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In: Statistics and Probability
Consider the following data on the estimated cost (in millions of dollars) resulting from traffic congestion...
Consider the following data on the estimated cost (in millions of dollars) resulting from traffic congestion for different urban areas. The following are the data for the 13 largest U.S. urban areas. Urban Area Total Cost (millions of dollars) New York 16 Los Angeles 13 Chicago 7 Washington, D.C. 5 Houston 5 Dallas, Fort Worth 4 Detroit 4 Miami 4 Phoenix 4 Philadelphia 4 San Francisco 3 Boston 3 Atlanta 3
(a) Calculate the mean and standard deviation for this data set (in millions of dollars). (Round your answers to three decimal places.) mean $ million standard deviation $ million
(b) Delete the observations for New York and Los Angeles and recalculate the mean and standard deviation (in millions of dollars). (Round your answers to three decimal places.) mean $ million standard deviation $ million Compare this mean and standard deviation to the values calculated in part (a).
When New York and Los Angeles were excluded from the data set, the mean and the standard deviation . What does this suggest about using the mean and standard deviation as measures of center and variability for a data set with outliers? This suggests that using the mean and standard deviation as measures of center and variability for data sets with outliers present , because outliers a significant impact on those measures.
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orchestra answered 1 year agoRelated Solutions
Consider the following data on the quantity of production and its cost (in dollars) for a...
Consider the following data on the
quantity of production and its cost (in dollars) for a particular
customized component, for each of 10 weeks.
NumberProduced
Cost
16
207.17
6
90.93
18
227.22
10
153.61
13
155.97
3
68.24
9
112.00
16
185.77
20
260.48
5
80.62
a. Find the usual
statistical measure for the strength of the association between
cost and number produced. Please give both the name and...
Consider the following data ( in millions of dollars): Year Real DI Real C 0 1900...
Consider the following data ( in millions of dollars): Year Real
DI Real C 0 1900 1839 1 2000 1935 2 1700 1647
For now, assume that no other variable ( besides disposable
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0, Year 1, and Year 2. a.) Draw the general shape of the
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consumption function (...
Consider the following 2016 data for Newark Hospital (in millions of dollars) Simple Budget Flexible Budget...
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Simple Budget
Flexible Budget
Actual Results
Revenues
$4.7
$4.8
$4.5
Costs
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4.1
4.2
Profit
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0.7
0.3
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Answer a-d.
The following data show the annual revenue ($ millions) and the estimated team value ($ millions)...
The following data show the annual revenue ($ millions) and the
estimated team value ($ millions) for the 30 Major League Baseball
teams (Forbes website, January 16, 2014).
Team
Revenue ($ millions)
Value ($ millions)
Arizona Diamondbacks
195
584
Atlanta Braves
225
629
Baltimore Orioles
206
618
Boston Red Sox
336
1312
Chicago Cubs
274
1000
Chicago White Sox
216
692
Cincinnati Reds
202
546
Cleveland Indians
186
559
Colorado Rockies
199
537
Detroit Tigers
238
643
Houston Astros
196...
The following data show the annual revenue ($ millions) and the estimated team value ($ millions)...
The following data show the annual revenue ($ millions) and the
estimated team value ($ millions) for the 30 Major League Baseball
teams (Forbes website, January 16, 2014). Team Revenue ($ millions)
Value ($ millions) Arizona Diamondbacks 195 584 Atlanta Braves 225
629 Baltimore Orioles 206 618 Boston Red Sox 336 1312 Chicago Cubs
274 1000 Chicago White Sox 216 692 Cincinnati Reds 202 546
Cleveland Indians 186 559 Colorado Rockies 199 537 Detroit Tigers
238 643 Houston Astros 196...
The following data show the annual revenue ($ millions) and the estimated team value ($ millions)...
The following data show the annual revenue ($ millions) and the
estimated team value ($ millions) for the 30 Major League Baseball
teams (Forbes website, January 16, 2014).
Team
Revenue ($ millions)
Value ($ millions)
Arizona Diamondbacks
195
584
Atlanta Braves
225
629
Baltimore Orioles
206
618
Boston Red Sox
336
1312
Chicago Cubs
274
1000
Chicago White Sox
216
692
Cincinnati Reds
202
546
Cleveland Indians
186
559
Colorado Rockies
199
537
Detroit Tigers
238
643
Houston Astros
196...
Refer to the traffic congestion cost table as the primary source of your observations, and do...
Refer to the traffic congestion cost table as the primary source
of your observations, and do the followings;
1. Summarize
the cost by calculating the mean and standard deviation for each
region
2. Calculate
the Standard deviation for all five regions ONLY TYPED HARD COPY IS
ACCEPTED
3. Use a bar
graph for this data set and show the five averages on the graph
4. List all
the averages and standard deviations of five regions for
comparison
City
Cost Traffic...
Given the following data (in millions of dollars): contributedcapital in excess of par, $70;...
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expense, $10; earnings after taxes, $32; common stock ($1 par), $8; earnings before
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The following data represent a sample of the assets (in millions of dollars) of 28 credit...
The following data represent a sample of the assets (in millions
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dollars. Use Excel to find the 99% confidence interval of the mean
assets in millions of dollars. Round your answers to three decimal
places and use ascending order.
Assets
12.23
2.89
13.19
73.25
11.59
8.74
7.92
40.22
5.01
2.27
16.56
1.24
9.16
1.91
6.69
3.17
4.78
2.42...
Consider Fisher & Company’s financial data as follows (unit: millions of dollars except ratio and time...
Consider Fisher & Company’s financial data as follows (unit:
millions of dollars except ratio and time figures):
Cash and marketable securities
$100
Fixed assets
$280
Sales
$1,200
Net income
$358
Inventory
$180
Current ratio
3.2
Average collection periods
45 days
Average common equity
$500
Find Fisher’s accounts receivable
Calculate the amount of current assets
Determine the amount of current liabilities
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