1.

Arandomsampleof5weeksshowedthatacruise agency received the following number of weekly specials to the Caribbean: 20, 73, 75,
80, 82.
a. Compute the mean, median, and mode.
b. Which measure of central tendency best describes the data?
c. Comment on the distribution of the data.

2. The National Association of Colleges and Employers compiled information about annual starting salaries for college graduates by
major. The mean starting salary for business administration graduates was $39,850 ( CNNMoney.com, February 15, 2006).
Samples with annual starting data for marketing majors and accounting majors follow (data are in thousands):

Marketing Majors: 34.2, 45.0, 39.5, 28.4, 37.7

Accounting Majors: 33.5, 57.1,49.7, 40.2, 53.9, 41.1, 41.7, 40.8, 35.8, 30.6, 44.2,
45.2, 55.5, 43.5, 35.2, 34.2, 42.4, 47.8, 38.0, 49.1, 49.9.
a. Compute the mean, median, and mode of the annual starting salary for both majors.
b. Comment on the mean for both annual salaries in terms of good salary.
c. What do the sample data indicate about the difference between the annual starting salaries for marketing and accounting majors?

3. Rankings of research universities in Ghana. Based on factors (e.g., academic reputation, financial aid offerings, overall cost, and
success of graduates in the post-college job market) that actual college freshmen said were most important to their college decision,
College Choice developed their 2015 Rankings of National Research Universities.

a. The average financial aid awarded values were determined by recording the financial aid awarded to each freshman who attended
the university in 2015. Does this statistic represent a population or sample mean? Interpret this value for Harvard Universit y.
b. The median salary during early career values were determined by recording the salaries of a random selection of alumni with 0 to
5 years of experience. Does this statistic represent a population or sample median? Interpret this value for Harvard University.

4. A sample of 33 accounting students recorded the number of hours spent studying the course material during the week before the
final exam. The data are stored in the data file Study.

a. Compute the sample mean.

b. Compute the sample median.
c. Comment on symmetry or skewness.