Ali Ali Ali Ali Ali
Ali Ali Ali Ali Ali
Ali Ali Ali Ali Ali
October 3, 2016
BUSI1066/ECON2115
Due:
Name _____Ali Al-
2.
3.
The President of Atlas Corp. is reviewing the warranty policy for his
company's new model of light truck batteries. Tests performed on a random
sample of 100 batteries indicated an average life of seven years under
normal usage. Jessica recommended a six-year warranty period for the new
model. This is an example of
a) descriptive statistics
b) inferential statistics
b)
c)
a)
b)
c)
Frequency Table
Delivery performance
Frequency
On Time
67
Early
22
Late
Lost
Total
100
Frequency
Relative Frequency
Relative Frequency
(percent)
On time
67
0.67
67%
Early
22
0.22
22%
Late
0.09
9%
Lost
0.02
2%
Total
100
100%
g)Estimate the price below which 85% of the houses were sold.
_________________
h)Estimate the number of houses sold for less than $190 thousand.
______________
7.The monthly issues of the Journal of Finance are available on the Internet.
The table below shows the number of times an issue was downloaded over
the last 33 months. Suppose that you wish to summarize the number of
downloads with a frequency distribution. YOU ARE NOT REQUIRED TO
CONSTRUCT A FREQUENCY DISTRIBUTION. YOU ARE REQUIRED TO SHOW
YOUR WORK for questions (a) and (b).
c) What quantity would you use for the lower limit of the first class?
___________
Part C Chapter Three (5 Marks, 1 for each correct answer unless indicated
otherwise)
8.Statistics Canada gathered the following sample data on number of hours
unemployed workers spent looking for work last week. Compute the mean
and standard deviation number of hours spent searching for work last
week. YOU MUST SHOW YOUR WORK.
Hours Spend
Searching
0 up to 10
10 up to 20
20 to 30
30 to 40
40 to 50
a)
Mean
Number of
unemployed
3
7
15
10
5
_______________
b)
9.The mean number of gallons of gasoline pumped at Rays Station is 9.5 with a
standard deviation of 0.75 gallons. The arithmetic mean amount of time
spent by a customer at the station is 6.5 minutes with a standard deviation
of 2 minutes.
a)According to Chebyshevs Theorem, what proportion (%) of customers
spend between 3.3 and 9.7 minutes at the station? _______________
(2 marks)
Part D Chapter Four (13 Marks, 1 for each correct answer unless indicated otherwise)
10.
Aloha Banking Co. is studying ATM use in suburban Honolulu. A sample of 30 ATMs showed they
were used the following number of times yesterday.
a)
11.
a)
Mean __________
b)
c)
12.
Median ________
d)
Pearsons Coefficient of Skewness __________
Use the following table of values to answer the following questions.
a)
b)
c)
d)
10
e)
Draw the boxplot showing all relevant values: XMIN , XMAX , Q1, Q2, Q3
and any outliers. (3 marks)
11