This document provides examples of how to summarize numerical data using various statistical and graphical methods. It includes examples of calculating the range, number of classes, class size and frequency for grouped data. Additionally, it demonstrates how to construct line graphs, bar graphs and pie charts to visualize different types of data. Examples of calculating the mean, median and mode for ungrouped data are also provided.
This document provides examples of how to summarize numerical data using various statistical and graphical methods. It includes examples of calculating the range, number of classes, class size and frequency for grouped data. Additionally, it demonstrates how to construct line graphs, bar graphs and pie charts to visualize different types of data. Examples of calculating the mean, median and mode for ungrouped data are also provided.
This document provides examples of how to summarize numerical data using various statistical and graphical methods. It includes examples of calculating the range, number of classes, class size and frequency for grouped data. Additionally, it demonstrates how to construct line graphs, bar graphs and pie charts to visualize different types of data. Examples of calculating the mean, median and mode for ungrouped data are also provided.
This document provides examples of how to summarize numerical data using various statistical and graphical methods. It includes examples of calculating the range, number of classes, class size and frequency for grouped data. Additionally, it demonstrates how to construct line graphs, bar graphs and pie charts to visualize different types of data. Examples of calculating the mean, median and mode for ungrouped data are also provided.
Solution: I. Determine the range(R) of the data set.
R = Highest Value – Lowest Value
R = 450 – 59 = 391
II. Determine the number of classes of intervals {k}.
No. of classes (k) = √ no . of observations
= √ 30
≈ 5.48 = 5
III. Calculate the Class Size {i}, using the formula: I = R/k I
= 391/6 = 78
IV. Classes
Classes 59-137 137-215 215-293 293-371 371-449 449-527 V. Tally the observations
Classes Tally 59-137 IIIIIIII 137-215 IIIIIIIIIII 215-293 IIIII 293-371 III 371-449 II 449-527 I
VI. Add columns for Frequency and Relative Frequency
Classes Tally Frequency Relative
Frequency 59-137 IIIIIIII 8 27% 137-215 IIIIIIIIIII 11 37% 215-293 IIIII 5 17% 293-371 III 3 10% 371-449 II 2 7% 449-527 I 1 3% TOTAL 30 100% 2. Construct a line graph for the following data that give the number of cars sold by a dealer company for the month.
Weeks of the 1 2 3 4 month Number of cars 13 17 10 21 sold
Solution:
Number of Cars sold for the Month
25
20
15
10
0 Week 1 Week 2 Week 3 Number of Cars sold Week 4
3. Construct a bar for the following data that give the kind of movies that selected teenagers prefer.
Movie Genre Comedy Action Romance Drama Sci-fi
No. of 8 10 12 2 8 Teenagers Solution:
Kinds of movies that selected Teenagers prefer
Sci-fi
Drama
Romance
Action
Comedy
0 2 4 6 8 10 12
Number of Teenagers
4. Construct a pie graph for he following that give the allocation of a business for its daily operations.
Particulars Electricity and Wage of Transport Loan Savings
Water Workers Amount ₱350 ₱2,500 ₱1,080 ₱560 ₱5,400 Daily Expenses
4% Electricity and Water 25% Wage of Workers Transport Loan 55% Savings
11% 6%
5. You were given the following data on the hours a person spent on activities on a day:
Activity No. of Hours Activity No. of Hours
Work 8 Travel 2 Sleep 7 Leisure 0.5 Meals 2 Home Balance
Daily Activities
Work 19% Sleep 33% Meals 2% Travel 8% Leisure Home 8%
29% 6. Find and interpret the mean, median and the mode of the following ungrouped data. a. The number of the concert ticket purchased online for the last 13 purchase. 4 2 5 8 6 6 4 3 2 4 7 8 5 Solution:
Mean =
4+2+5+8+6+6+4+3+2+4+7+8+5
13
= 64/13
= 4.92
Median =
2 2 3 4 4 4 5 5 6 6 7 8 8
Mode
The mode of the data set is 4 because it appears more times than of the other data values.
b. The amounts (in pesos) made by several families during a community yard sale. 95 120 125.50 105.25 82 102.75 130 151.50 145.25 79.97
The mode of the data set is 41,000 since it appears three times, more often than the other values
10,500 9,050 12,856 14,738 18,520 20,400 11,280 7,589 8,035 10,700 8,700 20,480 d. The following are the monthly sales in pesos of a certain variety store from January to December respectively.
The mode of the data set is 39,000 because it appears more times than of the other data values
7. The table shows the relationship between total fat grams and the total calories in a selection of fast food sandwiches. Find the linear regression equation that models this data. Estimate how much calories is contained in a sandwich with 40 grams fat.
Total Fat (g) 9 13 21 30 31 32
Total 260 320 420 530 560 580 Calories
Solution:
Total Fat (x) Total Calories (y)
9 260 13 320 21 420 30 530 31 560 32 580
Solve for the value of a:
a.) Sum of x values
x 9 13 21 30 31 32 136
b.) Square root of the sum of x values
1362 = = 18,496
c.) Some of y values
y 260 320 420 530 560 580 2,670 d.) Product of x and y values
x y xy 9 260 2,340 13 320 4,160 21 420 8,820 30 530 15,900 31 560 17,360 32 580 18,560 e.) Sum of the product of x and y values
xy 2,340 4,160 8,820 15,900 17,360 18,560 67,140 f.) Sum of the squared x values
( x)2 81 169 441 900 961 1,024 3,567
In order to solve for slope b plug in the values we obtained above using this formula:
( 136 ) (2,670) 67,140− 6 ¿ 18,496 3,567− 6
67,140−60,520 3,567−3,082.67
6,620 ¿ 484.33
b = 13.67
To solve for intercept a, we compute the mean of the x and y values.
a. 136 6 = 22.67 b.
2,670 6 = 445 Plug this values into this equation:
= 445 – 13.67(22.67) = 445 – 309.8989 = 135.1011 Therefore our linear regression is y = 135.1011 + 13.56x We can use this equation to predict how much calories is contained in a sandwich with 40 grams fat. y = 135.1011 + 13.67(40) = 135.1011 + 546.8 = 681.9011 Therefore, the calories which will be contained in a sandwich with 40 grams is 681.
8. A morning radio talk show is running a “Winter Coat Campaign” to collect and deliver coats to local shelters. They are storing the coat until they reach their goal of 2,100 coats. The table below shows the number coats in storage at the end of each day of the campaign. What equation is the linear regression equation for this data? Using the regression equation you will obtain, predict the day the camping will meet its goal and coasts will be delivered to the shelters.
Day of Campaign Number of Coats
Stored 1 860 2 930 3 1000 4 1150 5 1200 6 1360
Solution: Let the “Number of Coats Stored” be our variable x since it assumed to predict the day the campaign will meet its goal.
x y 860 1 930 2 1000 3 1150 4 1200 5 1360 6
Solve for the value of a by getting the following values:
In order to solve for slope b plug in the values we obtained above using this formula:
(6,500 ) (21) 24,480− 6 ¿ 42,250,000 7,215,600− 6
24,480−22,750 7,215,600−7,041,666.67
1,730 ¿ 173,933.33 b = 0.00994634
To solve for intercept a, we compute the mean of the x and y values.
c.
6,500 6 = 1,083.33 d.
21 6 = 3.5 Plug this values into this equation:
= 3.5 – 0.00994634 (1,083.33)
= 3.5 – 10.78 = -7.28 Therefore our linear regression is y = 135.1011 + 13.56x We can use this equation to predict the day the campaign will meet its goal. y = -7.28 + 0.00994634 (40) = -7.28 + 0.40 = -7.68 ≈ -8 Therefore, on the 8th day the camping will meet its goal and coasts will be delivered to the shelters.
Download Full (Ebook) Time Series: Applications to Finance with R and S-Plus, Second Edition by Ngai Hang Chan(auth.) ISBN 9780470583623, 9781118032466, 0470583622, 1118032462 PDF All Chapters
Download Full (Ebook) Time Series: Applications to Finance with R and S-Plus, Second Edition by Ngai Hang Chan(auth.) ISBN 9780470583623, 9781118032466, 0470583622, 1118032462 PDF All Chapters
