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If somebody invests TL 1,000 at 7%, TL 3,000 at 7.5% and TL 16,000 at 8%.

jeremy-baker
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If somebody invests TL 1,000 at 7%, TL 3,000 at 7.5% and TL 16,000 at 8%.

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  1. In the year 2000, the average salaries of elementary school teachers in Oregon, Washington and Alaska were (in thousands USD) 40.9, 41.1 and 47.3. Given that there were 19.7, 28.1 and 5.3 thousand teachers in these states. Find the average salary of all the elementary school teachers in the three states.

  2. A wholesaler sold 575, 410 and 520 microwave ovens at prices (in USD) 75, 125 and 100 respectively. What is the mean price of the ovens sold?

  3. If somebody invests TL 1,000 at 7%, TL 3,000 at 7.5% and TL 16,000 at 8%. What is the overall percentage yield of these investments?

  4. A researcher claims that each year, there is an average of 300 victims of identity theft in major cities. Twelve were randomly selected, and the number of victims of identity theft in each city is shown. 574 229 663 372 102 88 117 239 465 136 189 75 Can you conclude that the researcher was correct?

  5. The number of employees of the municipalities in a certain area of a country were given in the following table Find the mean and modal class?

  6. Eighty randomly selected light bulbs were tested to determine their lifetimes (in hours). This frequency distribution was obtained. Find the mean and modal class?

  7. THE MODE - If a data set has only one value that occurs with greatest frequency is said to be UNIMODAL • If a data set has two values that occur with the same greatest frequency is said to be BIMODAL • If a data set has more than two values that occur with the same greatest frequency, each value is used as the mode, and the data set is said to be MULTIMODAL • When no data value occurs more than once, the data set is said to have NO MODE

  8. Example: The following data represent the duration (in days) of Space Shuttle voyages for the years 1992-1994. (18 values) 8,9,9,14,8,8,10,7,6,9,7,8,10,14,11,8,14,11 Q: Find The Mode

  9. Example: A manager of clothing store wants to approximate the median age of both his male and female customers so that he can take this into account when ordering stock. The following data are obtained (age in years) Female (x) Male (y) Q: Find the median age in years for both female and male customers

  10. Example: These data are obtained on the sales per day in thousand of TRL at two franchises of the same hamburger chain. Franchise A Franchise B A- Find the sample mean for each franchise. Based on statistics, does it appear that the average sales per day for A is about the same as that for B? Explain. B- Find the sample median for each franchise. Based on statistics, does it appear that the average sales per day for A is about the same as that for B? Explain. C- Is it safe to say the distribution of sales per day is the same for these two franchises? Be Careful!!!! Look at the stem-and-leaf displays for the two data sets.

  11. MONTHLY STARTING SALARY (In TRL) TOTAL: 35,280

  12. 1- The Mean can be calculated for any set of NUMERICAL Data 2- The Mean is unique and unambiguous value. 3- The means of several sets of data can always be combined into the overall mean of all the data. 4- If each value in a sample were replaced by the mean, then ∑X would remain unchanged 5- The mean takes into account the value of each item in a set of data. 6- The mean is relatively reliable in the sense that means of many samples drawn from the same population generally do not fluctuate, or vary, as widely as other statistics used to estimate the mean of a population. Properties of the Mean

  13. In addition to the properties of the Mean; 1- It splits the data into two parts 2- The median is preferable to the mean because it is not so easily affected by extreme values. Properties of the Median

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