Find the mean and standard deviation, Basic Statistics

Assignment Help:

A travel agency surveyed 38 customers holidaying in Australia who took their spouses on either a skiing or a golfing vacation.  The data comprises amounts (in hundreds of dollars).  The skiing holiday is at Mount Buller in Victoria whereas the golfing holiday is on the Gold Coast in Queensland.

You will now make your data unique by taking the last 4 digits of your student identification number and putting the first two digits at the end of the 'Skiing Holiday' data and the last two digits at the end of the 'Golfing Holiday data.  For example:  If the last 4 digits of your student number are  1234  then put 12 under the value '26' in the 'Skiing Holiday' column and 34 under the value '22' in the 'Golfing Holiday' column.  There will now be a total of 40 values for 40 couples. 

Skiing Holidays ($'00s)

Golfing Holidays ($'00s)

38

24

37

38

29

45

43

19

55

31

41

32

31

44

22

36

21

29

18

32

19

41

23

43

26

37

43

27

32

28

33

21

21

44

16

18

26

22

 

 

Question 1:

a) Show a table that displays all the summary statistics for 'Golfing Holidays' and highlight the values for the mean and standard deviation.

b) Use formula to find the mean and standard deviation for 'Skiing Holidays'.  Write down the formulas shown on the toolbar (to verify that you used the correct formulas).

Question 2:

a) Display a histogram for 'Golfing Holidays' using class widths of 5.  Describe the shape of the distribution in terms of skewness and kurtosis.   What are the values for the skew and for the kurtosis?

b) Display an ogive* for 'Golfing Holidays' and estimate the proportion of holiday makers who spend more than $3,000 on their golfing holiday.

Question 3:

We wish to randomly select eight of the twenty couples from the 'Skiing Holiday' data.  Explain what you must do before you can select the eight couples.  Which Excel technique will you use?  Randomly sample the eight couples and sort the sample data using 'Data-Sort'.  Why is it recommended that the data be sorted?

Question 4:

Of the twenty couples who chose a golfing holiday, 8 couples originated from Japan, 4 from Israel, 5 from India, 1 from Ireland and 1 from Canada.  The twentieth couple is represented by you and your spouse (or friend if you are not married) so you will need to put yourself in one of the categories or create a new category (showing your country of origin). Show two different ways of displaying this information to best advantage (one of these displays must not be a frequency distribution).

Question 5:

  a)  It has been determined from past golfing data that the number of hours a couple spend playing golf per day is normally distributed with a mean of 5 and a standard deviation of 2. Use an appropriate Excel function (ƒx) to determine the probability that a couple spend more than 6 hours playing golf per day.  Write down the formula shown in the shortcut tool bar.

 b)  Snowfalls occur randomly and independently over the course of winter on Mount Buller.  The average is one snowfall every three days.  Find the probability of a snowfall the day you and your friend plan to ski.  Use an appropriate Excel function (ƒx) and write down the formula shown in the shortcut tool bar.

Question 6:

Can we infer that skiers and golfers differ in their vacation expenses? Test at the 1% level of significance. Highlight the relevant critical value or p-value and the test statistic.


Related Discussions:- Find the mean and standard deviation

Nucleus Composition, The study of radioactive disintegrations indicates the...

The study of radioactive disintegrations indicates the emission of alpha, beta and gamma particles/rays to be of nuclear origin. Further, study of artificial radioactivity has reve

Cost of preference sharea, A company wishes to issue new preference shares;...

A company wishes to issue new preference shares; the company will incur flotation cost of 2% per share. the market value of this shares is $90 per share & a nominal value of $100 p

IFRS 9, The company acquired 50000 8% preferencd shares (with a par value o...

The company acquired 50000 8% preferencd shares (with a par value of R4 each) in cross limited on 30 june 2006 for R180000.

Describe the relationship between gender and course of study, In Ireland, D...

In Ireland, Davoren et el (2015) report that that 65.2% of male University students self-reported alcohol consumption levels which are classified as hazardous. A random sample of

Ascertain the profit & loss, Depreciation during the financial year  The...

Depreciation during the financial year  The Resources which are bought during the economical season and its determined that the Depreciation will be incurred on them @ 10% PA it

Probability, A coin was flipped twenty times and landed on heads fifteen ti...

A coin was flipped twenty times and landed on heads fifteen times. If the coin was balanced fair what is the probability of a head on the next toss

Historigrams, Difference between historigram and histogram

Difference between historigram and histogram

Business law, LAW 2003 Assignment 1 (Winter 2012) 1. Brief the following c...

LAW 2003 Assignment 1 (Winter 2012) 1. Brief the following case: Ragoonanan v. Imperial Tobacco (from pages 587 to 595 of the Ontario Reports) on the document attached online. It’

Revenues , why are revenues an important number in financial statements?

why are revenues an important number in financial statements?

Write Your Message!

Captcha
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