Determine the correct frequencies

Assignment Help Basic Statistics
Reference no: EM131417643

A junior accountant of a particular supermarket was asked to give a summary of daily profits realized for a period of time. He represented his data as follows:

Profit (ksh '0000)

0-3

4-7

8-11

12-15

16-19

20-23

24-27

No. of days

10

20

8

30

7

13

12


I. Determine the mean profit

II. Further scrutiny of the raw data revealed that the frequency of the groups ‘8-11'and '16-19' were not as indicated. With the correct frequencies, the mode and the median were given as Ksh. 139000 and Ksh. 135000 respectively. Determine the correct frequencies.

Reference no: EM131417643

Questions Cloud

Describe the relationship of story to plot : Summarize the story and plot of your chosen movie. THE LION KING - Discuss whether your film is presented chronologically or non-linearly.
What was the gilded age : What was the "Gilded Age"? Describe the conditions of the workers during this economic boom period. Name three of the outstanding figures during the Gilded Age and the companies they created.  What is your opinion of these men
How does viewpoint affect the decision-making process : How does viewpoint affect the decision-making process? As a manager, how can you make sure you are considering multiple viewpoints in the critical-thinking process?
What is the approximate p value of the test : Identify the response variable for this study.- How many treatments are included in this study? Describe them.- If the MST = 11.280, what is the approximate p-value of the test of part a?
Determine the correct frequencies : With the correct frequencies, the mode and the median were given as Ksh. 139000 and Ksh. 135000 respectively. Determine the correct frequencies.
Future purchasing organization will look like : Given the trends described in this chapter, what do you think the future purchasing organization will look like?
Do you think brown was justified in committing murder : Starting in Kansas and ending in Virginia, what role did John Brown play in causing the Civil War? What was the historical context in which Brown committed acts of violence? Do you think Brown was justified in committing murder
Implications of health economic concepts for healthcare : Analyze the primary potential benefits of learning about health economics related to government involvement in healthcare economics, financing, and delivery - Implications of Health Economic Concepts for Healthcare
Relative cost and services : Compare and contrast the relative cost and services advantages and disadvantages of air, motor, water, pipeline, and rail carriers.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probability that mean starting salary is in range

Standard deviation of $1,500. From a sample of 64 graduates, what is the probability that the mean starting salary is between $41,000 and $42,500?

  Estimate the value of the population proportion

Develop a 99% confidence interval for the population proportion.

  Find the value of the investment after two years

R2 000 is invested at 10% per annum compounded half-yearly. After three months, the interest rate changes to 12% per annum compounded monthly. Find the value of the investment after two years.

  Determining the relationship to healthcare organizations

Identify external competitive forces in relationship to healthcare organizations. Why is it important to know what external competitive forces are or who they are? Relate external competitive forces to a strategic plan.

  Why would you expect a value greater than 47

Verify that for the data in given Exercise, if you use Y‾ = 2X - 9, the sum of the squared residuals is larger than 47. Why would you expect a value greater than 47?

  Find the cdf and pdf for the product of u and v the first

suppose that u and v are iid exp1 i.e. have joint pdffuvi0ltult1 and 0ltvlt1exp-uvfind the cdf and pdf for the product

  Developing percent frequency distribution

Develop percent frequency distribution and construct bar chart and pie chart.

  Estimate the population mean based on a sample of size 25

estimate the population mean based on a sample of size 25 for which the average is 100 and the standard deviation is

  Annual percentage rate

Candida has a revolving credit account at an annual percentage rate of 24%. Her previous monthly balance is $549.79. Find the new balance using the previous month's balance method if Candida's account showed the following activity: Payment, $143.3..

  Choose one beverage category and plot the data

Make a forecast for 2005, using a trend model of your choice or a judgment forecast. Discuss. Note: Time increments are 5 years, so use t = 6 for your 2005 forecast.

  Explain how you would select a distribution for a

explain how you would select a distribution for a hypothesis test or confidence

  Penn state college of medicine students

There are 878 students at penn state's college of medicine in Hershey, PA. Of those 878 students, 408 are Pennsylvania residents. Thus, 46.5% of all Penn State college of Medicine students are Pennsylvania residents. This value 46.5% is a poplulat..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd