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Business Math Homework 22

TI-84 Plus - Statistics
1. Press the “STAT” button, then select “1: Edit.”
This menu allows you to enter each value in the data set. You will see columns or lists labeled L1 through L6.
The TI-84 allows you to enter up to six different lists of data sets.

2. Type each value of the data set into the “L1” column and press “Enter” after each value.
Your values will display in list format in column L1.

3. Press the “STAT” button again, then use the arrow key to highlight “CALC” at the top of your screen.

4. Select “1: 1-Var Stats” and press “Enter.” You must now select the list of values you entered in step #2.

5. Press the “2nd” button, then press “1” to select the L1 column.
If you created multiple lists and want to select a different list, press the number that corresponds with that column.
For example, if you want standard deviation for the values you entered in the L4 column, press the “2nd” button, then press “4.”[1]

6. Press “Enter.” The TI-84 will now display standard deviation calculations for the set of values.

7. Find the standard deviation value next to either “Sx” or “sigma x,” the latter of which is located directly below
Sx.” Sx is the sample standard deviation, whereas sigma x is the population standard deviation.



FINDING THE MEDIAN OF A GROUP OF VALUES

Step 1. Orderly arrange values from the smallest to the largest.
Step 2. Find the middle value.
 
a.       Odd number of values: Median is the middle value. You find this by first dividing the total number of numbers by 2.
The next-higher number is the median.
b.      Even number of values: Median is the average of the two middle values.




Find the median: 47, 80, 61, 81, 27, 65, 103
 
Median

 

 
Calculate the mean:
$1,008, $76.34, $41.66, $589.79
(Round your answer to the nearest hundredth.)
 
Mean
 

 

 
Use the following table:
 
Courses Credits Grade
Computer Principles 1 C
Business Law 1 D
Logic 1 F
Biology 2 B
Marketing 1 A

 
A = 4, B = 3, C = 2, D = 1, F = 0
 
Calculate the grade-point average.
(Round your answer to 2 decimal places.)
 

 

 
Use the following table:
 
Value Frequency
22 7
26 1
2 27
22 2


Find the weighted mean.
(Round your answer to the nearest tenth.)



 

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Use the following table.
 
 
Truck current cost 2012 $ 45,000
Truck base year's cost 2008 $ 31,000


Calculate the price relative.
(Round your answer to the nearest tenth percent.)
 
 


45,000 / 31,000 = 1.451612903 x 100 = 145.161% (round to 145.2)
 

 
How many degrees on a circle graph would each be given from the following?
(Round your answers to the nearest tenth.)
 
         
Wear digital watch 39 % o
Wear traditional watch 55 % o
Wear no watch 6 % o

 
 

 

 
Jim Smith, a marketing student, observed how much each customer spent in a local convenience store.
 
               
$ 11.92 $ 5.22 $ 13.80 $ 9.96
  11.37   13.62   19.32   22.45
  15.18   9.32   5.47    
  12.08   8.23   4.88    


a. Based on the above results, prepare a frequency distribution.
 
Intervals Frequency
$ 0 $ 5.99
$ 6.00 $11.99
$ 12.00 $17.99
$ 18.00 $23.99

 

 

 
Angie’s Bakery bakes bagels. The June production is given below.
 
 
243 243 243 243 243
296 243 296 243 296
452 452 452 452 452
328 452 328 296 328
218 328 218 328 218
243 218 243 218 296


Find the weighted mean.
(Round answer to the nearest whole number.)




 
 

 
Despite tuition skyrocketing, a college education is still valuable.
Recent calculations by the Federal Reserve Bank in San Francisco demonstrate a college degree is worth $800,000.
 in lifetime earnings compared to the average high school education.
Assume graduates in 2017 earn $37,132, $35,834, $43,592, $42,587, $56,712 and $47,768.

What is the standard deviation for this sample?
(Round your intermediate calculations and final answer to the nearest whole number.)
 

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Homework Chapter    01  02  03  04  05  06  07  08  09  10  11  12  13  14  15  16 17 18  19  20  21  22


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