Can you guys help me with these?
2 answers:
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Answer:
1. mean = 980 median = $895.5
2. 308, 593, 895.5, 1425, 1720
3. 491.7978
4. 895.5
5. 50.28%
Step-by-step explanation:
1. mean $1,589+$593+$1,223+$869+$423+$1,720+$708+$1,425+$922+$308/10
= 9780/10
= $978
median
We first arrange the values in ascending order
308,423,593,708,869,922,1223,1425,1589,1720
number of observation is even so we pick the 2 values in the middle and divide by 2
= 869+922/2
= $1791/2
$895.5
2. five number summary of change
the botom half of th dta set = 308,423,593,708,869
minimum value = 308
n = 5
median = 593 = q1
from 1, q2 = median = $895.5
the upper half of data
922,1223,1425,1589,1720
n = 5
median = $1425
maximum value = $1720
the five number summary of change in cost is therefore
308, 593, 895.5, 1425, 1720
3. standard deviation
bar x is the mean = 978
($1,589-978)²+ ($593-978)²+ ($1,223-978)²+ ($869-978)+ ($423-978)²+ $1,720-978)²+($708-978)²+ ($1,425-978)²+ ($922-978)²+ ($308-978)²
= 2176786
=
=
= 491.7978
4. middle 50% is spread over the median, which is 895.5
5. coefficient of variation
= s/bar x * 100
= 491.7978/978 * 100
= 49179.78/978
= 50.28%
6. z score = x - mean/s
x = 1589
= 1589-978/491.7978
= 1.2424
for x = 593
593-978/491.7978
= -0.7828
= 0.7828
for x = 1223
1223-978/491.7978
= 0.4982
for x = 869
869-978/491.7978
= -0.2216
= 0.2216
for x = 423
423-978/491.7978
= -1.1285
= 1.1285
x = 1720
1720-978/491.7978
z = 1.5088
for x = 708
708-978/491.7978
= -0.5490
= 0.5490
for x = 1425
1425-978/491.7978
= 0.9089
for x = 922
922-978/491.7978
= -0.1139
= 0.1139
for x = 308
308-978/491.7978
= -1.3624
= 1.3624