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Paraphin [41]
3 years ago
10

​Recently, a random sample of 13-18 year olds was​ asked, "How much do you currently have in​ savings?" The data in the table re

present the responses to the survey. Approximate the mean and standard deviation amount of savings.

Mathematics
1 answer:
Sonbull [250]3 years ago
6 0

Answer:

μ = 235.38

σ = 234.54

Step-by-step explanation:

Assuming the table is as follows:

\left[\begin{array}{cc}Savings&Frequency\\\$0-\$199&339\\\$200-\$399&86\\\$400-\$599&55\\\$600-\$799&18\\\$800-\$999&11\\\$1000-\$1199&8\\\$1200-\$1399&3\end{array}\right]

This is an example of grouped data, where a range of values is given rather than a single data point.  First, find the total frequency.

n = 339 + 86 + 55 + 18 + 11 + 8 + 3

n = 520

The mean is the expected value using the midpoints of each range.

μ = (339×100 + 86×300 + 55×500 + 18×700 + 11×900 + 8×1100 + 3×1300) / 520

μ = 122400 / 520

μ = 235.38

The variance is:

σ² = [(339×100² + 86×300² + 55×500² + 18×700² + 11×900² + 8×1100² + 3×1300²) − (520×235.38²)] / (520 − 1)

σ² = 55009.7

The standard deviation is:

σ = 234.54

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Arranging the given distances from sea level on the number line, we have;

  • The error made by taking Egypt as being further from the sea level is assuming that the sea level is at the beginning (left) of the number line.

<h3>How can the number line be used to find the distance from the sea level?</h3>

The given elevation of the lowest points in the six countries are;

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China. →. -154

Egypt →. -133

Azerbaijan → -28

Serbia. →. 35

Israel. → -408

Laos. →. 70

Sorting the above countries from the country with the lowest point below sea level to the country with the highest point above sea level gives;

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Egypt → -133

Azerbaijan → -28

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Laos. →. 70

On a number line, we have;

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Relative to zero, which is the sea level, points -133 and -154 are located to the left of zero.

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The error is therefore mistaking the location of the sea level as being at the extreme left of the number line, rather than at the middle.

Learn more about the number line here:

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