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Chapter Exercises

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253 views

Chapter Exercises

Uploaded by

zumoritotakufushite010123
Copyright
© © All Rights Reserved
Available Formats
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FE ELAINE ORIA BSA 2 JUNE 11,

2024
CHAPTER EXERCISES
2. Assume that a car dealer company's 11 salespeople received the following commissions in PHP for the
first quarter of 2022: 82,500, 73,750, 75,500, 83,500, 79,750, 88,000, 77,000, 74,750, 79,500,
81,250, and 75,500. (10 points)

What are the values such as PHP 82,500 and PHP 73,750 called?

 The answer such as php 82,500 and php 73,750 are called data points or obeservations.

Using PHP 70,000 up to PHP 75,000 as the first class, PHP 75,000 up to PHP 80,000 as the second class,
and so on, organize the quarterly commissions into a frequency distribution.

COMMISIONS RECEIVED BY 11 SALESPEOPLE OF A


FREQUENCY
CAR DEALER COMPANY (IN PHP)
70,000 up to 75,000 2
75,000 up to 80,000 5
80,000 up to 85,000 3
85,000 up to 90,000 1
Total 11

Describe the distribution of quarterly commissions of sales staff.

 Majority of salespeople received commisions ranging from 75,000 up to 80,000 which


indicate a concentration around this class and has a slight tendency to higher
commisions. The range has a narrow spread.

3. A dataset contains 38 observations. How many classes would you recommend for the frequency
distribution? (10 Points)
 2K > 38
 Let 6 be the K, thus, 2 6=64>38.
 The recommended number of classes for the frequency distribution is 6.

4. A dataset contains 45 observations between PHP 0 and PHP 1,450. What class interval size would you
suggest? (10 Points)
 First, find the appropriate number of classes using 2 K > n
2K > 45, let 6 be the K, thus 2 6=64>45. Hence, the recommended number of classes for
the frequency distribution is 6.
 Now, we determine the class interval size using I=(H-L) / k
I=(1,450-0) / 6 = 242
 Rounding the class interval to some convenient value, I suggest a class interval size of
250.

5. A dataset consists of 53 observations. The minimum value is 42, and the maximum is 129. (10 Points)

How many classes will you suggest in constructing a frequency distribution?


 2K > 53, let 6 be the K. Thus, 2 6=64>53.
 Hence, the recommended number of classes for the frequency distribution is 6.

What would be your suggested lower limit for the first class?
 The lower limit for the first class should be a multiple of the class interval which is 6.
Since 42 is a multiple of 6,I suggest 42 as the lower limit for the first class.

6. Assume that a sample of middle managers in an auditing firm earns an annual salary (in PHP) of
3,145,000, 3,455,000, 2,915,000, and 3,840,000. (10 Points)

Find the sample mean.


 3,145,000+ 3,455,000+ 2,915,000+ 3,840,000
 13,355,000
4
 3,338,750

What is your best estimate of the population mean?

 My best estimate of the population mean is 3,338,750 because the best estimate of the
population mean is the calculated sample average.

Is this mean a statistic or a parameter? Why?

 This mean is a statistics because the data points used are just a sample from the target
population (middle managers in an auditing firm).

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