: The mean family income is $31,500, with a standard deviation of $4,000. Assuming a normal distribution,
# 3 : The mean family income is $31,500, with a standard deviation of $4,000. Assuming a normal distribution, what exactly would that tell you about the incomes of Flint people? Be specific with a precise statistical answer!!!
#4
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Assume you have collected data on actual incomes from people using a random sampling method. You collect the following 25 observations.
a. Is the data normally distributed - or even close?
c. Using the S.E. Mean, generate a 95% CI around the mean. What does this range tell you?
Raw data
28.00, 11.00, 10.00, 72.00, 36.00, 29.00, 25.00, 56.00, 17.00, 33.00, 23.00, 18.00, 19.00, 22.00, 8.00, 72.00, 25.00, 32.00, 31.00, 26.00, 28.00, 43.00, 18.00, 12.00, 19.00
- Andy's Ice Cream Shop is located in a very warm part of Texas. You collect data about the number of gallons of ice cream sold and the temperature outside (in Celsius):
2. Andy is a cooperative student with Perkins Institute, a highly selective cooperative engineering and management college. At this school students spend alternate periods of school and work. His boss has asked him to examine the relationship between incoming students' ACT (American College Testing) scores (note: these range from 12 to 32) and their high school GPA and their ultimate college GPA (on a 4.0 scale) and average work performance evaluation (on a 4.0 scale) they earn while at Perkins. Andy's boss pleads "Help me determine who to accept! I can't stand to see folks fail in this program. It costs me too much. Success means both earning good college grades and working well in the company. How can I predict success in these two areas, given the information I have to work with - namely, HS GPA and ACT score?" Note that College GPAs of under 2.0 are failing and under 2.5 are weak. Also note that work evaluation averages below 3.0 are weak. If this problem and the data seem a bit vague - they are. Unfortunately, real world data is rarely clear and unambiguous! Assume that the following data is representative of what Perkins experiences with hundreds of new students.
3. John Herr is an analyst for the Best Foods grocery chain. The firm operates four grocery stores. John is interested in knowing if the average dollar amount per purchase is identical for the four stores. John randomly selected six receipts from each of the four stores:
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