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Stats Tutorial Sheet 2_2

The document is a tutorial sheet for a statistics and probability course, covering various topics such as frequency distributions, descriptive statistics, and measures of central tendency. It includes exercises on calculating relative frequencies, constructing pie and bar charts, and computing means, medians, variances, and standard deviations for different datasets. Additionally, it addresses real-world applications like analyzing home sales prices and car rental rates.

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innocentphiri3202
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6 views

Stats Tutorial Sheet 2_2

The document is a tutorial sheet for a statistics and probability course, covering various topics such as frequency distributions, descriptive statistics, and measures of central tendency. It includes exercises on calculating relative frequencies, constructing pie and bar charts, and computing means, medians, variances, and standard deviations for different datasets. Additionally, it addresses real-world applications like analyzing home sales prices and car rental rates.

Uploaded by

innocentphiri3202
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ECN 2331 : Statistics and Probability: Theory and Techniques for Economics

Tutorial Sheet 2 15th March,2025

1. The response to a question has three alternatives: A, B, and C. A sample


of 120 responses provides 60 A, 24 B, and 36 C. Show the frequency and
relative frequency distributions.
2. . A partial relative frequency distribution is given.

Class Relative Frequency


A .22
B .18
C .40
D

a. What is the relative frequency of class D?


b. The total sample size is 200. What is the frequency of class D?
c. Show the frequency distribution.
d. Show the percent frequency distribution

3. A questionnaire provides 58 Yes, 42 No, and 20 no-opinion answers.


a. In the construction of a pie chart, how many degrees would be in the
section of the pie showing the Yes answers?
b. How many degrees would be in the section of the pie showing the No
answers?
c. Construct a pie chart.
d. Construct a bar chart

4.Define the following


(i) a. Mean b. Median c. Mode d. Variance e. Standard
deviation f. Coefficient of variation

(ii) When is the median often preferred as the measure of central


location than the mean
5.Consider a sample with data values of 10,20,12,17,and 16.Compute the
mean and median.
6.Consider a sample with data values of 27, 25, 20, 21, 22, 23, 24, 26, 29, 31,
32, 33, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52,
53, 54, 55, 56, 57 15, 30, 34, 28, and 25. Compute the 20th, 25th, 65th, and
75th percentiles.

7. The Ministry of Infrastructure, Housing and Urban Development provided


data showing that home sales were the slowest in 10 years.Sample data
with representative sales prices for existing homes and new homes follow.
Data are in thousands of Kwacha

Existing Homes 315.5 202.5 140.2 181.3 470.2 169.9 112.8 230.0 177.5

New Homes 275.9 350.2 195.8 525.0 225.3 215.5 175.0 149.5

a. What is the median sales price for existing homes?

b. What is the median sales price for new homes?

c. Do existing homes or new homes have the higher median sales


price? What is the difference between the median sales prices?

d. A year earlier the median sales price for existing homes was
K208.4 thousand and the median sales price for new homes was K249
thousand. Compute the percentage change in the median sales price of
existing and new homes over the one-year period. Did existing homes or
new homes have the larger percentage change in median sales Price?

8.Consider a sample with data values of 10, 20, 12, 17, and 16. Compute the
variance and standard deviation
9. Car rental rates per day for a sample of seven Lusaka Province districts are
as follows

Districts Daily rates (ZMW)

Kafue 43

Chilanga 35

Rufunsa 34

Luangwa 58

Chisamba 30

Shibuyanji 30

Chongwe 36

a. Compute the mean, variance, and standard deviation for the car
rental rates.
b. A similar sample of seven Northern Province districts showed a
sample mean car rental rate of K38 per day. The variance and standard
deviation were 12.3 and 3.5, respectively. Discuss any difference
between the car rental rates in Lusaka and Northern province.

10. A bowler’s scores for six games were 182, 168, 184, 190, 170, and 174.
Using these data as a sample, compute the following descriptive statistics:
a.Range b. Standard deviation c. Variance
d. Coefficient of variation
11.Consider the following data and corresponding weights.
Xi Weight
(wi)

3.2 0.3

2.0 0.15

2.5 0.15

5.0 0.4

a. Compute the weighted mean.


b. Compute the sample mean of the four data values without weighting.
Note the difference in the results provided by the two computations.

12.The grade point average for university students is based on a weighted


mean computation. For most universities, the grades are given the
following data values: A (4), B (3), C (2), D (1), and F (0). After 60 credit
hours of course work, a student at The University of Zambia earned 9 credit
hours of A, 15 credit hours of B, 33 credit hours of C, and 3 credit hours of
D.

a. Compute the student’s grade point average.


b. Students at The University of Zambia must maintain a 2.5 grade point
average for their first 60 credit hours of course work in order to be
admitted to the business college. Will this student be admitted?
13.The following frequency distribution shows the price per share of the 30
companies in the Lusaka Security Exchange (LuSE)

Price per Share (ZMW)


Companies
0–9 4

10–19 5

20–29 7

30–39 3

40–49 4

50–59 4

60–69 0

70–79 2

80–89 0

90–99 1

b.
a. Compute the mean price per share and the standard deviation of the
price per share for the Dow Jones Industrial Average companies.
b. On January 16, 2006, the mean price per share was K45.83 and the
standard deviation was K18.14. Comment on the changes in the price
per share over the three-year period

14 A reproductive health specialist is studying 50 couples. For each couple,


the researcher collects data on the difference in age between the husband and
wife. Particularly, the data is on how older the husband is over the wife.
a. Explain whether you would expect such a variable to include possible
negative values?
b. What is the scale of measurement for the variable? Explain your answer.
15 Suppose you have information on a community’s earnings from agricultural
(X) and non-agricultural activities (Y), all measured in Zambian Kwacha.
Suppose it is also known that the mean of X is K40 with a standard
deviation of K5 while Y has a mean of K60 and a standard deviation of K8.
Assume Cov(X, Y ) = 0
a. Compute the coefficient of variation for both sectors and comment on the
results.
b. What is the standard deviation of agricultural earnings in US$ terms?
(assume K28 per US$)
c. Calculate the simple average earnings in the economy (Z).
d. Calculate the standard deviation of the average earnings in (c)?

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