TOPIC 2 SUMMARIZING NUMERICAL DATA (Chapter 3) CE_02.

1
1. The XYZ Bank is interested in the number of times that customers use their credit cards in a given period. A sample of n=20 cardholders was taken and it was found that the number of times that they used their cards in this period were as follows: 1, 1, 2, 4, 6, 7, 7, 7, 8, 9, 10, 12, 16, 18, 18, 23, 25, 30, 31, 52 and a. Calculate the mean:

X
i 1

20

287

b. Find median:

c. Find mode:

d. Find first and third quartiles.

e. Calculate P18 and P61

f. Calculate Inter Quartile Range and determine if there are any outliers (mild or extreme)

g. Find the minimum and maximum values, then calculate the range.

h. It is given that

X
i 1

20

2 i

7217 . Calculate the variance and the standard deviation.

i. Calculate the coefficient of variation.

2. The table below gives the life (in hours of usage) of samples of 40 energy saving light bulbs produced by manufacturer A.
Manufacturer A 5814 7007 7645 7136 7043 8067 6429 7924 6342 6930 7654 8091 8038 8392 7816 8119 5544 6190 6423 7059 6667 8514 7773 8731 6879 7838 6612 7999 7037 6868 8542 8532 6485 7497 6307 6832 6941 8544 8416 8416

a. Calculate the mean, find the mode, calculate the median, first and third quartiles

b. Calculate the variance, standard deviation, range, interquartile range and coefficient of variation.

c. Suppose the data for the lighth bulbs from manufacturer B were analyzed by Microsoft Excel the output is as in following table. Find the quantities as in questions (a) to (e) for manufacturer B.

Manufacturer B Mean Standard Error Median Mode Standard Deviation Sample Variance Kurtosis Skewness Range Minimum Maximum Sum Count 8260.9 143.8566 8140.5 #N/A 909.8291 827788.9 -1.31167 0.047944 3043 6701 9744 330436 40

d. Sketch two box and whisker plots for each data set and compare the shapes of the distributions.

e. What conclusions can you reach concerning the life of each manufacturers bulbs?

3. Manager of a pizza delivery company wants to know the time required for a pizza delivery. He collects data in minutes from the sales of two different times of the day. X: Time of delivery in the morning: 5, 5, 6, 7, 8, 8, 8, 10, 13, 15, 15, 19, 21, 22, 23, 35 Y: Time of delivery in the evening: 3, 3, 4, 5, 5, 5, 7, 7, 8, 9, 11, 13, 14, 18, 19, 45, 48

X
i 1

16

220

X
i 1

16

2 i

4086

and

Y 224
i 1 i

17

Y
i 1

17

5852

a. Calculate the mean time of delivery for both times of the day

b. Calculate the variance and standard deviation of the time of the delivery for both times of the day

c. Calculate the coefficient of variation of the time of the delivery for both times of the day

d. Compare the CVs and interpret the result in your own words

4. The distribution of students exam scores is approximately bell-shaped and symmetric. The mean score is 68 and the standard deviation is 7. a. Between what two numbers do we expect to find mid-68% of the exam scores?

b. What percent of exam scores is between 54 and 82?