Problem 1

The table lists the average inflation rates between 1985 and 1993 for 2 samples of countries; those with high
gross national products (GNP) Per capita and low GNP per capita
High GNP Low
a.For GNP
each sample, characterize the magnitude and
U.S.A 3.5 China 8.1 rates using appropriate
variability of the inflation
Sweden 6.3 India
numerical descriptive9.7 measures
Germany 3.2 Egypt 16.9
Spain 6.8 b. Ethiopia 380.0 of the 2 samples
Determine the shape
France 3.0 Ghana 29.4
Italy 6.5 c.Compare
Vietnam between the118.7variation of the 2 samples
Japan 1.4 Sudan 55.3
Australia 4.6 Pakistan 8.4

Problem 2

It is known that the frequency distribution of the number of videocassette recorders (VCRs) sold each week by a
large department store in Cairo is mound-shaped, with mean of 35 and a variance of 9.
Approximately what percentage of the measurements in the frequency distribution should fall between 32 and 38
and between 26 and 44??
Also if it is known that the number of VCRs sold each week by a rival department store has a mound-shaped
frequency distribution with mean of 35 and a standard deviation of 2, for which store is it more likely that more
than 41 VCRs will be sold in a week? Why?

Problem 3
A comparison shopper employed by a large grocery chain recorded these prices for a 340-gram Supermarket Price X
.jar of Kraft blackberry preserves at a sample of six supermarkets selected at random 1 $1.31
2 1.35
.Compute the arithmetic mean a. 3 1.26
4 1.42
.Compute the median b.
5 1.31
.Compute the mode c. 6 1.33
Total $7.98

Problem 4
For a sample of 50 stocks traded yesterday on the American Stock Exchange, 10 showed a decline of $1.00, 15
showed no change, and 25 increased by $2.00. Find the weighted mean.
Problem 5
The Roth Young Personnel Service reported that annual salaries for department store assistant managers range 
from $28,000 to $57,000 (National Business Employment Weekly, October 16–22, 1994). Assume the following 
data are a sample of the annual salaries for 40 department store assistant managers (data are in thousands of 
dollars).
48 35 57 48 52 56 51 44
40 40 50 31 52 37 51 41
47 45 46 42 53 43 44 39
50 50 44 49 45 45 50 42
52 55 46 54 45 41 45 47
a. What are the lowest and highest salaries reported?
b. Use a class width of $5000 and prepare tabular summaries of the annual salary data.
c. What proportion of the annual salaries are $35,000 or less?
d. What percentage of the annual salaries are more than $50,000?
Problem 6 Exports Frequency

1
The annual exports of 50 medium-sized manufacturers were organized into $6 up to $9 2
a frequency distribution. (Exports are in $ millions). 9 up to 12 8
12 up to 15 20
Compute the:
15 up to 18 14
a. mean b. mode 18 up to 21 6

Problem 7
The following table gives the sample information on the number of hours. Unemployed workers spent looking for
work last month:-
Hours spent searching 0- 10 – 20 20 – 30 30 – 40 40 - 50
No. of unemployed 3 7 15 10 5
a. Compute the mean and the variance
b. Compute the interquartile range
c. Determine the percent of unemployed spent more than 25 hours per month looking for work
d. Is the distribution Symmetrical? Why?

2
Problem 1

The table lists the average inflation rates between 1985 and 1993 for 2 samples of countries; those with high
gross national products (GNP) Per capita and low GNP per capita
High GNP d. Low For
GNPeach sample, characterize the magnitude
U.S.A 3.5 China
and variability of the8.1
inflation rates using
Sweden 6.3 India
appropriate numerical 9.7descriptive measures
Germany 3.2 Egypt 16.9
Spain 6.8 Ethiopia the shape 380.0
e.Determine of the 2 samples
France 3.0 Ghana 29.4
Italy 6.5 f. Compare
Vietnam between the118.7
variation of the 2 samples
Japan 1.4 Sudan 55.3
Australia 4.6 Pakistan 8.4

Problem 2

It is known that the frequency distribution of the number of videocassette recorders (VCRs) sold each week by a
large department store in Cairo is mound-shaped, with mean of 35 and a variance of 9.
Approximately what percentage of the measurements in the frequency distribution should fall between 32 and 38
and between 26 and 44??
Also if it is known that the number of VCRs sold each week by a rival department store has a mound-shaped
frequency distribution with mean of 35 and a standard deviation of 2, for which store is it more likely that more
than 41 VCRs will be sold in a week? Why?

Problem 3
A comparison shopper employed by a large grocery chain recorded these prices for a 340-gram
.jar of Kraft blackberry preserves at a sample of six supermarkets selected at random
.Compute the arithmetic mean a.
.Compute the median b.
.Compute the mode c.
Supermarket Price X
1 $1.31
2 1.35
3 1.26
4 1.42
5 1.31
6 1.33
Total $7.98

Solution 3
X 7$ 89.
X   1$ 33. .a
n 6

Median is defined as the middle value of a set of data, after the data is arranged from smallest to largest. The prices for b.
the six jars of blackberry preserves have been ordered from a low of $1.26 up to $1.42. Because this is an even number
.of prices the median price is halfway between the third and the fourth price. The median is $1.32

:Prices Arranged from Low to High

DD
$1.42 $1.35 $1.33 $1.31 $1.31 $1.26

$1.31  $1.33
Median   $1.32
2

.The mode is the price that occurs most often. The price of $1.31 occurs twice in the original data and is the mode c.

3
 Problem 4
For a sample of 50 stocks traded yesterday on the American Stock Exchange, 10 showed a decline of $1.00, 15
showed no change, and 25 increased by $2.00. Find the weighted mean.
Solution 4
10($1.00)  15($0)  25($2.00)
Xw   $0.80
10  15  25

Problem 5
The Roth Young Personnel Service reported that annual salaries for department store assistant managers range 
from $28,000 to $57,000 (National Business Employment Weekly, October 16–22, 1994). Assume the following 
data are a sample of the annual salaries for 40 department store assistant managers (data are in thousands of 
dollars).
48 35 57 48 52 56 51 44
40 40 50 31 52 37 51 41
47 45 46 42 53 43 44 39
50 50 44 49 45 45 50 42
52 55 46 54 45 41 45 47
e. What are the lowest and highest salaries reported?
f. Use a class width of $5000 and prepare tabular summaries of the annual salary data.
g. What proportion of the annual salaries are $35,000 or less?
h. What percentage of the annual salaries are more than $50,000?
Solution 5

a. $31,000 $57,000
b. Salaries (in $1000s) Frequency
30-34 1
35-39 3
40-44 10
45-49 12
50-54 11
55-59 3
c. 0.05
d. 25%

Problem 6 Hourly Number

The hourly wages for a sample of plumbers were grouped into the following frequency
Wages f
distribution. Since the wages have been grouped into classes, we refer to the following
.distribution as being grouped data $6 up to $9 2
$9 up to $12 8
.Compute the arithmetic mean a. $12 up to $15 20
$15 up to $18 14
.Compute the mode b. $18 up to $21 6
50

X = $717/50 Wage
= $14.34 Frequency Class
Rate f Midpoint M fM
The mode is the
to value
$9 that occurs
2 most often. For data
$6 up $7.50 $15.00
grouped into a frequency distribution, the mode is the
$9 up to $12 8 10.50 84.00
midpoint of the class containing the most observations.
$12 up to $15 20 13.50 270.00
There are more observations (20) in the $12 up to $15
$15 up to $18 14 16.50 231.00
class than in any other class. The midpoint of the class is
$13.5,$18 up to
which is the$21
mode. 6 19.50 117.00
Total 50 $717.00
Problem 7
The following table gives the sample information on the number of hours. Unemployed workers spent looking for
work last month:-

4
 Hours spent searching 0- 10 – 20 20 – 30 30 – 40 40 - 50
No. of unemployed 3 7 15 10 5
e. Compute the mean and the variance
f. Compute the interquartile range
g. Determine the percent of unemployed spent more than 25 hours per month looking for work
h. Is the distribution Symmetrical? Why?