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MULTIPLE CHOICE 1. Which of the following statistics is a measure of central location? a. The mean b. The median c. The mode d. All of these choices are true. ANS: D PTS: 1 REF: SECTION 4.1

2. Which measure of central location is meaningful when the data are ordinal? a. The mean b. The median c. The mode d. All of these choices are meaningful for ordinal data. ANS: C PTS: 1 REF: SECTION 4.1

3. Which of the following statements about the mean is not always correct? a. The sum of the deviations from the mean is zero. b. Half of the observations are on either side of the mean. c. The mean is a measure of the central location. d. The value of the mean times the number of observations equals the sum of all observations. ANS: B PTS: 1 REF: SECTION 4.1

4. Which of the following statements is true for the following observations: 7, 5, 6, 4, 7, 8, and 12? a. The mean, median and mode are all equal. b. Only the mean and median are equal. c. Only the mean and mode are equal d. Only the median and mode are equal. ANS: A PTS: 1 REF: SECTION 4.1

5. In a histogram, the proportion of the total area which must be to the left of the median is: a. exactly 0.50. b. less than 0.50 if the distribution is negatively skewed. c. more than 0.50 if the distribution is positively skewed. d. unknown. ANS: A PTS: 1 REF: SECTION 4.1

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It is equal to the mode in a bell shaped distribution. Which measure of central location can be used for both interval and nominal variables? a. ANS: B PTS: 1 REF: SECTION 4. It is a measure of central location. c. c. the mean can be larger or smaller than the median. It is equal to Q2. Which of these measures of central location is not sensitive to extreme values? a. the median is larger than the mean. The mean d. The interquartile range c.1 10.1 8. the mean equals the mode. b. b. It is more affected by extreme values than the mean. b. The mean b. ANS: C PTS: 1 REF: SECTION 4. Which of the following statements about the median is not true? a.1 7. All of these choices are true. In a perfectly symmetric bell shaped "normal" distribution: a. All of these choices are true. d. d. the median equals the mode. ANS: A PTS: 1 REF: SECTION 4. ANS: D PTS: 1 REF: SECTION 4. The median c. The median b. c. the mean equals the median. In a positively skewed distribution: a.1 9. ANS: B PTS: 1 REF: SECTION 4. The mode d. the median equals the mean. The first quartile ANS: C PTS: 1 REF: SECTION 4. The median c.6. Which of the following summary measures is sensitive to extreme values? a. The mode d.1 2 . d. The mean b.1 11. the median is less than the mean. All of these choices are true.

1 17. The 10 female students in the class averaged: a. ANS: D PTS: 1 REF: SECTION 4. c. mean > median > mode.1 13. 65. The distribution of the data is positively skewed. a median of 122. When the distribution is positively skewed. In a histogram.50 if the distribution is positively skewed. b. ANS: F PTS: 1 REF: SECTION 4. When the distribution is negatively skewed. ANS: F PTS: 1 REF: SECTION 4.50 if the distribution is negatively skewed. d. A data sample has a mean of 107. 85. In a histogram. ANS: T PTS: 1 REF: SECTION 4.1 PTS: 1 REF: SECTION 4. mean = median = mode. d. exactly 0. The average score for a class of 30 students was 75. When the distribution is symmetric and bimodal. When the distribution is symmetric and unimodal. The mean is a measure of variability. ANS: F PTS: 1 REF: SECTION 4.1 19. b. exactly 0.50 if the distribution is positively skewed. Which of the following statements is true? a.1 18. ANS: C PTS: 1 REF: SECTION 4.1 3 . The 20 male students in the class averaged 70. c.1 14. b. mean = median = mode. mean < median < mode. ANS: B TRUE/FALSE 15.50. 70. c. ANS: T PTS: 1 REF: SECTION 4. the proportion of the total area which must be to the right of the mean is: a. the proportion of the total area which must be to the left of the median is more than 0.50 if the distribution is symmetric and unimodal. less than 0. 75. µ is a population parameter and x is a sample statistic. The mean is affected by extreme values but the median is not. d. more than 0. and a mode of 134.1 16.12.

and mode.50 if the distribution is negatively skewed.53. $7. median.19. Lily has been keeping track of what she spends to eat out. ANS: T PTS: 1 REF: SECTION 4. Suppose a sample of size 50 has a sample mean of 20.1 23. ANS: T PTS: 1 REF: SECTION 4. ANS: F PTS: 1 REF: SECTION 4.49.1 27. $5. The median of an ordered data set with 30 items would be the average of the 15th and the 16th observations. ANS: T PTS: 1 REF: SECTION 4. there is no difference in the values of the mean. In a histogram.1 29. In this case. ANS: T PTS: 1 REF: SECTION 4. and $7.1 26. the sum of all observations in the sample is 1.91. The mean amount Lily spends on meals is $8.69. ANS: T PTS: 1 REF: SECTION 4. median and mode are all equal. In a histogram. the proportion of the total area which must be to the left of the median is less than 0.50 if the distribution is symmetric and unimodal. $10.1 21.35.20. The last week's expenditures for meals eaten out were $5. the mean is smaller than the median and the median is smaller than the mode.1 24. The value of the mean times the number of observations equals the sum of the observations. ANS: T PTS: 1 REF: SECTION 4. ANS: T PTS: 1 REF: SECTION 4.1 25.95. the proportion of the total area which must be to the right of the mean is exactly 0.1 4 . ANS: F PTS: 1 REF: SECTION 4.66. ANS: T PTS: 1 REF: SECTION 4. In a bell shaped distribution.1 28.000. In a negatively skewed distribution.1 22. $14. The median of a set of data is more representative than the mean when the mean is larger than most of the observations. $6. the histogram must be symmetric and bell shaped. If the median.

The sample mean is denoted by ____________________ and the population mean is denoted by ____________________.1 34.1 35. ANS: X. median PTS: 1 REF: SECTION 4. ANS: median PTS: 1 REF: SECTION 4. ANS: n. the ____________________ and the ____________________. and the size of a population is denoted by the letter ____________________. ANS: average PTS: 1 REF: SECTION 4. The ____________________ is calculated by finding the middle of the data set. when the data are ordered from smallest to largest. ANS: mode PTS: 1 REF: SECTION 4.COMPLETION 30.1 31. µ x PTS: 1 REF: SECTION 4. N PTS: 1 REF: SECTION 4.1 33. Another word for the mean of a data set is the ____________________.1 5 . There are three measures of central location. The ____________________ is the least desirable of all the measures of central location. ANS: median. The size of a sample is denoted by the letter ____________________.1 32. mode mode. the mean.

1 39.1 40.1 6 . The ____________________ mean is used whenever we wish to find the "average" growth rate. mean median. ANS: geometric PTS: 1 REF: SECTION 4.1 37. The ____________________ mean of n returns (or growth rates) is the appropriate mean to calculate if you wish to estimate the mean rate of return (or growth rate) for any single period in the future. the median is found by taking the ____________________ of these two numbers. there are ____________________ modes. If a data set is composed of 5 different numbers. ANS: arithmetic PTS: 1 REF: SECTION 4.36. average PTS: 1 REF: SECTION 4. ANS: 0 no zero PTS: 1 REF: SECTION 4. If a data set contains an even number of observations. The ____________________ is not as sensitive to extreme values as the ____________________.1 38. ANS: average arithmetic mean PTS: 1 REF: SECTION 4. in a variable over time. or rate of change. ANS: median.

50 PTS: 1 REF: SECTION 4. 220. 216. and the mode of the number of pets owned per family. median = 1 pet. {Monthly Rent Narrative} Compute the sample monthly average rent. ANS: x = [(0 × 3) + (1 × 10) + (2 × 5) + (3 × 4) + (4 × 2) + (5 × 1)]/25 = 1. 240. Their responses are summarized in the following table. and 250. 205. PTS: 1 REF: SECTION 4. 41. ANS: x = $219. 210. 195.1 44. the median.80 pets. mode = 1 pet.1 43. {Pets Survey Narrative} Determine the mean. Number of Pets Number of Families 0 3 1 10 2 5 3 4 4 2 5 1 REF: SECTION 4.1 42. 235. {Monthly Rent Narrative} Compute the sample median. 204. {Monthly Rent Narrative} What is the mode? ANS: $220 PTS: 1 Pets Survey A sample of 25 families were asked how many pets they owned.SHORT ANSWER Monthly Rent Monthly rent data in dollars for a sample of 10 one-bedroom apartments in a small town in Iowa are as follows: 220.1 7 . ANS: $218 PTS: 1 REF: SECTION 4.

18. b. c.1 PTS: 1 47. 48.1 46. 1. 25. 22. b.1 PTS: 1 Children The following data represent the number of children in a sample of 10 families from Chicago: 4. median. ANS: The "average" number of pets owned was 1. b. {Pets Survey Narrative} Explain what the mean. c. and 2.80 pets. 1. rather than the number of pets for the average family. x = 23. mean median mode ANS: a. 5. {Children Narrative} Compute the mean number of children. 32. median and mode compare to each other when the distribution is: a. A basketball player has the following points for seven games: 20. c. 19. Compute the following measures of central location: a. and mode tell you about this particular data set.1 8 . and the other half own at least one pet. mean = median = mode mean < median < mode mean > median > mode REF: SECTION 4.714 median = 22. b. 1.90 PTS: 1 REF: SECTION 4.45. The most frequent number of pets owned was one pet. 0.) Half the families own at most one pet. PTS: 1 REF: SECTION 4. ANS: x = 1. 0.0 There is no mode REF: SECTION 4. 2. (This represents the overall average. 3. and 30. symmetric? negatively skewed? positively skewed? ANS: a. How do the mean. c.

154. 145. 137. {Weights of Workers Narrative} Construct a stem and leaf display for the weights. 172. 168. 173. 140. 165. 134. {Weights of Workers Narrative} Find the mean weight. 51.04 pounds PTS: 1 REF: SECTION 4. 157. 146. and 171. 169. 174. {Children Narrative} Is the distribution of the number of children symmetric or skewed? Why? ANS: The distribution is positively skewed because the mean is larger than the median. 151. 177.1 52.1 50. {Children Narrative} Compute the median number of children. ANS: Stem 13 14 15 16 17 PTS: 1 Leaf 47 0568 124667 2345889 123447 REF: SECTION 4. PTS: 1 Weights of Workers The following data represent the weights in pounds of a sample of 25 workers: 164. 174. 168.49. ANS: x = 159. 163. 156. 152.5 PTS: 1 REF: SECTION 4. ANS: Median = 162 pounds PTS: 1 REF: SECTION 4. ANS: Median = 1.1 REF: SECTION 4. {Weights of Workers Narrative} Find the median weight. 162.1 9 . 148.1 53. 156.

43. ANS: Median = 42 years PTS: 1 REF: SECTION 4. 44. {Weights of Workers Narrative} Is the distribution of the weights of workers symmetric or skewed? Why? ANS: The distribution is negatively skewed because the mean is smaller than the median. 53. and the stem and leaf display also shows this negative skewness. {Ages of Employees Narrative} Construct a stem and leaf display for the ages. 64.2 years PTS: 1 REF: SECTION 4. 4. 61. and 10.1 57. 47. ANS: Stem 2 3 4 5 6 PTS: 1 Leaf 0378 1355689 022344789 236 14 REF: SECTION 4. 35. 28. 40. 35. 52. 5. 56.1 REF: SECTION 4. 42. 38.1 10 .54. ANS: x = 7 hours PTS: 1 Ages of Employees The following data represent the ages in years of a sample of 25 employees from a government department: 31. {Ages of Employees Narrative} Compute the sample mean age.1 58. Compute x for the data and the value in an appropriate unit. 23. 36. PTS: 1 REF: SECTION 4. {Ages of Employees Narrative} Find the median age.6. 49. 8. 42. and 20. 39.1 55. 44. 56. ANS: x = 41. 9. 48. 27. The number of hours a college student spent studying during the final exam week was recorded as follows: 7. 33.

5. 24. and the median is $24. 23. ANS: The mean is $24.3 thousand dollars PTS: 1 REF: SECTION 4. 29.4. 21.8.5. ANS: median = 24.2.59.692 thousand dollars PTS: 1 REF: SECTION 4. {Ages of Employees Narrative} Compare the mean and median ages for these employees and use them to discuss the shape of the distribution.1. 27. but close to symmetric. {Salaries of Employees Narrative} Compute the mean salary. {Salaries of Employees Narrative} Compute the median salary. 42. respectively.2 years. 42 years. 24. PTS: 1 REF: SECTION 4.8. {Ages of Employees Narrative} Find the modal age.1.3.1 60. and 44 PTS: 1 REF: SECTION 4. 22.7.7.1 Salaries of Employees The following data represent the yearly salaries (in thousands of dollars) of a sample of 13 employees of a firm: 26. {Salaries of Employees Narrative} Compare the mean salary with the median salary and use them to describe the shape of the distribution.1 62. 24.692 thousand dollars.1 63. ANS: x = 24. 24. and 28.300 thousand dollars. 61. ANS: The mean and median are 41. The mean is slightly higher than the median. PTS: 1 REF: SECTION 4.2.7. 20. This tells us that the data are slightly positively skewed. 23. which tells us the distribution of ages is approximately symmetric. They are very close to each other.1 11 . ANS: Modes are 35.

ANS: R g = 4 (1 + R 1 )(1 + R 2 )(1 + R 3 )(1 + R 4 ) − 1 = 4 (1 +. A sample of 12 construction workers has a mean age of 25 years. Suppose that the sample is enlarged to 14 construction workers. from $10.30)(1 −.15) − 1 = 0. Suppose that the sample is enlarged to 16 measurements.1 12 . 67.50 2001 . During the second year.50)(1 +. The mean of a sample of 15 measurements is 35. ANS: x = 25 years PTS: 1 REF: SECTION 4. Find the mean of the sample of the 16 measurements.30 2002 −. {2-Year Investment Narrative} Calculate the arithmetic mean.1 65. An investment you made in the years 2000-2003 has the following rates of return shown below: Year Rate of Return 2000 . by including one additional measurement having a value of 42 feet.000 and it grows by 100% to $10. ANS: R = (R 1 + R 2 ) / 2 = [100 + (−50)] / 2 = 25% PTS: 1 REF: SECTION 4. PTS: 1 REF: SECTION 4.64.000 back to $5. the investment suffers a 50% loss.000.1052 PTS: 1 2-Year Investment Suppose you make a 2-year investment of $5.6 feet.000 during the first year.10 2003 −.15 Compute the geometric mean. by including two additional workers having common age of 25 each.1 REF: SECTION 4. ANS: x = 36 feet. Find the mean of the sample of 14 workers.1 66. however.10)(1 −.

5 years.1 72. 67.15 years.1 71. {Ages of Senior Citizens Narrative} Calculate the mean age of the uninsured senior citizens ANS: x = 78. {Ages of Senior Citizens Narrative} Calculate the median age of the uninsured senior citizens. {Ages of Senior Citizens Narrative} Explain why there is no mode for this data set. PTS: 1 REF: SECTION 4. 73. and this is the value of the geometric mean. 70. ANS: 76. and 97. 78. 71. 74. 92.1 13 . The ages of 20 uninsured senior citizens were as follows: 65. 75. 69. 94. ANS: Rg = 2 (1 + R 1 )(1 + R 2 ) − 1 = 2 (1 + 1)(1 −. 79. 91. PTS: 1 REF: SECTION 4. 80. 81. 86. the arithmetic mean (aka the "average" compounded rate of return) is 0%. {2-Year Investment Narrative} Calculate the geometric mean. 87. 66. 70. ANS: There is no mode because every age is different. 68.1 69.5) − 1 = 0 PTS: 1 REF: SECTION 4. {2-Year Investment Narrative} Compare the values of the arithmetic and geometric means. PTS: 1 REF: SECTION 4.68.1 Ages of Senior Citizens A sociologist recently conducted a survey of citizens over 65 years of age whose net worth is too high to qualify for Medicaid and who have no private health insurance. ANS: Because there was no change in the value of the investment from the beginning to the end of the 2-year period. PTS: 1 REF: SECTION 4. This result is somewhat misleading.

Suppose that a firm's sales were $3.500. 15%.750.250.000 four years ago.000 ⇒ Rg = 0.000 (1 + Rg)5 = 5.73. What was the geometric mean growth rate in sales over the past four years? ANS: If Rg is the geometric mean. What was the geometric mean growth rate in sales over the past five years? ANS: If Rg is the geometric mean.71% PTS: 1 REF: SECTION 4. −5%.000 five years ago and are $5.750.10) = 1.0696 or 6. then 3.96% PTS: 1 REF: SECTION 4.15)(1 − 0.25)(1 + 0.1 14 .1071 or 10.250.5022 ⇒ Rg = 0. and 10% since that time. and sales have grown annually by 25%.1 74.05)(1 + 0. then (1 + Rg)4 = (1 + 0.000 today. Suppose that a firm's sales were $2.

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