1. What type of variable is each of the following?
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2. A marketing consultant recorded the amount of money spent by 20 consecutive shoppers in a grocery store. The amounts (in dollars) in increasing order were:
| 6.61 | 6.90 | 8.04 | 9.45 | 10.26 | 11.63 | 12.95 | 13.67 | 14.35 | 14.55 |
| 15.01 | 15.33 | 16.55 | 18.22 | 18.30 | 19.54 | 20.58 | 20.89 | 21.13 | 33.80. |
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3. If the mean weight for 20 packages mailed today by the shipping department of a manufacturing company is 60 kilograms, what is the total weight of all the packages ?
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4. A portfolio manager buys the following stocks: 150 shares of General Motors at $65 per share, 100 shares of International Business Machines at $250 per share and 200 shares of Shell Oil at $75 per share. What is the mean price per share purchased ?
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5. A frequency distribution of the length of telephone calls monitored at the switchboard of an office is given below. Compute the arithmetic mean and standard deviation of the calling time.
| Length of Calls (minutes) | Number of Calls |
|---|---|
| 0 and under 2 | 10 |
| 2 and under 4 | 25 |
| 4 and under 6 | 20 |
| 6 and under 8 | 40 |
| 8 and under 10 | 5 |
| Total | 100 |
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6. (a) Calculate the interquartile range (IQR) of these data, which are already sorted:
10,15,17,17,20,24,32,41
(b) Calculate the standard deviation of the same data.
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7. Find the proportion of the standard normal distribution in the following areas (draw the curve and shade the area required)
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8. Find Z values such that the proportion of the standard normal curve less then that value is
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9. Repeat question 8 using the N(10,4) curve.
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10. The number of days sick leave requested annually by employees of a large insurance company is normally distributed with a mean of 9 days and standard deviation of 2.5 days.
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11. Plot a scatter plot and calculate the correlation coefficient for the following 'data'.
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12. A study was conducted to investigate the relationship between resale price y (in hundreds of dollars) and the age x (in years) of midsize luxury American made cars. The equation of the line of best fit was y = 185.7 - 21.52x
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13. Given the simple linear regression model y = a + bx describe realistic variables x and y for which you would expect
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14. Consider the death rates for American males in the 15 to 24 year-old age group from 1914 to 1921 (number of deaths per thousand per year).
| Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 |
| death rate | 4.4 | 4.2 | 4.5 | 5.0 | 12.2 | 5.3 | 4.8 | 3.8 |
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15. At the Computer Corporation, records classify each employee according to the variable qualifications which indicates the highest academic level attained by each employee (1 = high school, 2 = college, 3 = university) and division in which the employee works (1 = office, 2 = manufacturing, 3 = sales). The data show
| Qualifications | DIVISION | ||
|---|---|---|---|
| Office | Manufacturing | Sales | |
| High School | 35 | 53 | 1 |
| College | 3 | 5 | 15 |
| University | 0 | 0 | 8 |
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