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Data Measuring

The document discusses quantitative methods for measuring data including calculating mean, median, mode, variance, standard deviation and interpreting different summary measures. It includes sample exercises involving calculating various summary measures for different data sets and identifying outliers.

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Sam Leong
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120 views3 pages

Data Measuring

The document discusses quantitative methods for measuring data including calculating mean, median, mode, variance, standard deviation and interpreting different summary measures. It includes sample exercises involving calculating various summary measures for different data sets and identifying outliers.

Uploaded by

Sam Leong
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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BE300 Quantitative Methods

Class Exercise 2 on Data Measuring (for week 10)


2.1 Multiple choices: choose one right answer for each question (However, there is one question containing one more right answer. Find it). 1) The value of the middle term in a ranked data set is called the a. mean b. median c. mode

2) Which of the following summary measures is/are influenced by extreme values? a. mean b. median c. mode d. range

3) Which of the following summary measures can be calculated for qualitative data? a. mean b. median c. mode

4) Which of the following can have more than one value? a. mean b. median c. mode

5) Which of the following is given by the difference between the largest and the smallest values of a data set? a. variance b. range c. mean

6) Which of the following is the mean of the squared deviations of x values from the mean? a. standard deviation b. population variance c. sample variance

7) The values of the variance and standard deviation are a. never negative b. always positive c. never zero

8) A summary measure calculated for the population data is called a. a population parameter b. a sample statistic c. an outlier

9) A summary measure calculated for the sample data is called a. a population parameter b. a sample statistic c. a boxplot

10) The first quartile is a value in a ranked data set such that a. about 75% of the values are smaller and about 25% are larger than this value

b. c.

about 50% of the values are smaller and about 50% are larger than this value about 25% of the values are smaller and about 75% are larger than this value

11) The third quartile is a value in a ranked data set such that a. b. c. about 75% of the values are smaller and about 25% are larger than this value about 50% of the values are smaller and about 50% are larger than this value about 25% of the values are smaller and about 75% are larger than this value

2.2 Refer to exercise 1.5, the randomly selected 25 students had a math examination, the results of which are listed below.

81 75 62 71

92 83

66 96

58 82

88 53

75 74

71 66

85 93

79 72

91 68

67 78

83

a. Calculate the mean, median, mode, variance and standard deviation for data on the marks of the first 10 students only. b. What is a better summary measure of central tendency for these data?

2.3 The following table 1 gives the frequency distributions of hourly wages (in pound sterling) for a British company (80 employees were surveyed), and table 2 gives the frequency distributions of hourly wages (in dollars) for a American company (120 employees were surveyed). Table 1 Frequency Distribution of Hourly Wages for the British Company Hourly Wages 4 to less than 6 6 to less than 8 8 to less than 10 10 to less than 12 12 to less than 14 14 to less than 16 Number of Employees 10 18 26 12 8 6

Table 2 Frequency Distribution of Hourly Wages for the American Company Hourly Wages 4 to less than 6 6 to less than 8 8 to less than 10 10 to less than 12 12 to less than 14 14 to less than 16 Number of Employees 16 34 26 22 17 5

a. Calculate the mean, variance and standard deviation for each company. b. Which company has more variability of hourly wages of employees surveyed?

2.4 The following are the incomes (in thousands of dollars) for a sample of 12 households. 23 17 32 60 22 52 29 38 42 92 27 46

a. Find the mean and median. Does these data have a mode? b. Prepare a box-and-whisker plot. c. Does this data set contain any outlier? If yes, what kind of outlier is it? Comment on the skewness of these data. d. Where do the incomes of 32 and 52 fall in relation to the incomes of 12 households? e. If this data contain an outlier, drop this value and recalculate the mean and median. Which of the two summary measures changes by a larger amount when you drop the outlier? f. Is the mean or the median a better summary measure for these data?

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