Business Statistics

Chapter 3 Tutorial: Central

Tendency and Dispersion
Q1.
Wood: Unemployed = 4.5% x 15,300
= 688.5

Ottawa: Unemployed = 3% x 10,400

= 312

Lucas: Unemployed = 10.2% x 150,600

= 15361.2
Unemployment rate = (Total number of
unemployed workers)/(Total number of workers) 𝑥
100
=
(688.5+312+15361.2)/(15300+10400+150600) 𝑥
100
= 16361.7/176300 𝑥 100
= 9.28060%
≈ 9.28%
Q2.
(a) 17, 21, 32, 33, 41, 47, 54, 55, 60, 72
Range = 72 – 17 = 55

(c) Mean =
(17+21+32+33+41+47+54+55+60+72)/10
= 432/10
= 43.2
•  

Standard Deviation =
=
= 17.62447
 Q3.
•(a)  This is because only 13 flight missions are chosen
from 1967 to 1972, considered only a sample
(b) Mean =
=

= 173.769
•Median
  =
= 7th term
= 195

(c) Range = 301 – 7

= 294
 x
7 -166.769 27811.89936
9 -164.769 27148.82336
10 -163.769 26820.28536
142 -31.769 1009.269361
147 -26.769 716.579361
192 18.231 332.369361
195 21.231 450.755361
216 42.231 1783.457361
241 67.231 4520.007361
244 70.231 4932.393361
260 86.231 7435.785361
295 121.231 14696.95536
301 127.231 16187.72736
= 127542.843
•S.D  =
=
= 103.0949
= 103.09
Q4.
•mean
  =
= 2094 / 150
= 13.96 pounds

S.D = √((𝑡𝑜𝑡𝑎𝑙 𝑓(𝑥−𝑚𝑒𝑎𝑛)^2)/(𝑛−1))

= √(5527.2/(𝑛−1))
= 6.10 pounds (3sf)

Median = 12 + 6 ((150/2−56)/58)
= 13.97 pounds (3sf)

Mode = 12 + 6 (16/(16+30))
= 14.1 pounds (3sf)
Q5. C.V.
•   of Domestic
Passengers = × 100
Mean S.D
= 21.2766%
Domestic 47 pounds 10 pounds
Passengers = 21.3%
Overseas 78 pounds 15 pounds
Passengers
C.V. of Overseas
Passengers = × 100
= 19.2308%
  = 19.2%
C.V =
The difference between the domestic
passengers and overseas passengers is
that the relative dispersion of larger
group of domestic passengers is
21.3%, bigger than the relative
dispersion of larger group of oversea
passengers is 19.2%.
Q6.
(a) Bell Shaped; Mean = Median = Mode
Line 2

(b) Line 3. It has the largest standard deviation,

therefore, bigger variation in its values.

(c) Positively skewed; Mean > Median > Mode

Line 3
•(d)  C.V =
= 1.60559
= 1.61

(e) Left skewed; Mean< Median< Mode

EXTRA TUTORIAL QNS
Q1.
(a) 4.3, 4.9, 6.7, 7.2, 11.6
Range = 11.6 – 4.3
= 7.3

Mean = (4.3+4.9+6.7+7.2+11.6)/5
= 34.7/5
= 6.94
 x x-x (x-x)² Variance = 32.972/5
4.3 -2.64 6.9696 = 6.5944
4.9 -2.04 4.1616
≈ 6.59
6.7 -0.24 0.0576
7.2 0.26 0.0676
11.6 4.66 21.7156 Standard Deviation
Total 32.972 = √6.5944
= 2.5679
≈ 2.57
(b)
•   Mean =
= 11.76

13.2 1.44 2.0736

5.0 -6.76 45.6976
10.2 -1.56 2.4336
17.5 5.74 32.9476
12.9 1.14 1.2993
Total 84.452
(d) Dennis has a higher mean (11.76) and a
higher standard deviation (4.10979). This
indicate that Dennis has a better return on
stockholder equity than Plywood Inc on average
but Plywood Inc has a more consistent return on
stockholder equity.
•Q2.
  (a) Range = 140,000 – 122,000
= $18,000
(b) Arithmetic Mean Income
=
= $129,600
125,000 -4,600 21,160,000
125,000 -4,600 21,160,000
128,000 -1,600 2,560,000
128,000
122,000 -1,600
-7,600 2,560,000
57,760,000
122,000
133,000 -7,600
3,400 57,760,000
11,560,000
133,000
140,000 3,400
10,400 11,560,000
108,160,000
140,000 10,400 =108,160,000
201,200,000
(c)
•   Population Variance =
=
= $40, 240,000
S.D =
= $6343.50

(d) TMV industries has a higher mean income

($129,600) than the another flim ($129,000) and
a lower S.D ($6343.50) than another one
($8,612). This states that TMV industries’ officers
receive higher income on average and their
income is generally close to each other.
Q3.
•  
Arithmetic mean
=
= 51.57/15
= $3.438
$3.44
•(b)  Median =
= 8th term
*Put all terms in ascending order*
3.35 3.39 3.39 3.41 3.41 3.42 3.44 3.44
3.45 3.46 3.46 3.48 3.49 3.49 3.49
Median = $3.44

(c) Modal = $3.49

Q4.
•(a)  Mean Cost =
= $141.20
Electricity
Cost
80
80 up
up to
to 100
100 3
3 90
90 -51.2
-51.2 2621.44
2621.44 7864.32
7864.32
100
100 up
up to
to 120
120 8
8 110
110 -31.2
-31.2 973.44
973.44 7787.52
7787.52
120 up to 140 12 130 -11.2 125.44 1505.28
120 up to 140 12 130 -11.2 125.44 1505.28
140 up to 160 16 150 8.8 77.44 1239.04
140 up to 160 16 150 8.8 77.44 1239.04
160 up to 180 7 170 28.8 829.44 5806.08
160 up to 180 7 170 28.8 829.44 5806.08
180 up to 200 4 190 48.8 2381.44 9525.76
180 up to 200 4 190 48.8 2381.44 9525.76
Total 33728
Total 33728

•(b)  S.D =
=
= 26.235
= $26.24