Question

A marketing researcher asked 70 adults how many times they went out to a movie in...

A marketing researcher asked 70 adults how many times they went out to a movie in the last month. Find the standard deviation for the survey responses summarized in the table below:

x

0

1

2

3

4

5

8

10

12

15

20

f

12

16

12

10

12

2

1

1

2

1

1

The following data are the price of gas at 15 gas stations (in $/gallon):     

2.46 2.49 2.54 2.59 2.60 2.75 2.75 2.76   2.78   2.79 2.79 2.79 2.81 2.92 3.06

              (a) Find the mean and standard deviation for the given data.

              (b) What proportion of the data lies within:

                     * one standard deviation of the mean

                     * two standard deviations of the mean

                     * three standard deviations of the mean?

Homework Answers

Answer #1

1)

X f X*f (X-X_bar)^2 (X-X_bar)^2*f
0 12 0 8.576530612 102.9183673
1 16 16 1 16
2 12 24 4 48
3 10 30 9 90
4 12 48 16 192
5 2 10 25 50
8 1 8 64 64
10 1 10 100 100
12 2 24 144 288
15 1 15 225 225
20 1 20 400 400
Sum 70 205 Sum 1575.918367
Mean 2.9285714

Mean=

Standard deviation:

2)a) Mean=

Standard deviation:

b) One standard deviation of the mean:

: 10/15 =0.66667

two standard deviations of the mean:

: 14/15 =0.9333

three standard deviations of the mean:

: 15/15 =1

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Use the magnitudes (Richter scale) of the 120 earthquakes listed in the accompanying data table. Use...
Use the magnitudes (Richter scale) of the 120 earthquakes listed in the accompanying data table. Use technology to find the range, variance, and standard deviation. If another value, 8.00 is added to those listed in the data set, do the measures of variation change much? The table of magnitudes. 3.28 2.45 2.53 2.43 2.77 2.40 2.22 2.41 1.90 1.44 2.84 1.74 1.99 2.36 2.31 2.71 4.67 2.90 3.41 2.73 2.78 3.41 3.95 2.97 3.85 3.48 3.08 2.92 2.71 3.59 2.86...
1.Conservationists have despaired over destruction of tropical rain forest by logging, clearing, and burning." These words...
1.Conservationists have despaired over destruction of tropical rain forest by logging, clearing, and burning." These words begin a report on a statistical study of the effects of logging in Borneo. Here are data on the number of tree species in 12 unlogged forest plots and 9 similar plots logged 8 years earlier: Unlogged 22 18 22 20 15 21 13 13 19 13 19 15 Logged 17 4 18 14 18 15 15 10 12 Use the data to give...
In a recent survey, a group of teenagers was asked to indicate how many hours they...
In a recent survey, a group of teenagers was asked to indicate how many hours they spent playing video games in a typical week. After dividing the data by gender, researchers are left with the following data: BY HAND: Calculate the mean hours spent playing video games and the standard deviation for both males (n = 30) and females (n = 22) BY HAND: compare the means and see if there is a significant difference (with 95% confidence, z =...
The manufacturing process at a factory produces ball bearings that are sold to automotive manufacturers. The...
The manufacturing process at a factory produces ball bearings that are sold to automotive manufacturers. The factory wants to estimate the average diameter of a ball bearing that is in demand to ensure that it is manufactured within the specifications. Suppose they plan to collect a sample of 50 ball bearings and measure their diameters to construct a 90% and 99% confidence interval for the average diameter of ball bearings produced from this manufacturing process. The sample of size 50...
Consider the data contained in the table below, which lists 30 monthly excess returns to two...
Consider the data contained in the table below, which lists 30 monthly excess returns to two different actively managed stock portfolios (A and B) and three different common risk factors (1, 2, and 3). (Note: You may find it useful to use a computer spreadsheet program such as Microsoft Excel to calculate your answers.) Period Portfolio A Portfolio B Factor 1 Factor 2 Factor 3 1 1.02 % 0.00 % 0.02 % -0.94 % -1.62 % 2 7.52 6.64 6.82...
Q) Over the past few years the percentage of students who leave Lakeland College at the...
Q) Over the past few years the percentage of students who leave Lakeland College at the end of the first year has increased. Last year Lakeland started a voluntary one-week orientation program to help first-year students adjust to campus life. If Lakeland is able to show that the orientation program has a positive effect on retention, they will consider making the program a requirement for all first-year students. Lakeland’s administration also suspects that students with lower GPAs have a higher...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT