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Answers

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  3. Give two examples of events that could shift the demand for labor and the supply of labor. Use two graphs to demonstrate your answers in detail, please.
  4. Match the answers and the questions.
  5. Read the text and find answers to the following questions.
  6. V. Write 12 questions suggesting answers with these patterns. (The questions in Ex. IV may serve as a model.)

1. a) 10; b) 2.8; c) 11.3; 3.4; d) 6; 2. a) 29.52; 5.43; b) 4.75; c) 15;

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4. a) 10; b) 9; c) 3; 5. ; b) ; c) ;

6. ; ; ; 7. for both data sets;

8. and ; 9. 45; 43.5; 50; ; ; 10. a) 550-1050; b) 700-900; 11. a) 23.000-35.000;

b) 23.000-35.000; 12. a) ; b) ;

13. $4.84-$5.20; 14. 89-101; 15. a) 37.000-53.000.

 

 

Numerical summary of grouped data

Mean for data with multiple-observation values

 

Suppose that a data set contains values occurring with frequencies, respectively.

1. For a population of observations, so that

The mean is

2. For a sample of observations, so that

The mean is

The arithmetic is most conveniently set out in tabular form.

Example:

The score for the sample of 25 students on a 5-point quiz are shown below. Find the mean.

Score Frequency
   
 

 

Solution:

We must find . We need a column to display the computation of the quantity (Table 1.3):

 

Table 1.3

Score Frequency
    0· 1=0 1· 2=2 2· 6=12 3· 12=36 4· 3=12 5· 1=5
 

 

In the end, .

 

Hence the mean of the scores

Is approximately 2.7.


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Читайте в этой же книге: F. Связь с бухгалтерским учетом | G. Расширение областей, охватываемых СНС | The mean | The median | The Mode | Measures of dispersion for ungrouped data | The mean absolute deviation | The variance and the standard deviation | Interpretation of the population standard deviation | The interquartile range |
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Exercises| Variance for data with multiple-observation values

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