Explore BrainMass
Share

Basic Statistical Calculations

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

1. The estimated daily living costs for an executive traveling to various major cities follow. The estimates include a single room at a four-star hotel, beverages, breakfast, taxi fares, and incidental costs.

City Daily Cost City Daily Cost

Bangkok $242.87 Madrid $283.56
Bogota 260.93 Mexico City 212.00
Bombay 139.16 Milan 284.08
Cairo 194.19 Paris 436.72
Dublin 260.76 Rio de Janeiro 240.87
Frankfort 355.36 Seoul 310.41
Hong Kong 346.32 Tel Aviv 223.73
Johannesburg 165.37 Toronto 181.25
Lima 250.08 Warsaw 238.20
London 326.76 Washington D.C. 250.61

a) Compute the sample mean.
b) Compute the sample standard deviation.
c) Compute a 95% confidence interval for the population mean.

© BrainMass Inc. brainmass.com October 25, 2018, 3:35 am ad1c9bdddf
https://brainmass.com/statistics/dispersion-and-spread-of-data/basic-statistical-calculations-346098

Solution Summary

This problem demontrates several basic statistical computations. The student will learn how to calculate a sample mean and standard deviation and how to form a confidence interval (assuming a normal distribution) for the population mean from the given data.

$2.19
See Also This Related BrainMass Solution

Performing basic statistical calculations using excel

1)Two thousand six hundred frequent business travelers are asked which midwestern city they prefer: Indianapolis, Saint Louis, Chicago, or Milwaukee. 113 liked Indianapolis best, 455 liked Saint Louis, 1395 liked Chicago, and the remainder preferred Milwaukee. Develop a frequency table and a relative frequency table to summarize this information. (Round relative frequency to 3 decimal places.)

City Frequency Relative Frequency
Indianapolis

St. Louis

Chicago

Milwaukee

2)
A small business consultant is investigating the performance of several companies. The fourth-quarter sales for last year (in thousands of dollars) for the selected companies were:

Company Fourth-Quarter Sales
($ thousands)
Hoden Building Products $ 1,645.2
J & R Printing Inc. 4,757.0
Long Bay Concrete Construction 8,913.0
Mancell Electric and Plumbing 627.1
Maxwell Heating and Air Conditioning 24,612.0
Mizelle Roofing & Sheet Metals 191.9
________________________________________

The consultant wants to include a chart in his report comparing the sales of the six companies.

Identify a bar chart that compares the fourth-quarter sales of these corporations.

3)
The Quick Change Oil Company has a number of outlets in the metropolitan Seattle area. The daily number of oil changes at the Oak Street outlet in the past 20 days are:

65 98 55 62 79 59 51 90 72 56
70 62 66 80 94 79 63 73 71 85

The data are to be organized into a frequency distribution.

a. How many classes would you recommend?

Number of classes

d. Organize the number of oil changes into a frequency distribution. (Round relative frequency answers to 2 decimal places.)

f Relative frequency
50 up to 60

up to

up to

up to

up to

________________________________________ ________________________________________
Total

________________________________________________________________________________ ________________________________________________________________________________
________________________________________


4)
The food services division of Cedar River Amusement Park Inc. is studying the amount that families who visit the amusement park spend per day on food and drink. A sample of 40 families who visited the park yesterday revealed they spent the following amounts:

$77 $18 $63 $84 $38 $54 $50 $59 $54 $56 $36 $26 $50 $34 $44
41 58 58 53 51 62 43 52 53 63 62 62 65 61 52
60 60 45 66 83 71 63 58 61 71

a. Organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. What class interval did you select? (Round your answer to the nearest whole number.)

Class interval

b. Where do the data tend to cluster? (Select all that apply.)

$35 up to $45
$45 up to $55
$35 up to $45
$55 up to $65
$75 up to $85


5)
Ecommerce.com, a large Internet retailer, is studying the lead time (elapsed time between when an order is placed and when it is filled) for a sample of recent orders. The lead times are reported in days.

Lead Time (days) Frequency
0 up to 5 6
5 up to 10 7
10 up to 15 12
15 up to 20 8
20 up to 25 7
________________________________________
Total 40
________________________________________________________________________________
________________________________________

a. How many orders were studied?

Number of orders

b. What is the midpoint of the first class? (Round your answer to 1 decimal place.)

Midpoint

c. What are the coordinates of the first class for a frequency polygon assuming we draw a frequency polygon using the midpoints? (Round your answer to 1 decimal place.)

x = , y =


6)
The following cumulative frequency polygon shows the selling price ($000) of houses sold in the Billings, Montana, area.

a. How many homes were studied?

Number of homes

b. What is the class interval?

Class interval

c. One hundred homes sold for less than what amount?

Sold price $
approximately.

d. About 75% of the homes sold for less than what amount?

Sold price $
approximately.

e. Estimate the number of homes in the $150,000 up to $200,000 class.

Amount

f. About how many homes sold for less than $225,000?

Amount

View Full Posting Details