The amount spent on textbooks for the fall term was recorded for a sample of five university students. The following data were observed: \(400, \)350, \(600, \)525, and $450. Calculate each of the following values for this data:

a.The sample mean

b.The sample median

c.The sample range

d.The standard deviation

Short Answer

Expert verified

a. Mean = $465

b. Median = $450

c. Range = $250

d. Standard Deviation = $99.37

Step by step solution

01

Calculating the mean

x =400, 350, 600, 525, 450

Mean=χn=400+350+600+525+4505=23255=$465

Therefore, the mean value of books is $465.

02

Computing the median

Arranging the data in ascending order,

350, 400, 450, 525, 600

As the sample size is odd, the central value is 450. Therefore, $450 is the median.

03

Finding the range

Maximum value = $600

Minimum value = $350

Range=MaxMin=600350=$250

Therefore, the range is $250.

04

Estimating the standard deviation

Variance=χ2n1=4004652+3504652+6004652+5254652+450465251=4225+13225+18225+3600+2254=395004

=9875

StandardDeviation=Variance=9875=99.37

Therefore, the standard deviation is $99.37.

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Most popular questions from this chapter

Consider the horizontal box plot shown below.


a.What is the median of the data set (approximately)?

b.What are the upper and lower quartiles of the data set (approximately)?

c.What is the interquartile range of the data set (approximately)?

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e.What percentage of the measurements in the data set lie to the right of the median? To the left of the upper quartile?

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a. The driver-side star ratings for the 98 cars are summarized in the Minitab printout shown below. Use the information in the printout to form a pie chart. Interpret the graph.

Tally for Discrete Variables: DRIVSTAR

DRIVSTAR

Count

Percent

2

3

4

5

N =

4

17

59

18

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18.37


b. One quantitative variable recorded by the NHTSA is the driver’s severity of head injury (measured on a scale from 0 to 1,500). The mean and standard deviation for the 98 driver head-injury ratings are displayed in the Minitab printout below. Give a practical interpretation of the mean.
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Variable

N

Mean

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Q1

Median

Q3

Maximum

DRIVHEAD

98

603.7

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216.0

475.0

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