of cars were...Ch. 9.3 - Prob. 38ECh. 9.3 - In a study of academic procrastination, the...Ch. 9.3 - Medical research has shown that repeated wrist...Ch. 9.3 - Prob. 41ECh. 9.3 - Prob. 42ECh. 9.3 - Suppose that a random sample of 50 bottles of a...Ch. 9.3 - Prob. 44ECh. 9.3 - The article The Association Between Television...Ch. 9.3 - Prob. 46ECh. 9.3 - Because of safety considerations, in May 2003 the...Ch. 9.3 - Example 9.3 gave the following airborne times (in...Ch. 9.3 - Prob. 49ECh. 9.3 - Five students visiting the student health center...Ch. 9.3 - The Bureau of Alcohol, Tobacco, and Firearms...Ch. 9.3 - The formula described in this section for...Ch. 9.4 - The following quote is from the article Credit...Ch. 9.4 - Authors of the news release titled Major Gaps...Ch. 9.4 - The paper The Curious Promiscuity of Queen Honey...Ch. 9 - Prob. 56CRCh. 9 - Prob. 57CRCh. 9 - Prob. 58CRCh. 9 - Prob. 59CRCh. 9 - Prob. 60CRCh. 9 - Prob. 61CRCh. 9 - A manufacturer of small appliances purchases...Ch. 9 - Prob. 63CRCh. 9 - A manufacturer of college textbooks is interested...Ch. 9 - Prob. 65CRCh. 9 - The confidence intervals presented in this chapter...Ch. 9 - Prob. 67CRCh. 9 - The interval from 2.33 to 1.75 captures an area of...Ch. 9 - Prob. 69CR
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