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Year Annual Rate: Data Continues in The Right Table

The highest unemployment rate in the United States occurred in November and December 1982 at 10.80%. The lowest rate occurred several times between September 1968 to May 1969 at 3.40%. Summary statistics were calculated for the annual unemployment rates between 1955-2016, which had a mean of 6.00% and standard deviation of 1.56. Two values in 1982 and 1975 were identified as outliers in the boxplot.

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20 views

Year Annual Rate: Data Continues in The Right Table

The highest unemployment rate in the United States occurred in November and December 1982 at 10.80%. The lowest rate occurred several times between September 1968 to May 1969 at 3.40%. Summary statistics were calculated for the annual unemployment rates between 1955-2016, which had a mean of 6.00% and standard deviation of 1.56. Two values in 1982 and 1975 were identified as outliers in the boxplot.

Uploaded by

PhilipSyrén
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Question 1: “Write a complete sentence telling me what month and year or months and

years the highest unemployment rate occurs and what the rate is.”

The highest unemployment rate in the United States noted (1955–2016) occurred on two (2)
occasions: the months of November and December in 1982. The rate was 10.80 percent.

Question 2: “Write a complete sentence telling me what month and year or months and
years the lowest unemployment rate occurs and what the rate is.”

The lowest unemployment rate in the United States noted (1955–2016) occurred on nine (9)
occasions: the months of September, October, November and December in 1968 as well as the
months of January, February, March, April and May in 1969. The rate was 3.40 percent.

Question 3: “Copy the columns with the Year and Annual rate and paste them in your Word
Document.”

Below is the data (“year and annual rate”) for the unemployment rates in the United States (1955–
2016).

Year Annual rate 1984 7.51


1955 4.37 1985 7.19
1956 4.13 1986 7.00
1957 4.30 1987 6.18
1958 6.84 1988 5.49
1959 5.45 1989 5.26
1960 5.54 1990 5.62
1961 6.69 1991 6.85
1962 5.57 1992 7.49
1963 5.64 1993 6.91
1964 5.16 1994 6.10
1965 4.51 1995 5.59
1966 3.79 1996 5.41
1967 3.84 1997 4.94
1968 1998 4.50
3.56
1969 1999 4.22
3.49
1970 2000 3.98
4.98
1971 2001 4.76
5.95
2002 5.78
1972 5.60
2003 5.99
1973 4.86
2004 5.53
1974 5.64
2005 5.08
1975 8.48
2006 4.61
1976 7.70
2007 4.62
1977 7.05
2008 5.80
1978 7.05 2009 9.28
1979 5.85 2010 9.61
1980 7.18 2011 8.93
1981 7.62 2012 8.08
1982 9.71 2013 7.38
1983 9.60 2014 6.17
Data continues in the right 2015 5.28
table.
2016 4.85
Question 4: “Compute summary statistics for the variable Annual.”

Summary statistics for the variable Annual


Mean 6.001478
Standard Error 0.197842
Median 5.629167
Mode 5.641667
Standard Deviation 1.55781
Sample Variance 2.426773
Kurtosis -0.04075
Skewness 0.684214
Range 6.216667
Minimum 3.491667
Maximum 9.708333
Sum 372.0917
Count 62

Question 5: “Record the values for the five-number summary with labels on your Word
document.”

Minimum value: 3.49


Q1 : 4.88
Median: 5.63
Q3 : 7.04
Maximal value: 9.71

Question 6: “Create a boxplot for the variable Annual.”

Comment: Box and


Whisker Graph was
directly imported from
Excel, as instructed.
Therefore, Q1/Q3
etcetera aren’t marked.
Question 7: “Are there any outliers? Show your calculations and indicate what the outliers
are if there are any. If not, write a sentence stating that there are no outliers. Then draw
the boxplot. Indicate any outliers with a *.”

Q1 Median Q3
(5.63) (7.04)
(4.88)
Minimum Maximal
(3.49) (9.71)

_______________________________________________________________________________________________________
*(1.64) *(1.28)
___________________________________
0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 10.5 11 11.5 12 12.5 13 13.5 14 14.5 15 15.5
16 16.5
Comment: Two outliers were identified and marked at the box plot above (left outlier: 1.64, right
outlier: 1.28).

Calculating whether there are outliers


1st step: Finding IQR.
Q3 -Q1
7.04-4.88 = 2.16 (IQR identified)

2nd step: Identifying whether there’s a left outlier


Q1 -1.5 x IQR
4.88-1.5 x 2.16 = 1.64 (left outlier identified)

3rd step: Identifying whether there’s a right outlier.


Q3 +1.5 x IQR
7.04+1.5 x 2.16 = 10.28 (right outlier identified)

Question 8: “Create a frequency distribution for all of the entries in the worksheet.”

Interval Frequency
1 0
2 0
3 57
4 142
5 240
6 108
7 144
8 33
9 39
10 11
11 0
N = 744

Question 9: “Draw a Histogram using the data from the frequency distribution.”
Histogram
300

250 240

200
Frequency

142 144
150
108
100
57
50 33 39
11
0
1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00 11.00
Interval

Comment: Question 8 and 9 were calculated manually since the numbers given by the instruction seemingly was wrong. The
frequency chart given following the instruction would be the following:

1: 0 6: 240 As seen to the left table, Excel identified the correct # of data, yet did not find those in the
2: 0 7: 100 intervals of 3. It also found 10 # in 11; which do not exist in the actual sample of data.
3: 0 8: 103
4: 70 9: 40
5: 150 10: 31
11: 10

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