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Essentials of Business Analytics Study Set 1
Quiz 2: Descriptive Statistics
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Question 41
Multiple Choice
The College Board reported that, in 2014, the mean Math Level 2 SAT subject test score was 686 with a standard deviation of 96. Assuming scores follow a bell-shaped distribution, use the empirical rule to find the percentage of students who scored less than 494.
Question 42
Essay
A survey on the most preferred newspaper in the USA listed The New York Times(TNYT), Washington Post(WP), Daily News(DN), New York Post(NYP), and Los Angeles Times (LAT) as the top five most preferred newspapers. The table below shows the preferences of 50 citizens.
TNYT
WP
NYP
WP
TNYT
DN
TNYT
LAT
WP
WP
DN
LAT
TNYT
TNYT
NYP
NYP
TNYT
WP
LAT
NYP
LAT
WP
DN
WP
LAT
WP
DN
TNYT
DN
DN
TNYT
THYT
LAT
TNYT
NYP
LAT
LAT
NY
WP
DN
WP
WP
TNYT
DN
TNYT
TNYT
DN
NYP
TNYT
WP
\begin{array} { l l l l l } \text { TNYT } & \text { WP } & \text { NYP } & \text { WP } & \text { TNYT } \\\text { DN } & \text { TNYT } & \text { LAT } & \text { WP } & \text { WP } \\\text { DN } & \text { LAT } & \text { TNYT } & \text { TNYT } & \text { NYP } \\\text { NYP } & \text { TNYT } & \text { WP } & \text { LAT } & \text { NYP } \\\text { LAT } & \text { WP } & \text { DN } & \text { WP } & \text { LAT } \\\text { WP } & \text { DN } & \text { TNYT } & \text { DN } & \text { DN } \\\text { TNYT } & \text { THYT } & \text { LAT } & \text { TNYT } & \text { NYP } \\\text { LAT } & \text { LAT } & \text { NY } & \text { WP } & \text { DN } \\\text { WP } & \text { WP } & \text { TNYT } & \text { DN } & \text { TNYT } \\\text { TNYT } & \text { DN } & \text { NYP } & \text { TNYT } & \text { WP }\end{array}
TNYT
DN
DN
NYP
LAT
WP
TNYT
LAT
WP
TNYT
WP
TNYT
LAT
TNYT
WP
DN
THYT
LAT
WP
DN
NYP
LAT
TNYT
WP
DN
TNYT
LAT
NY
TNYT
NYP
WP
WP
TNYT
LAT
WP
DN
TNYT
WP
DN
TNYT
TNYT
WP
NYP
NYP
LAT
DN
NYP
DN
TNYT
WP
a. Are these data categorical or quantitative? b. Provide frequency and percent frequency distributions. c. On the basis of the sample, which newspaper is preferred the most?
Question 43
Multiple Choice
Scores on Ms. Bond's test have a mean of 70 and a standard deviation of 11. David has a score of 52 on Ms. Bond's test. Scores on Ms. Nash's test have a mean of 64 and a standard deviation of 6. Steven has a score of 52 on Ms. Nash's test. Which student has the higher standardized score?
Question 44
Essay
Suppose that you make a fixed deposit of $1,000 in Bank X and $500 in Bank Y. The value of each investment at the end of each subsequent year is provided in the table.
Y ear
Bank X
(
$
)
Bank Y
(
$
)
1
1
,
320
560
2
1
,
510
620
3
1
,
750
680
4
2
,
090
740
5
2
,
240
790
6
2
,
470
820
7
2
,
830
870
8
3
,
220
910
9
3
,
450
950
10
3
,
690
990
\begin{array} { l | c | c } \text { Y ear } & \text { Bank X } ( \$ ) & \text { Bank Y } ( \$ ) \\\hline 1 & 1,320 & 560 \\2 & 1,510 & 620 \\3 & 1,750 & 680 \\4 & 2,090 & 740 \\5 & 2,240 & 790 \\6 & 2,470 & 820 \\7 & 2,830 & 870 \\8 & 3,220 & 910 \\9 & 3,450 & 950 \\10 & 3,690 & 990\end{array}
Y ear
1
2
3
4
5
6
7
8
9
10
Bank X
(
$
)
1
,
320
1
,
510
1
,
750
2
,
090
2
,
240
2
,
470
2
,
830
3
,
220
3
,
450
3
,
690
Bank Y
(
$
)
560
620
680
740
790
820
870
910
950
990
Which of the two banks provides a better return over this time period?
Question 45
Essay
Suppose that the average time an employee takes to reach the office is 35 minutes. To address the issue of late comers, the mode of transport chosen by the employee is tracked: private transport (two-wheelers and four-wheelers) and public transport. The data on the average time (in minutes) taken using both a private transportation system and a public transportation system for a sample of employees are given below.
Private Transport
Public Transport
27
30
33
29
28
25
32
20
20
27
34
32
30
37
28
38
18
21
29
35
\begin{array} { c | c } \text { Private Transport } & \text { Public Transport } \\\hline 27 & 30 \\33 & 29 \\28 & 25 \\32 & 20 \\20 & 27 \\34 & 32 \\30 & 37 \\28 & 38 \\18 & 21 \\29 & 35\end{array}
Private Transport
27
33
28
32
20
34
30
28
18
29
Public Transport
30
29
25
20
27
32
37
38
21
35
a. Considering the travel times (in minutes) of employees using private transport, compute the z-score for the tenth employee with travel time of 29 minutes. b. Considering the travel times (in minutes) of employees using public transport, compute the z-score for the second employee with travel time of 29 minutes. How does this z-score compare with the z-score you calculated for part a? c. Based on z-scores, do the data for employees using private transport and public transport contain any outliers?
Question 46
Essay
Consider the following data on income and savings of a sample of residents in a locality:
Income ($ thousands)
Savings ($ thousands)
50
10
51
11
52
13
55
14
56
15
58
15
60
16
62
16
65
17
66
17
\begin{array} { c | c } \text { Income (\$ thousands) } & \text { Savings (\$ thousands) } \\\hline 50 & 10 \\51 & 11 \\52 & 13 \\55 & 14 \\56 & 15 \\58 & 15 \\60 & 16 \\62 & 16 \\65 & 17 \\66 & 17\end{array}
Income ($ thousands)
50
51
52
55
56
58
60
62
65
66
Savings ($ thousands)
10
11
13
14
15
15
16
16
17
17
a. Compute the correlation coefficient. Is there a positive correlation between the income and savings? What is your interpretation? b. Show a scatter diagram of the relationship between the income and savings.
Question 47
Essay
Suppose that the average time an employee takes to reach the office is 35 minutes. To address the issue of late comers, the mode of transport chosen by the employee is tracked: private transport (two-wheelers and four-wheelers) and public transport. The data on the average time (in minutes) taken using both a private transportation system and a public transportation system for a sample of employees are given below.
Private Transport
Public Transport
27
30
33
29
28
25
32
20
20
27
34
32
30
37
28
38
18
21
29
35
\begin{array} { c | c } \text { Private Transport } & \text { Public Transport } \\\hline 27 & 30 \\33 & 29 \\28 & 25 \\32 & 20 \\20 & 27 \\34 & 32 \\30 & 37 \\28 & 38 \\18 & 21 \\29 & 35\end{array}
Private Transport
27
33
28
32
20
34
30
28
18
29
Public Transport
30
29
25
20
27
32
37
38
21
35
a. What are the mean and median travel times for employees using a private transport? What are the mean and median travel times for employees using a public transport? b. What are the variance and standard deviation of travel times for employees using a private transport? What are the variance and standard deviation of travel times for employees using a public transport? c. Comment on the results.
Question 48
Essay
A study on the average minutes spent by students on internet usage is 300 with a standard deviation of 102. Answer the following questions assuming a bell-shaped distribution and using the empirical rule. a. What percentage of students use internet for more than 402 minutes? b. What percentage of students use internet for more than 504 minutes? c. What percentage of students use internet between 198 minutes and 300 minutes?
Question 49
Multiple Choice
The College Board originally scaled SAT scores so that the scores for each section were approximately normally distributed with a mean of 500 and a standard deviation of 100. Assuming scores follow a bell-shaped distribution, use the empirical rule to find the percentage of students who scored less than 400.
Question 50
Essay
The partial relative frequency distribution is given below:
Group
Relative Frequency
1
0.15
2
0.32
3
0.29
\begin{array} { l | c } \text { Group } & \text { Relative Frequency } \\\hline 1 & 0.15 \\2 & 0.32 \\3 & 0.29\end{array}
Group
1
2
3
Relative Frequency
0.15
0.32
0.29
a. What is the relative frequency of group 4? b. The total sample size is 400. What is the frequency of group 4? c. Show the frequency distribution. d. Show the percent frequency distribution.
Question 51
Essay
A student willing to participate in a debate competition is required to fill out a registration form. State whether each of the following information about the participant provides categorical or quantitative data. a. What is your date of birth? b. Have you participated in any debate competition previously? c. If yes, in how many debate competitions have you participated so far? d. Have you won any of the competitions? e. If yes, how many have you won?
Question 52
Essay
The average time a customer service executive takes to resolve an issue on a mobile handset is 26.4 minutes. The average times taken to resolve the issue by a sample of 15 such executives are shown below.
Name
Time (in minutes)
Jack
25.3
Samantha
28.2
Richard
26.8
Steve
29.5
Mary
22.4
Sergio
21.7
John
24.3
Michelle
22.4
Linda
26.8
Mark
29.4
Matt
23.6
Polly
26.4
Sheila
23.5
Jeff
26.8
Gerald
28.1
\begin{array} { l | c } \text { Name } & \text { Time (in minutes) } \\\hline \text { Jack } & 25.3 \\\text { Samantha } & 28.2 \\\text { Richard } & 26.8 \\\text { Steve } & 29.5 \\\text { Mary } & 22.4 \\\text { Sergio } & 21.7 \\\text { John } & 24.3 \\\text { Michelle } & 22.4 \\\text { Linda } & 26.8 \\\text { Mark } & 29.4 \\\text { Matt } & 23.6 \\\text { Polly } & 26.4 \\\text { Sheila } & 23.5 \\\text { Jeff } & 26.8 \\\text { Gerald } & 28.1\end{array}
Name
Jack
Samantha
Richard
Steve
Mary
Sergio
John
Michelle
Linda
Mark
Matt
Polly
Sheila
Jeff
Gerald
Time (in minutes)
25.3
28.2
26.8
29.5
22.4
21.7
24.3
22.4
26.8
29.4
23.6
26.4
23.5
26.8
28.1
a. What is the mean resolution time? b. What is the median resolution time? c. What is the mode for these 15 executives? d. What is the variance and standard deviation? e. What is the third quartile?
Question 53
Essay
The results of a survey showed that, on average, children spend 5.6 hours at PlayStation per week. Suppose that the standard deviation is 1.7 hours and that the number of hours at PlayStation follows a bell-shaped distribution. a. Use the empirical rule to calculate the percentage of children who spend between 2.2 and 9 hours at PlayStation per week. b. What is the z-value for a child who spends 7.5 hours at PlayStation per week? c. What is the z-value for a child who spends 4.5 hours at PlayStation per week?
Question 54
Multiple Choice
Scores on Ms. Nash's test have a mean of 64 and a standard deviation of 9. Steve has a score of 52. Convert Steve's score to a z-score. (Round to two decimal places if necessary.)
Question 55
Multiple Choice
The College Board originally scaled SAT scores so that the scores for each section were approximately normally distributed with a mean of 500 and a standard deviation of 100. Assuming scores follow a bell-shaped distribution, use the empirical rule to find the percentage of students who scored greater than 700.
Question 56
Essay
Consider a sample on the waiting times (in minutes) at the billing counter in a grocery store to be 15, 24, 18, 15, 21, 20, 15, 22, 19, 16, 15, 22, 20, 15, and 21. Compute the mean, median, and mode.
Question 57
Essay
Eight observations taken for two variables are as follows:
x
i
y
i
11
35
13
32
17
26
18
25
22
20
24
17
26
11
28
10
\begin{array} { c | c } x _ { i } & y _ { i } \\\hline 11 & 35 \\13 & 32 \\17 & 26 \\18 & 25 \\22 & 20 \\24 & 17 \\26 & 11 \\28 & 10\end{array}
x
i
11
13
17
18
22
24
26
28
y
i
35
32
26
25
20
17
11
10
a. Develop a scatter diagram with x on the horizontal axis. b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. Compute and interpret the sample covariance. d. Compute and interpret the sample correlation coefficient.
Question 58
Essay
Consider a sample on the waiting times (in minutes) at the billing counter in a grocery store to be 15, 24, 18, 15, 21, 20, 15, 22, 19, 16, 15, 22, 20, 15, and 21. Compute the 25
th
, 50
th
, and 75
th
percentiles.