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These review exercises are designed to provide extra practice on concepts learned before a particular chapter. For example, the review exercises for Chapter 3, cover material learned in chapters 1 and 2.

Chapter 3

Use the following information to answer the next six exercises: In a survey of 100 stocks on NASDAQ, the average percent increase for the past year was 9% for NASDAQ stocks.

1 . The “average increase” for all NASDAQ stocks is the:

  1. population
  2. statistic
  3. parameter
  4. sample
  5. variable

2. All of the NASDAQ stocks are the:

  1. population
  2. statistics
  3. parameter
  4. sample
  5. variable

3. Nine percent is the:

  1. population
  2. statistics
  3. parameter
  4. sample
  5. variable

4. The 100 NASDAQ stocks in the survey are the:

  1. population
  2. statistic
  3. parameter
  4. sample
  5. variable

5. The percent increase for one stock in the survey is the:

  1. population
  2. statistic
  3. parameter
  4. sample
  5. variable

6. Would the data collected by qualitative, quantitative discrete, or quantitative continuous?

Use the following information to answer the next two exercises: Thirty people spent two weeks around Mardi Gras in New Orleans. Their two-week weight gain is below. (Note: a loss is shown by a negative weight gain.)

Weight Gain Frequency
–2 3
–1 5
0 2
1 4
4 13
6 2
11 1

7. Calculate the following values:

  1. the average weight gain for the two weeks
  2. the standard deviation
  3. the first, second, and third quartiles

8. Construct a histogram and box plot of the data.

Chapter 4

Use the following information to answer the next two exercises: A recent poll concerning credit cards found that 35 percent of respondents use a credit card that gives them a mile of air travel for every dollar they charge. Thirty percent of the respondents charge more than $2,000 per month. Of those respondents who charge more than $2,000, 80 percent use a credit card that gives them a mile of air travel for every dollar they charge.

9. What is the probability that a randomly selected respondent will spend more than $2,000 AND use a credit card that gives them a mile of air travel for every dollar they charge?

  1. (0.30)(0.35)
  2. (0.80)(0.35)
  3. (0.80)(0.30)
  4. (0.80)

10. Are using a credit card that gives a mile of air travel for each dollar spent AND charging more than $2,000 per month independent events?

  1. Yes
  2. No, and they are not mutually exclusive either.
  3. No, but they are mutually exclusive.
  4. Not enough information given to determine the answer

11. A sociologist wants to know the opinions of employed adult women about government funding for day care. She obtains a list of 520 members of a local business and professional women’s club and mails a questionnaire to 100 of these women selected at random. Sixty-eight questionnaires are returned. What is the population in this study?

  1. all employed adult women
  2. all the members of a local business and professional women’s club
  3. the 100 women who received the questionnaire
  4. all employed women with children

Use the following information to answer the next two exercises: The next two questions refer to the following: An article from The San Jose Mercury News was concerned with the racial mix of the 1500 students at Prospect High School in Saratoga, CA. The table summarizes the results. (Male and female values are approximate.) Suppose one Prospect High School student is randomly selected.

Questions & Answers

I don't get the example
Hadekunle Reply
ways of collecting data at least 10 and explain
Ridwan Reply
Example of discrete variable
Bada Reply
sales made monthly.
I am new here, can I get someone to guide up?
dies outcome is 1, 2, 3, 4, 5, 6 nothing come outside of it. it is an example of discrete variable
continue variable is any value value between 0 to 1 it could be 4digit values eg 0.1, 0.21, 0.13, 0.623, 0.32
How to answer quantitative data
Alhassan Reply
what's up here ... am new here
sorry question a bit unclear...do you mean how do you analyze quantitative data? If yes, it depends on the specific question(s) you set in the beginning as well as on the data you collected. So the method of data analysis will be dependent on the data collecter and questions asked.
how to solve for degree of freedom
Quantitative data is the data in numeric form. For eg: Income of persons asked is 10,000. This data is quantitative data on the other hand data collected for either make or female is qualitative data.
Degree of freedom is the unconditionality. For example if you have total number of observations n, and you have to calculate variance, obviously you will need mean for that. Here mean is a condition, without which you cannot calculate variance. Therefore degree of freedom for variance will be n-1.
data that is best presented in categories like haircolor, food taste (good, bad, fair, terrible) constitutes qualitative data
vegetation types (grasslands, forests etc) qualitative data
I don't understand how you solved it can you teach me
Caleb Reply
solve what?
What is the end points of a confidence interval called?
lower and upper endpoints
Class members write down the average time (in hours, to the nearest half-hour) they sleep per night.
William Reply
how we make a classes of this(170.3,173.9,171.3,182.3,177.3,178.3,174.175.3)
why is always lower class bundry used
Assume you are in a class where quizzes are 20% of your grade, homework is 20%, exam _1 is 15%,exam _2 is 15%, and the final exam is 20%.Suppose you are in the fifth week and you just found out that you scored a 58/63 on the fist exam. You also know that you received 6/9,8/10,9/9 on the first
Diamatu Reply
quizzes as well as a 9/11,10/10,and 4.5/7 on the first three homework assignment. what is your current grade in the course?
the answer is 2.6
if putting y=3x examine that correlation coefficient between x and y=3x is 1.
Aadrsh Reply
what is permutation
Rodlett Reply
how to construct a histogram
Baalisi Reply
You have to plot the class midpoint and the frequency
ok so you use those two to draw the histogram right.
ok can i be a friend so you can be teaching me small small
how do you calculate cost effectiveness?
Hi everyone, this is a very good statistical group and am glad to be part of it. I'm just not sure how did I end up here cos this discussion just popes on my screen so if I wanna ask something in the future, how will I find you?
To make a histogram, follow these steps: On the vertical axis, place frequencies. Label this axis "Frequency". On the horizontal axis, place the lower value of each interval. ... Draw a bar extending from the lower value of each interval to the lower value of the next interval.
I really appreciate that
umar Reply
I want to test linear regression data such as maintenance fees vs house size. Can I use R square, F test to test the relationship? Is the good condition of R square greater than 0.5
Mok Reply
yes of course must have use f test and also use t test individually multple coefficients
hi frnd I'm akeem by name, I wanna study economics and statistics wat ar d thing I must do to b a great economist
Is R square cannot analysis linear regression of X vs Y relationship?
To be an economist you have to be professional in maths
hi frnds
what is random sampling what is sample error
Nistha Reply
@Nistha Kashyap Random sampling is the selection of random items (or random numbers) from the group. A sample error occurs when the selected samples do not truely represent the whole group. The can happen when most or all of the selected samples are taken from only one section of the group;
Thus the sample is not truely random.
What is zero sum game?
Hassan Reply
A game in which there is no profit & no loss to any of the both player.

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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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