Assignment 1: Introductory Statistics and Applications (ISA)

1. With reference to the following table describing the frequency distribution of monthly
apartment rental rates for 200 studio apartments

a) What are the lower and upper stated limits of the first class?
b) What are the lower and upper exact limits of the first class?
c) The class interval used is the same for all classes of the distribution. What is the
interval size?
d) What is the midpoint of the first class?
e) What are the lower and upper exact limits of the class in which the largest number
of apartment rental rates was tabulated?
f) Suppose a monthly rental rate of $439.50 were reported. Identify the lower and
upper stated limits of the class in which this observation would be tallied.
g) Prepare a histogram for the data.

2. Comment on the forms of the frequency curves given below

3. For a sample of 15 students at an elementary-school snack bar, the following sales amounts
arranged in ascending order of magnitude are observed: $0.10, 0.10, 0.25, 0.25, 0.25, 0.35,
0.40, 0.53, 0.90, 1.25, 1.35, 2.45, 2.71, 3.09, and 4.10. Determine the (a) mean, (b) median,
and (c) mode for these sales amounts. (d) How would you describe the distribution from
the standpoint of skewness? (e) Suppose that you are asked to determine the typical
purchase amount only for this particular group of students. Which measure of average
would you report? Why? (f) Determine the values at the second quartile, second decile,
and 40th percentile point for these sales amounts.

4. A sample of 20 production workers in a small company earned the following wages for a
given week, rounded to the nearest dollar and arranged in ascending order: $240, 240, 240,
240, 240, 240, 240, 240, 255, 255, 265, 265, 280, 280, 290, 300, 305, 325, 330, and 340.
Determine the (a) range, (b) Compute the mean absolute deviation for the wages, (c)
Determine the sample variance and sample standard deviation, (d) Determine the
coefficient of variation.

5. You toss a fair coin three times:

a. What is the probability of three heads?
b. What is the probability that you observe exactly one heads?
c. Given that you have observed at least one heads, what is the probability that you observe
at least two heads?

6. Bag I contains 4 white and 6 black balls while another Bag II contains 4 white and 3 black
balls. One ball is drawn at random from one of the bags and it is found to be black. Find
the probability that it was drawn from Bag I.

7. Find V(X) for the following probability distribution:

8. Consider an exam that contains 10 multiple-choice questions with 4 possible choices for
each question, only one of which is correct. Suppose a student is to select the answer for
every question randomly. Let X be the number of questions the student answers correctly.
a) What is the probability for the student to get no answer correct?
b) What is the probability for the student to get two answers correct?
c) What is the probability for the student to fail the test (i.e., to have less than 6 correct
answers)?
9. Suppose the time required to build a computer is normally distributed with a mean of 50
minutes and a standard deviation of 10 minutes. What is the probability for the assembly
time of a computer to be between 45 and 60 minutes?

10. Refer to the following table

a. Sketch a scatterplot.
b. Compute the correlation coefficient, r.
c. Compute the coefficients of the linear regression line, y = b1x + b0.
d. What is the estimated value for X = 7?