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]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcc%7DSavings%26Frequency%5C%5C%5C%240-%5C%24199%26339%5C%5C%5C%24200-%5C%24399%2686%5C%5C%5C%24400-%5C%24599%2655%5C%5C%5C%24600-%5C%24799%2618%5C%5C%5C%24800-%5C%24999%2611%5C%5C%5C%241000-%5C%241199%268%5C%5C%5C%241200-%5C%241399%263%5Cend%7Barray%7D%5Cright%5D)
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
What are the following rates?
You convert a decimal to a fraction by putting the digits to the right of the decimal point over "1" followed by the same number of zeros. (Most folks learn this in 3rd or 4th grade.)
0.66 = 66/100 . . . . . 2 decimals, so the denominator is 100
Then you reduce the fraction by canceling common factors. It helps to know your times tables and divisibility rules. (Or you can have your calculator do it.)
0.66 = 66/100 = 33/50
1.00 = 100/100 = 1
I'm pretty sure y=1.3=0.25x