Using and Interpreting Concepts
Using and Interpreting Concepts Finding Quartiles, Interquartile Range, and Outliers In Exercises 11 and 12,
(b) find the interquartile range
56 63 51 60 57 60 60 54 63 59 80 63 60 62 65
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Using and Interpreting Concepts
Using and Interpreting Concepts Finding Quartiles, Interquartile Range, and Outliers In Exercises 11 and 12,
(b) find the interquartile range
56 63 51 60 57 60 60 54 63 59 80 63 60 62 65
Hourly Earnings Refer to the data set in Exercise 26 and the box-and-whisker plot you drew that represents the data set.
b. What percent of the employees made more than \$23.39 per hour?
Mean Absolute Deviation Another useful measure of variation for a data set is the mean absolute deviation (MAD). It is calculated by the formula
MAD = Σ |x − x̄| / n.
b. Find the mean absolute deviation of the data set in Exercise 16. Compare your result with the sample standard deviation obtained in Exercise 16.
Life Spans of Tires A brand of automobile tire has a mean life span of 35,000 miles, with a standard deviation of 2250 miles. Assume the life spans of the tires have a bell-shaped distribution.
b. The life spans of three randomly selected tires are 30,500 miles, 37,250 miles, and 35,000 miles. Using the Empirical Rule, find the percentile that corresponds to each life span.
Use the ogive to approximate
the height for which the cumulative frequency is 15.
What Would You Do? You work at a bank and are asked to recommend the amount of cash to put in an ATM each day. You do not want to put in too much (which would cause security concerns) or too little (which may create customer irritation). The daily withdrawals (in hundreds of dollars) for 30 days are listed. 72 84 61 76 104 76 86 92 80 88 98 76 97 82 84 67 70 81 82 89 74 73 86 81 85 78 82 80 91 83
If you put \$9000 in the ATM each day, what percent of the days in a month should you expect to run out of cash? Explain.