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
Drawing a Box-and-Whisker Plot In Exercises 15–18,
(b) draw a box-and-whisker plot that represents the data set.
4 7 7 5 2 9 7 6 8 5 8 4 1 5 2 8 7 6 6 9
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.
Extending Concepts
Trimmed Mean To find the 10% trimmed mean of a data set, order the data, delete the lowest 10% of the entries and the highest 10% of the entries, and find the mean of the remaining entries.
b. Compare the four measures of central tendency, including the midrange.
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.