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Descriptive statistics

Class Time:

Names:

    Student learning outcomes

  • The student will construct a histogram and a box plot.
  • The student will calculate univariate statistics.
  • The student will examine the graphs to interpret what the data implies.

Collect the data

Record the number of pairs of shoes you own.

  1. Randomly survey 30 classmates about the number of pairs of shoes they own. Record their values.
    Survey results
    _____ _____ _____ _____ _____
    _____ _____ _____ _____ _____
    _____ _____ _____ _____ _____
    _____ _____ _____ _____ _____
    _____ _____ _____ _____ _____
    _____ _____ _____ _____ _____
  2. Construct a histogram. Make five to six intervals. Sketch the graph using a ruler and pencil and scale the axes.
    A blank graph template for use with this problem.
  3. Calculate the following values.
    1. x ¯ = _____
    2. s = _____
  4. Are the data discrete or continuous? How do you know?
  5. In complete sentences, describe the shape of the histogram.
  6. Are there any potential outliers? List the value(s) that could be outliers. Use a formula to check the end values to determine if they are potential outliers.

    Analyze the data

  1. Determine the following values.
    1. Min = _____
    2. M = _____
    3. Max = _____
    4. Q 1 = _____
    5. Q 3 = _____
    6. IQR = _____
  2. Construct a box plot of data
  3. What does the shape of the box plot imply about the concentration of data? Use complete sentences.
  4. Using the box plot, how can you determine if there are potential outliers?
  5. How does the standard deviation help you to determine concentration of the data and whether or not there are potential outliers?
  6. What does the IQR represent in this problem?
  7. Show your work to find the value that is 1.5 standard deviations:
    1. above the mean.
    2. below the mean.

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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