Determine the correct frequencies

Assignment Help Basic Statistics
Reference no: EM131417643

A junior accountant of a particular supermarket was asked to give a summary of daily profits realized for a period of time. He represented his data as follows:

Profit (ksh '0000)

0-3

4-7

8-11

12-15

16-19

20-23

24-27

No. of days

10

20

8

30

7

13

12


I. Determine the mean profit

II. Further scrutiny of the raw data revealed that the frequency of the groups ‘8-11'and '16-19' were not as indicated. With the correct frequencies, the mode and the median were given as Ksh. 139000 and Ksh. 135000 respectively. Determine the correct frequencies.

Reference no: EM131417643

Questions Cloud

Describe the relationship of story to plot : Summarize the story and plot of your chosen movie. THE LION KING - Discuss whether your film is presented chronologically or non-linearly.
What was the gilded age : What was the "Gilded Age"? Describe the conditions of the workers during this economic boom period. Name three of the outstanding figures during the Gilded Age and the companies they created.  What is your opinion of these men
How does viewpoint affect the decision-making process : How does viewpoint affect the decision-making process? As a manager, how can you make sure you are considering multiple viewpoints in the critical-thinking process?
What is the approximate p value of the test : Identify the response variable for this study.- How many treatments are included in this study? Describe them.- If the MST = 11.280, what is the approximate p-value of the test of part a?
Determine the correct frequencies : With the correct frequencies, the mode and the median were given as Ksh. 139000 and Ksh. 135000 respectively. Determine the correct frequencies.
Future purchasing organization will look like : Given the trends described in this chapter, what do you think the future purchasing organization will look like?
Do you think brown was justified in committing murder : Starting in Kansas and ending in Virginia, what role did John Brown play in causing the Civil War? What was the historical context in which Brown committed acts of violence? Do you think Brown was justified in committing murder
Implications of health economic concepts for healthcare : Analyze the primary potential benefits of learning about health economics related to government involvement in healthcare economics, financing, and delivery - Implications of Health Economic Concepts for Healthcare
Relative cost and services : Compare and contrast the relative cost and services advantages and disadvantages of air, motor, water, pipeline, and rail carriers.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Assuming that motorola follows a continuous review policy

motorola obtains cell phones from its contract manufacturer located in china to serve u.s. market. the u.s. is served

  Find the mean and standard deviation

Suppose you have a distribution, X, with mean = 22 and standard deviation = 5. Define a new random variable Y = 8X - 3. Find the mean and standard deviation of Y.

  Problem regarding the frequency distribution

The following data set represents the amount spent (in dollars) by 45 shoppers at a supermarket. Construct a frequency distribution for the variable, and also report the relative frequencies for each class in your frequency distribution. NOTE: the..

  Computing confidence interval for the population mean

For a simple random sam- ple of 20 bottles of toner, the average was 1535 pages, with a standard deviation of 30 pages. Making and stating whatever assumptions you believe are necessary, con- struct and interpret the 95% confidence interval for th..

  Problem on standard deviation

Problem on standard deviation

  Case-control and cross-sectional studies

The following is a case-control study: Obtaining histories and other information from a group of known cases and from a comparison group to determine the relative frequency of a characteristic or exposure under study.

  Test for the significance of the slope

Below you are given a partial computer output based on a sample of 21 observations, relating an independent variable (x) and a dependent variable (y).

  Verify that this is a discrete probability distribution

1) Waiting in Line: A Wendy's manager performed a study to determine a probability distribution for the number of people, X, waiting in line during lunch. The results were as follows (a) Verify that this is a discrete probability distribution.

  What is being optimized in each of your examples

1. Provide one example each of a workforce scheduling, a blending, and a logistics linear optimization problem not discussed in the textbook. What is being optimized in each of your examples and why?

  Find the probability that a value randomly selected from

a population is normally distributed with 100 and s20.a. find the probability that a value randomly selected from this

  Apple for macintosh desktop computers

Prior to 2001, the operating system used by Apple for Macintosh desktop computers was completely proprietary. In 2001, Apple introduced a new operating system (OS X) based on Unix.

  Compute coefficient of variation

Using this data set, compute the: mode, median, mean, range, interquartile range, variance, standard deviation and coefficient of variation

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd