Statistics Questions -2

Q1. A laundry uses two different makes of washing machine. According to past experience, the
following results have been recorded:

Make of machine Median Life Mean Life

A 3,500 hours 4,000 hours
B 4,000 hours 3,500 hours

If both machines are of the same price, which make should the laundry purchase now on?

Q2. The price of an item has been rather volatile during the past few weeks. The percentage changes
in the preceding five weeks are given below:

Week 1 2 3 4 5
% Change Up 8% Down 12% Down 20% Up 25% Down 4%
Calculate the average change in price over the 5 week interval.

Q3. Anand and his wife invested in a certain share during the last week at the following prices:

Day Monday Tuesday Wednesday Thursday Friday

Price (Rs.) 40.40 41.60 46.40 48.00 47.60
It is known that Anand bought an equal number of shares on each of the five days and his wife
invested an equal amount on all five days. Can you tell who paid a lower average price per share ?