Exam Guideline

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1

The percentage of unemployed workers in each of 20 randomly selected cities are as

follows:
3.1
5.4

4.5
3.8

8.2
7.2

1.4
3.8

6.3
4.6

1.8
7.2

2.4
2.5

8.8
4.8

a) Calculate the 20th percentile.

b) Calculate the 40th percentile.

c) Calculate the 65th percentile.

d) Calculate the 85th percentile

Answers:

a) 2.4

b) 3.75

c) 4.7

d) 7.2

1.9
3.7

2.4
4.2

The 1996-97 average starting salary for new college graduates in accounting was $30,393
(U.S. News Online, U.S. News and World Report, December 1997). A sample of starting
salaries follows. Data are in thousands of dollars.
30.7
29.7
31.2
32.2
32.2
32.7

28.8
30.7
32.1
29.9
30.3
29.3

29.1
30.0
30.2
28.9
30.4
30.3

31.1
30.6
30.3
30.6
32.3
30.9

30.1
30.5
32.9
31.8
33.3
30.3

a) What is the mean starting salary?

b) What is the median starting salary?

c) What is the mode?

d) What is the first quartile?

e) What is the third quartile?

f) Do these data seem consistent with the U.S. News & World Report finding?

Answers:

a) 30.78

b) 30.55

c) 30.3

d) 30.1

e) 31.8

f) Yes

Consider the following frequency distribution based on a set of sample data:

X
f

0
10

1
17

2
14

3
9

4
3

5
1

a) What is the sample size?

b) What is the relative frequency of X = 2?

c) What type of frequency distribution is this?

d) Generate the set of cumulative frequencies.

e) The value X = 2 occupies what positions in the ordered data set?

Answers:

a) 54

b) 0.259

d) 10 27 41 50 53 54
4

c) ungrouped data with frequency

e) 28th - 41th

Advertising expenditures constitute one of the important components of the cost of goods
sold. From the following data giving the advertising expenditures (in millions of dollars)
of 50 companies, approximate the mean, median, and standard deviation of advertising
expenditure.

Answer:

Advertising Expenditure
25 and under 35
35 and under 45
45 and under 55
55 and under 65
65 and under 75
Total
mean = 49.6 median = 46.8182

Number of companies
5
18
11
6
10
50
standard deviation = 13.086832

Given the following data, compute the following:

Age (in years)
20 - 24
25 - 29
30 - 34
35 - 39
40 - 44
45 - 49
50 - 54
55 - 59

Frequency
10
19
27
16
10
6
5
3

a) Mean
b) Median
c) Mode
d) Variance
e) Range
f) First quartile
g) Second quartile
h) 45th percentile

Answers:

a) 34.604

b) 33.0185

g) 33.0185

c) 32

h) 32.12963

d) 78.41

e) 35 f) 28.1842

An educator wants to see how strong the relationship is between a students score on a
test and his or her grade-point average. The data obtained from the sample are shown.
Test score (X)
GPA (Y)

98
2.1

105
2.4

100
3.2

100
2.7

Computed the value of bo and b1.

Find the regression equation.

Computed the Coefficient of determination.

Interpret the meaning of b1.

Answers:

a) -3.7895

b)

106
2.2

^y =3.7895+0.063 ( x )

95
2.3

116 112
3.8 3.4

c) 0.517

d) For each one unit increase in x, y changes on the average by 0.063.

b
Therefore, 1 represents the predicted change in y per unit change in x.

A lopsided coin provides a 60% chance of head on each toss. If the coin in tossed 20 times,
determine the probabilities of obtaining the following number of heads.

Answers:

Less than or equal to 18

Equal to 19

Less than 15

a) 0.9995

b) 0.0005

c) 0.8744