The Organization for Economic Cooperation and Development provided the following
ID: 3182203 • Letter: T
Question
Explanation / Answer
The five observations are:
1. 22.2 (United States)
2. 24.8 (France)
3. 24.2 (Mexico)
4. 26.9(China)
5. 23.8(Japan)
So, the number of given times : 5.
a) Mean is calculated as : (Sum of the given observations) / (Total number of observations)
So, here mean= ( 22.2 + 24.8 + 24.2 + 26.9 + 23.8 ) / 5 = 121.9/5 = 24.38 (approximately)
b) To find the median, there are several steps that we follow.
First we arrange the observations in ascending order.
So , our arranged observations are: 22.2 , 23.8 , 24.2 , 24.8 , 26.9
Now, if 'n' be the number of observations and n is odd ,then median = (n+1)/2 th observation,among the arranged ones.
Here, n= 5 (odd)
So, median = (5+1)/2th ie the 3rd observation..
So, median = 24.2.
c) range = maximum value - minimum value
So,range= 26.9 - 22.2 = 4.7
d) and e) are basically connected. If we can find the variance,then positive square root of the variance will be the standard deviation,so let us solve e) first.
If n is the total number of observations, then variance = 1/n * Summation ( Valuei - mean)2
Valuei denotes the ith value among the 5 values, so, i = 1,2,3,4,5
So, mean = 24.38 ( from a)
So, variance = 1/5* [(22.2-24.38)2 + (24.8 - 24.38)2 + (24.2 - 24.38)2 + (26.9 - 24.38)2 + (23.8- 24.38)2]
=2.3296
So, standard deviation = squareroot( 2.3296) = 1.5263 (approx)
So, d and e are solved.
f) Rule of thumb: To identify the range of usual values.
According to the rule of thumb , a usual range of values would be between ( Mean - 2*standard deviation) and (Mean + 2*standard deviation)
Mean= 24.38
Standard deviation= 1.5263
So, the usual range is : (24.38-2*1.53) to (24.38+2*1.53) i.e from 21.33 to 27.43.
g. All the values lie in the usual range,so none are unusual.
h. This is nominal data.
i. Time is a continuous variable in statistics, so the data is continuous.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.