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- Practice 2: spread of the data
Practice exercise for Descriptive Statistics
Student learning outcomes
- The student will calculate measures of the center of the data.
- The student will calculate the spread of the data.
Given
The population parameters below describe the full-time equivalent number of students (FTES) each year at Lake Tahoe Community College from 1976-77 through 2004-2005. (
Source: Graphically Speaking by Bill King, LTCC Institutional Research, December 2005 ).
Use these values to answer the following questions:
-
= 1000 FTES
- Median = 1014 FTES
-
= 474 FTES
- First quartile = 528.5 FTES
- Third quartile = 1447.5 FTES
-
= 29 years
Calculate the values
Additional Information: The population FTES for 2005-2006 through 2010-2011 was given in an updated report. (Source: http://www.ltcc.edu/data/ResourcePDF/LTCC_FactBook_2010-11.pdf). The data are reported here.
|
Year |
2005-06 |
2006-07 |
2007-08 |
2008-09 |
2009-10 |
2010-11 |
|
Total FTES |
1585 |
1690 |
1735 |
1935 |
2021 |
1890 |
Calculate the mean, median, standard deviation, first quartile, the third quartile and the IQR. Round to one decimal place.
mean = 1809.3
median = 1812.5
standard deviation = 151.2
First quartile = 1690
Third quartile = 1935
IQR = 245
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Compare the IQR for the FTES for 1976-77 through 2004-2005 with the IQR for the FTES for 2005-2006 through 2010-2011. Why do you suppose the IQRs are so different?
Hint: Think about the number of years covered by each time period and what happened to higher education during those periods.
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Questions & Answers
differentiate between demand and supply
giving examples
differentiated between demand and supply using examples
Lambiv
how is the graph works?I don't fully understand
hi guys good evening to all
Lambiv
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
Can I ask you other question?
Shukri
What is different between quantity demand and demand?
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
how do you save a country economic situation when it's falling apart
what is the difference between economic growth and development
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
any question about economics?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:
OpenStax, Collaborative statistics. OpenStax CNX. Jul 03, 2012 Download for free at http://cnx.org/content/col10522/1.40
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