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ID Gender Age* Insurance Policies ID Gender Age* Insurance Policies
Number Premiums Number Premiums
01 F 32 4 210 21 M 23 2 200
02 F 59 1 150 22 F 36 6 173
03 M 26 4 165 23 M 63 1 100
04 M 23 2 20 24 M 30 3 185
05 F 28 5 195 25 F 47 4 160
06 M 33 8 137 26 F 25 4 87
07 F 21 7 245 27 M 38 6 174
08 F 48 6 170 28 M 23 4 152
09 F 42 3 220 29 F 32 2 127
10 F 29 8 239 30 M 40 3 160
11 M 36 3 116 31 F 22 6 110
12 F 24 3 192 32 F 51 5 185
13 F 28 6 155 33 F 39 5 200
14 F 35 1 135 34 F 27 7 190
15 F 46 4 180 35 F 34 4 222
16 M 43 4 233 36 M 26 5 142
17 M 22 3 121 37 F 42 2 63
18 M 25 5 187 38 F 64 5 207
19 F 50 7 215 39 F 31 4 177
20 F 42 5 199 40 M 47 1 170
(a) Calculate, using ungrouped data, the mean and standard deviation for the
monthly insurance premiums of male respondents.
(b) Estimate, using grouped data, the mean and standard deviation for the
monthly insurance premiums of female respondents.
(c) Comment on the results obtained in parts (a) and (b).
(d) Determine the coefficient of variation associated with the solutions obtained in
parts (a) and (b). Explain the derived coefficients of variation.
Continued overleaf
2. A tour operator has conducted an investigation into the cost (per person) of a cruise
holiday and the perceived level of happiness (measured by an index of happiness having a
maximum value of 100) associated with the cruise holiday.
Holiday Cost (£) Happiness Index Holiday Cost (£) Happiness Index
2400 90 3500 50
2500 87 1800 68
1700 62 3200 88
2700 84 1500 96
1250 54 2200 82
4000 45 2600 88
1800 94 1500 60
2000 75 3000 63
2300 90 2700 90
3000 92 3200 70
(a) Calculate, using ungrouped data, the mean and standard deviation for:
Within its monthly newsletter to tour operators, the Guild of Tour Operators has published
the following survey information for ‘experience of a life-time’ holidays.
(d) Determine and comment on the coefficient of variation associated with the
results obtained in parts (a) and (b).