Question

In: Statistics and Probability

The following is a stem-and leaf display for revenue from a small neighborhood Delicatessen. 50|0 9...

The following is a stem-and leaf display for revenue from a small neighborhood Delicatessen. 50|0 9 51|0 8 9 52|0 0 3 3 9 9 53|1 2 2 3 6 54|2 3 55|1 3 Find the first and third quartiles ands the median for this data. Without calculating, guess at the mean of this data and explain your guess.

Solutions

Expert Solution

Data values by using stem and leaf i.e 50|0 = 500

500 , 509 , 510 , 518 , 519 , 520 , 520 , 523 , 523 , 529 , 529 , 531 , 532 , 532 , 533 , 536 , 542 , 543 , 551 , 553

Step :1 Find the median ( Q2)

The median is the middle most value of the data set

So, we get middle value of the data set is average of 10th and 11th data value , hence we get median ( Q2) = (529 +529) /2 = 529

Answer : Median = 529

Find the first quartile ( Q1)

The first quartile, denoted by Q1 , is the median of the lower half of the data set. This means that about 25% of the numbers in the data set lie below Q1 and about 75% lie above Q1 .

Hence we get, average of 5th and 6th data values, which is

(519 + 520 ) / 2 = 519.5

Answer : first quartile ( Q1) = 519.5

Find the third quartile ( Q3)

The third quartile, denoted by Q3 , is the median of the upper half of the data set. This means that about 75% of the numbers in the data set lie below Q3 and about 25% lie above Q3

Hence we get , average of 15th and 16th data value, which is

(533 + 536 ) / 2 = 534.5

Answer : third quartile (Q3) = 534.5

Find the mean :

Mean is the sum of all data values / number of data values

Mean = (500 + 509 + 510 + .... + 543 + 551 + 553) / 20 = 527.65

Without calculating, the mean for this data is near by median. So is approximately median

Answers :

First quartile : 519.5

Third quartile : 534.5

Median : 529

Mean : 527.65


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