Question 1
-
Compute
the mean and the weighted mean for the following data. Show
your work.
|
Weight |
Grade |
|
|
Midterm |
10% |
63 |
|
Discussion |
30% |
100 |
|
Assignment |
20% |
75 |
|
Project |
20% |
80 |
|
Quizzes |
20% |
90 |
If
the professor asked you if you would like the mean grade or the
weighted mean grade, which would you choose? Why? What weighted
category made the greatest impact?
Question 2
-
If
P(A) = 0.45, P(B) = 0.49, and P(A ∪ B) = 0.85, then P(B | A) =
Question
3 – You must show the fractions you multiplied to earn credit.
You may also include other math if you choose a different method.
Seven
vitamin and five sugar tablets identical in appearance are in a box.
One tablet is taken at random and given to Person A. A tablet is then
selected and given to Person B. What is the probability that
-
Person
A was given a vitamin tablet? -
Person
B was given a sugar tablet given that Person A was given a vitamin
tablet? -
neither
was given vitamin tablets? -
both
were given vitamin tablets? -
Person
A was given a sugar tablet and Person B was given a vitamin tablet? -
Person
A was given a vitamin tablet and Person B was given a sugar tablet? -
exactly
one person was given a vitamin tablet?
Question 4
The
following information regarding the ten richest Americans was
reported in a recent issue of Forbes.

-
How does the
textbook define “element?” Name the elements in the
above data set. -
How does the
textbook define “variable?” Name the variables in this
data set. -
How does the
textbook define “observation?” Name TWO observations
in this data set. -
Explain why
rank, even though it is a number, is NOT a quantitative
variable. -
Which
variables are quantitative?
Question 5
A
sample of the ages of 10 employees of a company is shown
below.
20 30 30 30 50
30 30 30 20 40
1.
What is a dot plot?
2.
If this set of data were going to be used to make a dot plot, what
variable would be on the x axis? Why? What variable would
be on the y axis? Why?
3.
If you were going to make a dot plot, what would the title be?
Remember that titles show relationships between both variables.
4.
Using a method of your choosing, construct a dot plot for the above
data which includes a proper title and axis labels.
Question 6
The
following data shows the price of PAO, Inc. stock over the
last eight months.
|
Month |
Price |
|
1 |
1.82 |
|
2 |
1.85 |
|
3 |
1.86 |
|
4 |
1.91 |
|
5 |
1.97 |
|
6 |
2.00 |
|
7 |
2.01 |
|
8 |
2.08 |
-
Develop a
scatter diagram and draw a trend line through the points.
Remember everything that was said about titles, axes labels etc. in
the previous question. -
What kind
of relationship exists between stock price and
time (negative, positive, or no relation)? How
do you know?


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