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Maris conducted a study on the effect that playing video games has on memory recall. As part of her study, she compiled the following data:

Hours Teenagers Spend on Video Games Number of Teenagers
0–3.5 3
3.5–7.5 7
7.5–11.5 12
11.5–15.5 7
15.5–19.5 9

What is the best estimate for the mean number of hours spent playing video games?

Find the midpoint of each interval, multiply by the corresponding number of teenagers, add the results and then divide by the total number of teenagers
The midpoints are 1.75, 5.5, 9.5, 13.5,17.5.
Mean = (1.75)(3) + (5.5)(7) + (9.5)(12) + (13.5)(7) + (17.5)(9) = 409.75

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References

Data from The World Bank, available online at http://www.worldbank.org (accessed April 3, 2013).

“Demographics: Obesity – adult prevalence rate.” Indexmundi. Available online at http://www.indexmundi.com/g/r.aspx?t=50&v=2228&l=en (accessed April 3, 2013).

Chapter review

The mean and the median can be calculated to help you find the "center" of a data set. The mean is the best estimate for the actual data set, but the median is the best measurement when a data set contains several outliers or extreme values. The mode will tell you the most frequently occuring datum (or data) in your data set. The mean, median, and mode are extremely helpful when you need to analyze your data, but if your data set consists of ranges which lack specific values, the mean may seem impossible to calculate. However, the mean can be approximated if you add the lower boundary with the upper boundary and divide by two to find the midpoint of each interval. Multiply each midpoint by the number of values found in the corresponding range. Divide the sum of these values by the total number of data values in the set.

Formula review

μ = f m f Where f = interval frequencies and m = interval midpoints.

Find the mean for the following frequency tables.

  1. Grade Frequency
    49.5–59.5 2
    59.5–69.5 3
    69.5–79.5 8
    79.5–89.5 12
    89.5–99.5 5
  2. Daily Low Temperature Frequency
    49.5–59.5 53
    59.5–69.5 32
    69.5–79.5 15
    79.5–89.5 1
    89.5–99.5 0
  3. Points per Game Frequency
    49.5–59.5 14
    59.5–69.5 32
    69.5–79.5 15
    79.5–89.5 23
    89.5–99.5 2
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Use the following information to answer the next three exercises: The following data show the lengths of boats moored in a marina. The data are ordered from smallest to largest:

  • 16
  • 17
  • 19
  • 20
  • 20
  • 21
  • 23
  • 24
  • 25
  • 25
  • 25
  • 26
  • 26
  • 27
  • 27
  • 27
  • 28
  • 29
  • 30
  • 32
  • 33
  • 33
  • 34
  • 35
  • 37
  • 39
  • 40

Calculate the mean.

Mean: 16 + 17 + 19 + 20 + 20 + 21 + 23 + 24 + 25 + 25 + 25 + 26 + 26 + 27 + 27 + 27 + 28 + 29 + 30 + 32 + 33 + 33 + 34 + 35 + 37 + 39 + 40 = 738;

738 27 = 27.33

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Identify the mode.

The most frequent lengths are 25 and 27, which occur three times. Mode = 25, 27

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Use the following information to answer the next three exercises: Sixty-five randomly selected car salespersons were asked the number of cars they generally sell in one week. Fourteen people answered that they generally sell three cars; nineteen generally sell four cars; twelve generally sell five cars; nine generally sell six cars; eleven generally sell seven cars. Calculate the following:

sample mean = x = _______

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Bringing it together

Javier and Ercilia are supervisors at a shopping mall. Each was given the task of estimating the mean distance that shoppers live from the mall. They each randomly surveyed 100 shoppers. The samples yielded the following information.

Javier Ercilia
x 6.0 miles 6.0 miles
s 4.0 miles 7.0 miles
  1. How can you determine which survey was correct ?
  2. Explain what the difference in the results of the surveys implies about the data.
  3. If the two histograms depict the distribution of values for each supervisor, which one depicts Ercilia's sample? How do you know?
    This shows two histograms. The first histogram shows a fairly symmetrical distribution with a mode of 6. The second histogram shows a uniform distribution.
  4. If the two box plots depict the distribution of values for each supervisor, which one depicts Ercilia’s sample? How do you know?
    This shows two horizontal boxplots. The first boxplot is graphed over a number line from 0 to 21. The first whisker extends from 0 to 1. The box begins at the first quartile, 1, and ends at the third quartile, 14. A vertical, dashed line marks the median at 6. The second whisker extends from the third quartile to the largest value, 21. The second boxplot is graphed over a number line from 0 to 12.  The first whisker extends from 0 to 4. The box begins at the first quartile, 4, and ends at the third quartile, 9. A vertical, dashed line marks the median at 6. The second whisker extends from the third quartile to the largest value, 12.
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Use the following information to answer the next three exercises : We are interested in the number of years students in a particular elementary statistics class have lived in California. The information in the following table is from the entire section.

Number of years Frequency Number of years Frequency
Total = 20
7 1 22 1
14 3 23 1
15 1 26 1
18 1 40 2
19 4 42 2
20 3

What is the IQR ?

  1. 8
  2. 11
  3. 15
  4. 35

a

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What is the mode?

  1. 19
  2. 19.5
  3. 14 and 20
  4. 22.65
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Is this a sample or the entire population?

  1. sample
  2. entire population
  3. neither

b

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Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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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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