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    Statistical Measures and Estimations: Mathematics

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    This document contains a worksheet for a mathematics course for management students. It includes 7 exercises involving statistical measures and estimations such as frequency distributions, histograms, ogives, measures of central tendency, variance, standard deviation, and weighted means. The exercises involve analyzing data sets related to oil prices, interest rates, cholesterol levels, test scores, and daily fat consumption from various meats.

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    Statistical Measures and Estimations: Mathematics

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    aly
    12 views3 pages
    This document contains a worksheet for a mathematics course for management students. It includes 7 exercises involving statistical measures and estimations such as frequency distributions, histograms, ogives, measures of central tendency, variance, standard deviation, and weighted means. The exercises involve analyzing data sets related to oil prices, interest rates, cholesterol levels, test scores, and daily fat consumption from various meats.

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    Original Title

    Worksheet 8

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    This document contains a worksheet for a mathematics course for management students. It includes 7 exercises involving statistical measures and estimations such as frequency distributions, histograms, ogives, measures of central tendency, variance, standard deviation, and weighted means. The exercises involve analyzing data sets related to oil prices, interest rates, cholesterol levels, test scores, and daily fat consumption from various meats.

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    © All Rights Reserved
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    Download as pdf or txt
    12 views3 pages

    Statistical Measures and Estimations: Mathematics

    Uploaded by

    aly
    This document contains a worksheet for a mathematics course for management students. It includes 7 exercises involving statistical measures and estimations such as frequency distributions, histograms, ogives, measures of central tendency, variance, standard deviation, and weighted means. The exercises involve analyzing data sets related to oil prices, interest rates, cholesterol levels, test scores, and daily fat consumption from various meats.

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    Department of Mathematics

    Assoc. Prof. W. Emam


    Spring 2018

    Mathematics
    for Management Students (MATH-201)
    Worksheet Nr. (8)

    Statistical Measures and Estimations


    Exercise 1:

    The following data set represents a daily record of the marked prize of 1 barrel oil over 2
    months.
    83.70, 63.10, 89.80, 82.10, 89.30, 54.80, 73.20, 63.70, 52.90, 77.90, 78.10, 51.40, 72.10,
    66.90, 71.70, 60.10, 89.90, 89.10, 81.80, 81.10, 60.20, 77.60, 72.60, 70.40, 55.80, 72.90,
    85.30, 80.60, 53.00, 78.00, 74.20, 51.40, 50.80, 79.80, 66.30, 83.60, 81.50, 52.60, 77.50,
    82.30, 79.40, 59.70, 81.90, 75.80, 50.10, 69.80, 53.90, 85.30, 75.50, 88.20, 51.10, 76.50,
    65.10, 65.10, 69.60, 67.30, 79.90, 79.20, 54.20, 84.30.

    a) Set up a frequency distribution of the prices with 5 classes.

    b) Change the number of classes to 8

    c) Generate a histogram and compare the results.

    Exercise 2:

    The following set of data represents the monthly interest rates during a year.

    0.040, 0.045, 0.170, 0.051, 0.145, 0.100, 0.033, 0.135, 0.062, 0.011, 0.073, 0.014.

    Set up a cumulative frequency table with 5 classes and represent the table in an ogive.

    Exercise 3:

    For the data set below (representing the serum cholesterol levels of 30 individuals), find the
    median and the mode. Then organize the data into a frequency distribution with 8 classes.
    Use the relative frequencies to draw the respective histogram and the ogive, and sketch the
    frequency polygon.

    231, 228, 257, 221, 238, 196, 242, 219, 252, 235, 227, 256, 198, 240, 251, 246, 217, 236,
    224, 215, 241, 226, 200, 238, 259, 231, 246, 231, 219, 256, 244, 222, 207, 259, 203, 196,
    215, 222, 206, 213.
    Exercise 4:

    The three data sets have the same mean and range, but is the variation the same? Prove
    your answer by computing the standard deviation. Assume the data were obtained from
    samples.
    a) 5,7,9,11,13,15,17. b) 5,6,7,11,15,16,17. c) 5, 5,5,11,17,17,17.
    .
    Exercise 5:

    Find the variance and the standard deviation for the following frequency distribution
    representing a sample of a population.

    Class Frequency Midpoint


    5.5-10.5 1 8
    10.5-15.5 2 13
    15.5-20.5 3 18
    20.5-25.5 5 23
    25.5-30.5 4 28
    30.5-35.5 3 33
    35.5-40.5 2 38

    a) Draw a histogram.
    b) Calculate the cumulative frequencies.
    c) Draw the ogive.
    d) Indicate the mean and standard deviation in the histogram.

    Exercise 6:

    A university course has 3 types of assessment activities, with their contributions to the total
    grade being as follows.

    Assessment type Weight


    Project 30

    Quizzes 20

    Final exam 50

    A student scored 83% in the tests, 76% in the project and 93% in the final exam. Use the
    weighted mean to find the student's total grade.
    Exercise 7:

    Using the weighted mean, find the average number of grams of fat per ounce of meat or fish
    that a person would consume over a 5 - day period if he ate these:

    Meat or fish Fat (g/oz)

    3 oz fried shrimp 3.33


    3 oz veal cutlet (broiled) 3.00
    2 oz roast beef (lean) 2.50
    2.5 oz fried chicken drumstick 4.40
    4 oz tuna (canned in oil) 1.75

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