Question

In: Math

The data below are from a study conducted by a consumer research group on the fuel...

The data below are from a study conducted by a consumer research group on the fuel efficiency (rated based on city miles per gallon) of the 30 top-selling U.S. automobiles.

23 20 16 13 34 27

24 10 16 12 34 26

14 31 15 12 16 36

18 22 15 19 28 38

10 16 14 23 19 44

1. Enter the data into a spreadsheet. Be sure to clearly label and neatly format your spreadsheet.

2. Calculate the sum of these data two different ways: a. By writing your own formula. Clearly label the result. b. By using the SUM spreadsheet function. Clearly label the result

. 3. Use the COUNT function to calculate the N of this sample data set. Clearly label the result.

4. Calculate the arithmetic average (mean) of these data by writing your own formula. Clearly label.

5. Create a new column of data in which you subtract the mean fuel efficiency from each individual fuel efficiency score (i.e., MPG – mean). Be sure to use the proper relative and absolute references (indicated with $ signs) to perform these calculations.

6. Now compute the sum, N, and mean of your new (MPG – mean) scores.

7. Create one more new column of data in which you square each of the (MPG – mean) scores. 8. Finally, compute the sum, N, and mean of your new (MPG – mean)^2 scores

Solutions

Expert Solution

1. Check the excel sheet at the end (can only paste image)

2. a.)  =E2+E3+E4+E5+E6+E7+E8+E9+E10+E11+E12+E13+E14+E15+E16+E17+E18+E19+E20+E21+E22+E23+E24+E25+E26+E27+E28+E29+E30+E31

b.) =SUM(E2:E31)

3. =COUNT(E2:E31)

4. =(E2+E3+E4+E5+E6+E7+E8+E9+E10+E11+E12+E13+E14+E15+E16+E17+E18+E19+E20+E21+E22+E23+E24+E25+E26+E27+E28+E29+E30+E31)/30 (instead of 30 you can use the reference of count function)

5. =$F$5-E2 (use this formula to populate the new column)

6. Sum =SUM(J2:J31) | N =COUNT(J2:J31) | Mean =AVERAGE(J2:J31)

7. use the formula =J2^2 to populate the entire column

8. Sum =SUM(N2:N31) | N =COUNT(N2:N31) | Mean =AVERAGE(N2:N31)

Appendix 1

Appendix 2

Appendix 3


Related Solutions

The data in the table below is from a study conducted by an insurance company to...
The data in the table below is from a study conducted by an insurance company to determine the effect of changing the process by which insurance claims are approved. The goal was to improve policyholder satisfaction by speeding up the process and eliminating some non-value-added approval steps in the process. The response measured was the average time required to approve and mail all claims initiated in a week. The new procedure was tested for 12 weeks, and the results were...
The data in the table below is from a study conducted by an insurance company to...
The data in the table below is from a study conducted by an insurance company to determine the effect of changing the process by which insurance claims are approved. The goal was to improve policyholder satisfaction by speeding up the process and eliminating some non-value-added approval steps in the process. The response measured was the average time required to approve and mail all claims initiated in a week. The new procedure was tested for 12 weeks, and the results were...
The data in the table below is from a study conducted by an insurance company to...
The data in the table below is from a study conducted by an insurance company to determine the effect of changing the process by which insurance claims are approved. The goal was to improve policyholder satisfaction by speeding up the process and eliminating some non-value-added approval steps in the process. The response measured was the average time required to approve and mail all claims initiated in a week. The new procedure was tested for 12 weeks, and the results were...
As a​ follow-up to a report on gas​ consumption, a consumer group conducted a study of...
As a​ follow-up to a report on gas​ consumption, a consumer group conducted a study of SUV owners to estimate the mean mileage for their vehicles. A simple random sample of 90 SUV owners was​ selected, and the owners were asked to report their highway mileage. The results that were summarized from the sample data were bar over x =17.3 mpg and s =6.2 mpg. Based on these sample​ data, compute and interpret a 99​% confidence interval estimate for the...
A consumer group conducted a study of SUV owners to estimate the mean highway mileage for...
A consumer group conducted a study of SUV owners to estimate the mean highway mileage for their vehicles. A simple random sample of 91 SUV owners was selected, and the owners were asked to report their highway mileage. The following results were summarized from the sample data. Sample Mean = 21.3 mpg Standard Deviation = 6.3 mpg Based on these sample data, compute and interpret a 90% confidence interval estimate for mean the highway mileage for SUVs.
A study conducted by a research group in a recent year reported that 58% of cell...
A study conducted by a research group in a recent year reported that 58% of cell phone owners used their phones inside a store for guidance on purchasing decisions. A sample of 16 cell phone owners is studied. Round the answers to at least four decimal places. A) What is the probability that seven or more of them used their phones for guidance on purchasing decisions? The probability that seven or more of them used their phones for guidance on...
A study is conducted concerning automobile speeds and fuel consumption rates. The following data is collected:                        &
A study is conducted concerning automobile speeds and fuel consumption rates. The following data is collected:                                                  X Speed   45        52         49         60         67         61           Y MPG    22         26         21         28         33         32                                                                                                                                              Draw Scatter plot Compute the coefficient of correlation, and make a comment about that. Compute the coefficient of determination, and make a comment about that. Compute the coefficient of Non- determination, and make a comment about that. Find Regression Line and make a comment about that. Also, at what location the line crosses    the y-axis. What is the “Residual’ at...
A study is conducted concerning automobile speeds and fuel consumption rates. The following data is collected:                        &
A study is conducted concerning automobile speeds and fuel consumption rates. The following data is collected:                                                   X Speed   45        52        49         60         67         61          Y MPG    22         26        21        28        33         32                                                                                                                                             Draw Scatter plot Compute the coefficient of correlation and make a comment about that. Compute the coefficient of determination and make a comment about that. Compute the coefficient of Non- determination and make a comment about that. Find Regression Line and make a comment about that. Also, at what location the line crosses               the y-axis. What is the “Residual’ at...
What should I buy? A study conducted by a research group in a recent year reported...
What should I buy? A study conducted by a research group in a recent year reported that 57% of cell phone owners used their phones inside a store for guidance on purchasing decisions. A sample of 15 cell phone owners is studied. Round the answers to at least four decimal places. Part 1 of 4 (a) What is the probability that six or more of them used their phones for guidance on purchasing decisions? The probability that six or more...
The institutional research office has recently conducted a survey group of consumers.According to demographic data, the...
The institutional research office has recently conducted a survey group of consumers.According to demographic data, the research office has given you the following:                       Typical weekly consumer income                  $800                        Price of Frosty Cola                                      $10.00 per case                        Price of Coca-Cola                                        $20.00 per case            You want to break this data down for the chief financial officer in two forms: a slope- intercept equation for the typical consumer's budget constraint and a graphical analysis showing him the typical consumer's budget set. The CFO has specifically asked for...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT