Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 23, 2024

GIVE TYPED WRITING SO I CAN UNDERSTAND CLEARLY. Kindly give correct answers and step by step working.do not skip steps.Mention clearly about the formula and

GIVE TYPED WRITING SO I CAN UNDERSTAND CLEARLY.

Kindly give correct answers and step by step working.do not skip steps.Mention clearly about the formula and the conversion.be very clear.do not skip steps.be very clear.NUMBER THE Ans CLEARLY.
QMT245 OCT2016
QUESTION 1 The following table gives the frequency distribution of the total miles driven by 80 car owners. Miles Driven (in thousand) Number of Car Owners 0 -5 5-10 26 10 -15 15 15 - 20 10 20 - 25 14 25 - 30 8 a) Draw a 'less than' ogive for the above data. (3 marks) b) From the ogive, estimate the median and interpret its meaning. (2 marks) c) Calculate the mean and standard deviation for the number of miles driven. (5 marks) d) Calculate the modal value and interpret its meaning. (3 marks) e) Determine the shape of the distribution. (2 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968

Students also viewed these Mathematics questions

Question

★★★★★

What are some important IT management challenges that would likely be encountered in working toward the Modular architecture inFigure? Organization & Date Information Security Breach Blue Cross Blue...

Answered: 1 week ago

Question

★★★★★

53. Suppose X is a Poisson random variable with mean . The parameter is itself a random variable whose distribution is exponential with mean 1. Show that P{X = n} = ( 1 2 )n+1.

Answered: 1 week ago

Question

★★★★★

Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the filing status of married filing jointly. a. Taxable income of $62,449 that includes dividend...

Answered: 1 week ago

Question

★★★★★

QUESTION 1 If a firm uses part of the cash it received from payment of an account receivable to buy inventory and leaves the rest in its bank account, its current ratio will remain unchanged. True...

Answered: 1 week ago

Question

★★★★★

Basic CVP Concepts: Basic Concepts - Knowledge Check Knowledge Check Ivanhoe Company has a unit selling price of $ 1 8 , a unit variable cost of $ 7 . 2 0 , and total fixed costs of $ 2 5 , 9 2 0 ....

Answered: 1 week ago

Question

★★★★★

Smith Enterprises recently was profiled on a financial information website and touted as a "hot" growth stock. You acquired the stock quote shown here from that website. Smith Enterprises (DAX: SME)...

Answered: 1 week ago

Question

★★★★★

A knife found buried 7 inches deep in the ground would be marked on the evidence collection site map as _____. a. -7 b. 7 c. 7 BG d. UG 7

Answered: 1 week ago

Question

★★★★★

Week 14 Homework i 5 points 1 Saved Andretti Company has a single product called a Dak. The company normally produces and sells 83,000 Daks each year at a selling price of $60 per unit. The company's...

Answered: 1 week ago

Question

★★★★★

3. The normal melting point of CaTiSiO5 is 1,400C and the heat of fusion at the normal melting point is 123,700 J mol-. Calculate the heat of fusion at 1,300C. Cp, solid CaTiSiO5 = 177.4 +23.2 10- TJ...

Answered: 1 week ago

Question

★★★★★

LAND DESCRIBED AS FOLLOWS Schains 21LINKS Achains 21 Links N 40 30' E 4 chains 25 LINKS 3 chains H 49 30' W. OLD 5 chains N 40 30' E FARM ROAD 1. Determine the area of the enclosed property in square...

Answered: 1 week ago

Question

★★★★★

We would like learn about the correlation coefficient using Excel. Lets look at the following question. To find out how genetically related the cholesterol level is, they measured the cholesterol...

Answered: 1 week ago

Previous Question Next Question