Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi i am really stuck here with my statistics homework, I need some help honestly anything helps ill be sure to leave a good rating-

Hi i am really stuck here with my statistics homework, I need some help honestly anything helps ill be sure to leave a good rating- thank you:)

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Given population parameters for two populations, population 1 has a mean of 700 and a standard deviation equal to 40. Population 2 has a mean of 27,000 and a standard deviation equal to 5,000. Complete parts a and b below. a) Compute the coefficient of variation for each population. The coefficient of variation of population 1 is %. (Round to one decimal place as needed.)The branch manager for a bank has been asked to prepare a presentation for next week's board meeting. At the presentation, she will discuss the status of her branch's loans issued for recreation vehicles (RVs). In particular, she will analyze the loan balances for a sample often RV loans. The accompanying data were collected. Complete parts a through c below. $11,554 $8,014 $13,173 $17,066 $16,791 17h $18,629 $4,933 $11,786 $17,196 $8,775 a. Compute the mean loan balance. The mean loan balance is $|:|. (Round to the nearest dollar as needed.) A random sample of 20 pledges to a public radio fundraiser revealed the dollar 85 70 70 60 pledges to the right. Complete parts a and b below. 50 70 90 135 50 80 35 135 85 100 50 100 100 100 90 160 a. Assume that the data set is a sample. Compute the range, variance, standard deviation, and interquartile range for the data set. The range for the data set is I]. (Type an integer or a decimal.) A magazine reported the accompanying summary for the household incomes of its two types of subscribers, the print reader and Audience Median the digital reader. Interpret the median salary for the print and digital readers. Print readers $92,400 Digital readers $88,600 Interpret the median income for the print readers. Choose the correct answer below. 0 A. Half of the incomes for the print readers are smaller than or equal to $88,600, and the other half of the incomes for the print readers are larger than or equal to $88,600. 0 B. The arithmetic average of the print reader's incomes is $92,400. 0 C. The most common value for a print reader's income is $92,400. 0 D. Half of the incomes for the print readers are smaller than or equal to $92,400, and the other half of the incomes for the print readers are larger than or equal to $92,400. The operations manager of a plant that manufactures tires wants to compare the actual inner diameters of two grades of tires, each of which is expected to be 575 millimeters. Samples of five tires from each grade were selected, and the results representing the inner diameters of the tires, ranked from smallest to largest, are shown below. Complete parts (a) through (c) below. Grade X Grade Y 569 571 575 579 585 573 574 575 577 581 a. For each of the two grades of tires, compute the mean, median, and standard deviation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Performance Analysis And Synthesis For Discrete-Time Stochastic Systems With Network-Enhanced Complexities

Authors: Derui Ding, Zidong Wang, Guoliang Wei

1st Edition

0429880022, 9780429880025

More Books

Students also viewed these Mathematics questions

Question

undertake a thematic analysis of your data;

Answered: 1 week ago