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STAT 200 Week 2 Problem 1 . The median incomes of females in each state of the United States, including the District of Columbia and

STAT 200 Week 2

Problem 1. The median incomes of females in each state of the United States, including the District of Columbia and Puerto Rico, are given in the table below.

Table: Data of Median Income for Females

$31,862 $40,550 $36,048 $30,752 $41,817 $40,236 $47,476 $40,500
$60,332 $33,823 $35,438 $37,242 $31,238 $39,150 $34,023 $33,745
$33,269 $32,684 $31,844 $34,599 $48,748 $46,185 $36,931 $40,416
$29,548 $33,865 $31,067 $33,424 $35,484 $41,021 $47,155 $32,316
$42,113 $33,459 $32,462 $35,746 $31,274 $36,027 $37,089 $22,117
$41,412 $31,330 $31,329 $33,184 $35,301 $32,843 $38,177 $40,969
$40,993 $29,688 $35,890 $34,381

(a) Create a frequency distribution, relative frequency distribution, and cumulative frequency distribution for the data in the table distribution using 7 classes.

(b) Create a frequency histogram and relative frequency histogram for the data in the table. Based on the histograms, describe the shape of the distribution.

(c) Create an ogive for the data in the table.

(d) Describe any findings you can from the graphs in (b) and (c).

Problem 2. The table below contains the value of houses and the amount of rental income in a year that each of these houses brings in.

Table: Data of House Value versus Rental

Value Rental Value Rental Value Rental Value Rental
81000 6656 77000 4576 75000 7280 67500 6864
95000 7904 94000 8736 90000 6240 85000 7072
121000 12064 115000 7904 110000 7072 104000 7904
135000 8320 130000 9776 126000 6240 125000 7904
145000 8320 140000 9568 140000 9152 135000 7488
165000 13312 165000 8528 155000 7488 148000 8320
178000 11856 174000 10400 170000 9568 170000 12688
200000 12272 200000 10608 194000 11232 190000 8320
214000 8528 208000 10400 200000 10400 200000 8320
240000 10192 240000 12064 240000 11648 225000 12480
289000 11648 270000 12896 262000 10192 244500 11232
325000 12480 310000 12480 303000 12272 300000 12480

Create a scatter plot of the data above and determine if there is a linear (positive or negative) relationship (or no linear relationship) between the value of the house and its annual rental income.

Problem 3. The economic crisis of 2008 affected many countries, though some more than others.Some people in Australia have claimed that Australia wasn't hurt that badly from the crisis. The bank assets (in billions of Australia dollars (AUD)) of the Reserve Bank of Australia (RBA) for the time period of March 2006 through March 2013 are contained in the table below.

Table: Data of Date versus RBA Assets

Date Assets in billions of AUD
Mar-2006 96.9
Jun-2006 107.4
Sep-2006 107.2
Dec-2006 116.2
Mar-2007 123.7
Jun-2007 134.0
Sep-2007 123.0
Dec-2007 93.2
Mar-2008 93.7
Jun-2008 105.6
Sep-2008 101.5
Dec-2008 158.8
Mar-2009 118.7
Jun-2009 111.9
Sep-2009 87.0
Dec-2009 86.1
Mar-2010 83.4
Jun-2010 85.7
Sep-2010 74.8
Dec-2010 76.0
Mar-2011 75.7
Jun-2011 75.9
Sep-2011 75.2
Dec-2011 87.9
Mar-2012 91.0
Jun-2012 90.1
Sep-2012 83.9
Dec-2012 95.8
Mar-2013 90.5

Create a time-series plot of the data in the above table and interpret any findings.

Problem 4. The lengths (in kilometers) of rivers on the South Island of New Zealand that flow to the Pacific Ocean are listed in the table below.

Table: Length of Rivers (km) Flowing to the Pacific Ocean

River Length (km)
Clarence 209
Conway 48
Waiau 169
Hurunui 138
Waipara 64
Ashley 97
Waimakariri 161
Selwyn 95
Rakaia 145
Ashburton 90
Clutha 322
Taieri 288
Shag 72
Kakanui 64
Rangitata 121
Ophi 80
Pareora 56
Waihao 64
Waitaki 209

For the data in the above table, find the following:

(a) Mean

(b) Median

(c) Mode

(d) Range

(e) Variance

(f) Standard Deviation

Problem 5. State which type of measurement scale (e.g., nominal, ordinal, etc.) each of the following represents, and then which center measures (e.g., mean, mode, etc.) can be used for the variable?

(a) You collect data on the height of plants using a new type of soil.

(b) You collect data on the cars that people drive in Sydney, Australia.

(c) You collect data on the temperature at different locations in Antarctica.

(d) You collect data on the first, second, and third winner in a wine competition.

Problem 6. Employees at Anne Arundel Community College (AACC) are evaluated based on goal setting and accomplishments toward goals, job effectiveness, competencies, and AACC core values. Suppose for a specific employee:

Goal 1 has a weight of 20%

Goal 2 has a weight of 20%

Goal 3 has a weight of 10%

Job effectiveness has a weight of 25%

Competency 1 has a weight of 4%

Competency 2 has a weight of 3%

Competency 3 has a weight of 3%

Competency 4 has a weight of 5%

Core values has a weight of 10%.

Suppose the employee has scores of 2.0 for Goal 1, 2.0 for Goal 2, 4.0 for Goal 3, 3.0 for Job effectiveness, 2.0 for Competency 1, 3.0 for Competency 2, 2.0 for Competency 3, 3.0 for Competency 4, and 4.0 for Core values.

(a) Find the weighted average score for this employee.

(b) AACC policy is that if an employee has a weighted average score less than 2.5, the employee must have a Performance Enhancement Plan written.Does this employee need a plan?

Problem 7.The We-Print-Everything printing company spends specific amounts on fixed costs every month. The fixed costs are shown in the table below.

Table: Fixed Costs for the We-Print-Everything Printing Company

Monthly charges Monthly cost ($)
Bank charges 482
Cleaning 2208
Computer expenses 2471
Lease payments 2656
Postage 2117
Uniforms 2600

For the data in the above table, find the following:

(a) Mean

(b) Median

(c) Range

(d) Variance

(e) Standard Deviation

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