Example: Students taking an intro stats class reported the number of credit hours that they were...
Students taking an Introduction to Macroeconomics class reported the number of credit hours that they were taking in the current semester. Summary statistics are shown in the table below. For tuition the college charges $73 per credit hour plus a flat student fee of $34 per semester. For example, a student taking 12 credit hours would pay $34 + $73*(12) = $910 for that semester. Summary Statistics for Credit Hours s min Q1 median Q3 max 14.2 3.2 11 13.9...
Question 1. Thirty graduate students were asked how many credit hours they were taking in the current quarter. Download the available data: Calculate the mean, median, standard deviation, variance, and range for this sample using Excel. Write a sentence explaining what each measure means. What is the standard error of the mean based on the data? What would be the best point estimate for the population credit hours? (“Population” refers to all graduate students’ credit hours in the universe.) What...
Date: Names Directions: You must work with one or two other students on this take-home exam and you may use your textbook. Your work answering Questions 1 and 2 can be shared, but each of you must do your own Question 3, where each of you will pose your own question based on the data. Only one project will be turned for each team, consisting of joint answers for Questions 1 and 2, and as many Questions 3 answers are...
objective question What is the mode and the mean for the following set of numbers? {4,9,8,2,16,4,4,8,9,6} O A. Mean = 7, mode =8 O B. Mean = 7, mode =4 O C. Mean = 6, mode =8 O D. Mean = 8, mode =9 You are conducting a survey of the people of the United Kingdom to find out how popular the racket sports are. You randomly choose people to call, and make 1,000 phone calls to people scattered across...