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University of The Southern Caribbean Maracas Royal Road, Maracas, St. Joseph

Here are the steps to solve this question: 1. Calculate the mean: Add all values: 44 + 50 + 38 + 96 + 42 + 47 + 40 + 39 + 46 + 50 = 502 Divide total by number of values (10): 502/10 = $49.20 2. Calculate the variance: Subtract the mean from each value: 44 - 49.20 = -5.20 50 - 49.20 = 0.80 38 - 49.20 = -11.20 96 - 49.20 = 46.80 42 - 49.20 = -7.20 47 - 49.20 = -2.20 40 - 49.20 = -

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Zenika Peters
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1K views

University of The Southern Caribbean Maracas Royal Road, Maracas, St. Joseph

Here are the steps to solve this question: 1. Calculate the mean: Add all values: 44 + 50 + 38 + 96 + 42 + 47 + 40 + 39 + 46 + 50 = 502 Divide total by number of values (10): 502/10 = $49.20 2. Calculate the variance: Subtract the mean from each value: 44 - 49.20 = -5.20 50 - 49.20 = 0.80 38 - 49.20 = -11.20 96 - 49.20 = 46.80 42 - 49.20 = -7.20 47 - 49.20 = -2.20 40 - 49.20 = -

Uploaded by

Zenika Peters
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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UNIVERSITY OF THE SOUTHERN CARIBBEAN

MARACAS ROYAL ROAD, MARACAS, ST. JOSEPH.


.

An Assignment
Presented in Partial Fulfillment
of the Requirements for the Course

MGMT:301 Business Statistics

INSTRUCTOR: Alexis-St. Hilaire

By

Zenika Peters

February 4nd, 2021

Approval…………
University of the Southern Caribbean
Semester 2 - 2021
MGMT301: Business Statistics
Exercise - Topic: Numerical Descriptive Data
Available: Sunday 31st January, 2021 at 12:00pm
Due: Tuesday 2nd February 2021 at 5:50pm
Submit your answers via Aeorion!

Section 1 – Answer all questions below (10 marks)

1. The University of the Southern Caribbean student evaluation of teaching effectiveness


for business statistics asks students to respond to their level of agreement with several
statements according to the scale;
1 = Strongly Agree, 2 = Agree, 3 = Neutral, 4 = Disagree, and 5 = Strongly Disagree.
The responses indicate what level of measurement?
a) ratio
b) nominal
c) ordinal
d) interval

2. The difference between interval data and ratio data is that ratio data has a true zero.
a) True
b) False

3. On June 9, 2020, the average closing price of a group of stock on the stock exchange
is $40. If the median value is $35. and the mode is $23. Which distribution on these
stock below represent the data.

a) distribution (a)
b) distribution (b)
c) distribution (c)

4. The PSTC published figures on the busiest routes in Trinidad. The following
frequency distribution has been constructed from these figures for the year 2019.
Assume these are population data.
Number of Passengers Arriving and Number of routes
Departing (thousands)
20 9
30 8
40 3
50 0
60 4
70 1

a. calculate the mean of these data- 45,000 passengers


b. calculate the mode of these data- 70,000 passengers
c. calculate the median of these data- 90,000
d. calculate the range- 50,000 passengers

5. The variance of data set is 23.46, calculate the standard deviation= 4.84

6. A sample of USC students was asked how much they spent monthly on a cell phone
plan (to the nearest dollar). Calculate the standard deviation of this data set (grouped)
Monthly Cell Phone Plan Cost Number of Students
($)
10 - 19 12
20 - 29 14
30 - 39 21
40 - 49 15
50 - 59 8
Section 2 – Answer all sections of this question (10 marks)
The owner of the ZTO Fast Food restaurant is interested in how much people spend at the
restaurant.  She examines 10 randomly selected receipts for single customers and writes down
the following data.
        44,  50,   38,   96,   42,   47,   40,   39,   46,   50
1. Calculate the mean- $49.20
2. Calculate the variance -
3. Calculate the standard deviation
4. At least what percentage of diners spent between $30.00 and $68.40 at the restaurant.

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