Chapter 3 - Numerical Descriptive Measures 1. Which of the following statistics is not a measure of central tendency? a) Arithmetic mean. b) Median.

c) Mode. d) Q3. 2. Which of the arithmetic mean, median, and mode are resistant measures of central tendency? a) The arithmetic mean and median only. b) The median and mode only. c) The mode and arithmetic mean only. d) All the three are resistant measures. 3. Which of the following statements about the median is not true? a) It is more affected by extreme values than the arithmetic mean. b) It is a measure of central tendency. c) It is equal to Q2. d) It is equal to the mode in bell-shaped "normal" distributions. 4. In a perfectly symmetrical distribution a) the range equals the interquartile range. b) the interquartile range equals the arithmetic mean. c) the median equals the arithmetic mean. d) the variance equals the standard deviation. 5. In general, which of the following descriptive summary measures cannot be easily approximated from a boxplot? a) The variance. b) The range. c) The interquartile range. d) The median. 6. Which descriptive summary measures are considered to be resistant statistics? a) The arithmetic mean and standard deviation. b) The interquartile range and range. c) The mode and variance. d) The median and interquartile range. 7. In right-skewed distributions, which of the following is the correct statement?

a) The distance from Q1 to Q2 is larger than the distance from Q2 to Q3. b) The distance from Q1 to Q2 is smaller than the distance from Q2 to Q3. c) The arithmetic mean is smaller than the median. d) The mode is larger than the arithmetic mean. 8. In left-skewed distributions, which of the following is the correct statement? a) The distance from Q1 to Q2 is smaller than the distance from Q2 to Q3. b) The distance from the smallest observation to Q1 is larger than the distance from Q3 to the largest observation. c) The distance from the smallest observation to Q2 is smaller than the distance from Q2 to the largest observation. d) The distance from Q1 to Q3 is twice the distance from the Q1 to Q2. 9. According to the empirical rule, if the data form a "bell-shaped" normal distribution, _______ percent of the observations will be contained within 1 standard deviation around the arithmetic mean. a) 68.26 b) 75.00 c) 88.89 d) 93.75 10. Which of the following is NOT a measure of central tendency? a) The arithmetic mean. b) The median. c) The mode. d) The interquartile range. 11. Which of the following is sensitive to extreme values? a) The median. b) The interquartile range. c) The arithmetic mean. d) The 1st quartile. 12. According to the Chebyshev rule, at least 75% of all observations in any data set are contained within a distance of how many standard deviations around the mean? a) 1 b) 2 c) 3 d) 4

13. According to the Chebyshev rule, at least what percentage of the observations in any data set are contained within a distance of 3 standard deviations around the mean? a) 67% b) 75% c) 88.89% d) 99.7% 3 14. According to the Chebyshev rule, at least what percentage of the observations in any data set are contained within a distance of 2 standard deviations around the mean? a) 67% b) 75% c) 88.89% d) 95% TABLE 3-1 Health care issues are receiving much attention in both academic and political arenas. A sociologist recently conducted a survey of citizens over 60 years of age whose net worth is too high to qualify for Medicaid and have no private health insurance. The ages of 25 uninsured senior citizens were as follows: 60 61 62 63 64 65 66 68 68 69 70 73 73 74 75 76 76 81 81 82 86 87 89 90 92 15. Referring to Table 3-1, calculate the arithmetic mean age of the uninsured senior citizens to the nearest hundredth of a year. 74.04 years 16. Referring to Table 3-1, identify the median age of the uninsured senior citizens. 73 years 17. Referring to Table 3-1, identify the first quartile of the ages of the uninsured senior citizens. 65.5 years 18. Referring to Table 3-1, identify the third quartile of the ages of the uninsured senior citizens. 81.5 years 19. Referring to Table 3-1, identify the interquartile range of the ages of the uninsured senior citizens. 16 years

20. Referring to Table 3-1, identify which of the following is the correct statement. a) One fourth of the senior citizens sampled are below 65.5 years of age. b) The middle 50% of the senior citizens sampled are between 65.5 and 73.0 years of age. c) The average age of senior citizens sampled is 73.5 years of age. d) All of the above are correct. 21. Referring to Table 3-1, identify which of the following is the correct statement. a) One fourth of the senior citizens sampled are below 64 years of age. b) The middle 50% of the senior citizens sampled are between 65.5 and 73.0 years of age. c) 25% of the senior citizens sampled are older than 81.5 years of age. d) All of the above are correct. 22. Referring to Table 3-1, what type of shape does the distribution of the sample appear to have? Slightly positive or right-skewed. 23. Referring to Table 3-1, calculate the variance of the ages of the uninsured senior citizens correct to the nearest hundredth of a year squared. 94.96 years^2 24. Referring to Table 3-1, calculate the standard deviation of the ages of the uninsured senior citizens correct to the nearest hundredth of a year. 9.74 years 25. Referring to Table 3-1, calculate the coefficient of variation of the ages of the uninsured senior citizens. 13.16% 51. If the arithmetic mean of a numerical data set exceeds the median, the data are considered to be _______ skewed. positive or right TABLE 3-6 The rate of return of an Internet Service Provider over a 10 year period are: 10.25%, 12.64%, 8.37%, 9.29%, 6.23%, 42.53%, 29.23%, 15.25%, 21.52%, -2.35%. 26.. Referring to Table 3-6, compute the arithmetic mean rate of return. ANWER: 15.30%

TABLE 3-10 The following table represents the assets in billions of dollars of the five largest bond funds. Bond Fund Vanguard GNMA Vanguard Total Bond Mkt. Index Bond Fund of America A Franklin Calif. Tax-Free Inc. A Vanguard Short-Term Corp. Assets (Billions $) 19.5 16.8 13.7 12.8 10.9

27.. Referring to Table 3-10, what is the mean for this population of the five largest bond funds? $14.74 billions 28. Referring to Table 3-10, what are the variance and standard deviation for this population? 9.2984 squared billion dollars, $3.0493 billions, respectively