The 2000 U.S. Census also asked for each person’s age. Suppose that a sample of 40 households taken from the census data showed the age of the first person recorded on the census form to be as follows.,Compute P10, P80, Q1, Q3, the interquartile range, and the range for thesedata.
Telemarketers generally read from a prepared script when they make their sales calls. A firm decides to change this prepared script, making it both friendlier and shorter. Daily sales are recorded for a random sample of telemarketers, before and after the script change. The average difference-using a [(before the change) – (after the change)] order of subtraction-is + 4.2, with a sample size of 56. The differences have a standard deviation of 23.4. Do the data suggest that there is a difference in daily sales before and after the script change? Use ? = 0.05. What assumption do you have to make in order to answer this question?
Technically, we assume that we are obtaining simple random samples from in?nite populations when obtaining sampling distributions. If the size of the population is ?nite, we technically need a ?nite population correction factor. However, if the sample size is small relative to the size of the population, this factor can be ignored. Explain what an “in?nite population” is. What is the ?nite population correction factor? How small must the sample size be relative to the size of the population so that we can ignore the factor? Finally, explain why the factor can be ignored for such samples.
What is 1,037 / 14 to ,(a) Three decimal places, ,(b) One decimal place, ,(c) Two significant figures, ,(d) One significant figure?
What measures can you use for the following discrete frequencydistribution?
What measures can you use for the following continuous frequencydistribution?
What is your marital status (MARITAL)?,1. Married,2. Widowed,3. Divorced,4. Separated,5. Never Married,a. Create a frequency distribution,b. Use a method to present these data and briefly explain what the graph reveals.
What is the procedure for finding the maximum or minimum of a function? How is the second derivative used in this process?
We have described several formats for presenting decisions – problem maps, payoff matrices and decision trees. But these are not the only options. What other formats are available? Find some examples where different formats have been used in practice.