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Statistics for Business and Economics Study Set 5
Quiz 3: Describing Data: Numerical Measures
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Question 181
Multiple Choice
(i. The median for the distribution of number of sales per hour is 7 sales per hour. (ii. The first quartile for the distribution of number of sales per hour is 7 sales per hour. (iii) For the distribution of number of sales per hour, 50% of the observations are between 3 and 7.5.
Question 182
Multiple Choice
Calculate the Software Coefficient of Skewness for the following data: 5 5 7 7 7.
Question 183
Multiple Choice
(i. The range for laminate flooring is 0 or none. (ii. The standard deviation for nylon carpet is 6.64 cents (iii) The range for nylon carpet is $0.12 or 12 cents.
Question 184
Multiple Choice
(i. The range for laminate flooring is 0 or none. (ii. The variance for laminate flooring is 1. (iii) The range for nylon carpet is $0.12 or 12 cents.
Question 185
Multiple Choice
(i. Correct to two decimal places, the sample standard deviation is approximately 25.99. (ii. Correct to two decimal places, the sample variance is approximately 675.25. (iii) The range is approximately 100.