Six people were asked to determine the amount of money they were carrying, to the nearest dollar.

Question:

Six people were asked to determine the amount of money they were carrying, to the nearest dollar. The results were $32, $60, $14, $25, $5, $68

(a) Determine the range and standard deviation of the amounts.

(b) Determine the range and standard deviation of the new set of data. Do the results agree with your answer to part (b)? If not, explain why.

Where appropriate, round standard deviations to the nearest hundredth.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

See More Books

Question Posted: Feb 01, 2019 09:45 AM

See More Questions

Suppose Gatorade has developed four new drink flavors and would like to conduct a taste test to collect data on customers preferences. Six people were asked to sample and rate each flavor on a scale...
In a survey, 200 people were asked to identify their major source of news information; 110 stated that their major source was television news. a. Construct a 95% confidence interval for the...
People were asked to give a personal probability assessment of the possible occurrence of each of the following two events (Kahneman, 2011, p. 159): A massive flood somewhere in North America next...
The current quoted price of a 13% coupon bond is $110. It pays coupon semi-annually. The next coupon will be paid in 6-days (total number of days in this semi-annual period is 181) and the futures...
Hank started a new business in June of last year, Hank's Donut World (HW for short). He has requested your advice on the following specific tax matters associated with HW's first year of operations....
The owner of the Petreno Pharmaceuticals Company is evaluating the expected annual sales for a new line of facial care products and estimates that there is a 60 percent chance that the product line...
Consider a continuous-time economy with complete markets and a representative individual having an external habit formation or keeping up with the Joneses utility function so that, at any time t, the...
PRIME Inc. purchased 80% of the common shares of SQUARE Inc. for $5,000,000 on January 1, 2017. On that date, SQUARE Inc.'s Common Shares and Retained Earnings were valued at $3,440,000 and...
Blossom Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $180. On September 30, there were $48 cash and the following petty cash receipts in the...
Allison and Leslie, who are twins, just received $10,000 each for their 25th birthday. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her early...
The amount of money seven people spent on prescription medication in a year are as follows: $600, $100, $850, $350, $250, $140, $300. Determine the range and standard deviation of the amounts. Where...
(a) What conclusions can you draw about changes in the mean and the standard deviation when the same number is added to or subtracted from each piece of data in a set of data? (b) How will the mean...
Impala Window Washing Services prepares adjustments monthly and shows the following selected accounts on its December 31, 2014, unadjusted trial balance: Required Prepare the required monthly...
a) Describe the following concepts in the context of organizational development. b) Discuss how these concepts interrelate and support each other within an organizational framework
Q2. a) Analyze the importance of communication in the change management process. b) Suggests strategies that a Disaster Management Organization can employ to ensure effective communication during...
Q3. a) Explain the following Change Management Models
Q3. b) Discuss how each model can be applied in real-world organizational change scenarios.
In this question, you will work step-by-step through an optimization problem. A craftsman wants to make a cylindrical jewelry box that has volume, V, equal to 55 cubic inches. He will make the base...
Describe the four major types of financial markets.
The Cholesterol Level data sets give cholesterol levels of heart attack patients. Cholesterol measures are taken 2, 4, and 14 days aft er a patient has suffered a heart attack. Is there a significant...
For the geometric distribution p(y) = y (1 ), y = 0, 1, 2,... , show that the tail method for constructing a confidence interval [i.e., equating P(Y y) and P(Y y) to /2] yields [(/2) 1/y , (1 ...
For a sequence of independent Bernoulli trials, Y is the number of successes before the kth failure. Explain why its probability mass function is the negative binomial, [For it, E(Y) =...
Treatments A and B were compared on a binary response for 40 pairs of subjects matched on relevant covariates. For each pair, treatments were assigned to the subjects randomly. Twenty pairs of...
Lakeland Inc. manufactured 2,500 units during the month of March. They incurred direct materials cost of $58,000 and overhead costs of $40,000. If their per-unit prime cost was $32.00 per unit, how...
Present Value Computations Using the present value tables, solve the following. ( Click here to access the PV and FV tables to use with this problem. ) Round your answers to two decimal places....
A company provided the following data: Sales $887,000 Variable costs $546,800 Fixed costs $310,000 Expected production and sales in units 36,000 What is the break-even point in sales dollars? Please...

Six people were asked to determine the amount of money they were carrying, to the nearest dollar.

Question:

Step by Step Answer:

a Range 68 5 63 x 2046 34 b Ran...View the full answer

A Survey of Mathematics with Applications

Students also viewed these Mathematics questions