Beanie Babies. Beanie Babies are toy stuffed animals that have become valuable collector’s items. Beanie World Magazine provided the age, retired status, and value of 50 Beanie Babies. The data are saved in the BEANIE file, with several of the observations shown in the table below.
a. Summarize the retired/current status of the 50 Beanie Babies with an appropriate graph. Interpret the graph.
b. Summarize the values of the 50 Beanie Babies with an appropriate graph. Interpret the graph.
c. Use a graph to portray the relationship between a Beanie Baby’s value and its age. Do you detect a trend?
d. According to Chebyshev’s rule, what percentage of the age measurements would you expect to find in the intervals
e. What percentage of the age measurements actually fall into the intervals of part d? Compare your results with those of part d.
f. Repeat parts d and e for value.
BEANIE (Selected observations)
Name | Age (Months) as of Sept. 1998 | Retired (R) Current (C) | Value ($) |
1. Ally the Alligator | 52 | R | 55.00 |
2. Batty the Bat | 12 | C | 12.00 |
3. Bongo the Brown Monkey | 28 | R | 40.00 |
4. Blackie the Bear | 52 | C | 10.00 |
5. Bucky the Beaver | 40 | R | 45.00 |
⋮ | ⋮ | ⋮ | ⋮ |
46. Stripes the Tiger (Gold/Black) | 40 | R | 400.00 |
47. Teddy the 1997 Holiday Bear | 12 | R | 50.00 |
48. Tuffy the Terrier | 17 | C | 10.00 |
49. Tracker the Basset Hound | 5 | C | 15.00 |
50. Zip the Black Cat | 28 | R | 40.00 |
Source: Beanie World Magazine, Sept. 1998.
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