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Business Statistics Extra Exercises (Solutions) (EXAM 1)

This document contains 7 exercises with multiple parts each on topics including: [1] ordered data and calculations of range, interquartile range, and more; [2] measures of central tendency including mean, median, and mode; [3] calculations with weighted means and relative frequency distributions; [4] standard deviation and z-scores; [5] skewness; and [6] cumulative frequency distributions. The exercises involve calculating, computing, and representing various statistical measures and concepts.

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Mattia Bianchi
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47 views4 pages

Business Statistics Extra Exercises (Solutions) (EXAM 1)

This document contains 7 exercises with multiple parts each on topics including: [1] ordered data and calculations of range, interquartile range, and more; [2] measures of central tendency including mean, median, and mode; [3] calculations with weighted means and relative frequency distributions; [4] standard deviation and z-scores; [5] skewness; and [6] cumulative frequency distributions. The exercises involve calculating, computing, and representing various statistical measures and concepts.

Uploaded by

Mattia Bianchi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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EXTRA EXERCISES

ANSWERS SHEET

1. Ordered data: 25, 36, 42, 55, 60, 62, 73, 75, 78, 95
a.
2 5
3 6
4 2
5 5
6 02
7 358
9 5

ln ⁡(N ) ln ⁡(10)
b. K = = = 3,32 so we round up to 4
ln ⁡(2) ln ⁡( 2)
R = Max – Min = 95 – 25 = 70
R 70
I= = = 17,5 so we round up to 18
K 4

2.
a. Above = 14 + 5 + 9 = 28, Below = 3 + 1 + 2 + 2 + 1 + 1 = 10
b.
c.
16
14
12
10
8
6
4
2
0

3.
500+700 1.000+2.000
a. Q1 = = 600, Q2 = 900, Q3 = = 1.500
2 2
b. IQR = Q3 – Q1 = 1.500 – 600 = 900
c.
4.
∑ x∙ F
a. Weighted mean = =9
∑F
b.
X F RF % RF
1 2 0,036 3,6
3 4 0,071 7,1
5 6 0,107 10,7
7 8 0,143 14,3
9 10 0,179 17,9
11 12 0,214 21,4
13 14 0,25 25
c.

3.6% 7.1
%
25.0
%
10.7
%

14.3
%

21.4
%

17.9%

5. Ordered data: 3, 5, 9, 11, 13, 15, 18, 21, 24, 31, 37, 48, 50, 61, 63, 69,
96, 102, 112, 131
a. μ = 47,58
b. σ = 38,14
c. σ2 = 1454,98
X – μ 30 – 47 ,58
d. Z-score = = = -0,46
σ 38 , 14
6. Ordered data: 8, 14, 15, 25, 27, 33, 45, 65, 67, 71
27+33
a. Median = = 30
2
b. μ = 37
c. s = 23,61
3(μ – Median) 3(37 – 30)
d. SK = = = 0,89
s 23 , 61

7.
a.
X F CF
1 5 0
2 21 5
3 27 26
4 3 53
5 12 56
6 0 68

b.
80

70

60

50

40

30

20

10

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