11. An economist produced this graphic with an article stating that gas prices did not move much between November 2004 and July 2005. Explain why the graph does not give a fair picture of the changes in gas prices in this period. Gentle Fluctuation in Gas prices 250 200 150 100 50 2/15/05 5/15/05 11/15/04
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- This question is from the textbook and I had raised a request as the graph was not visible in your solution. The Cambridge Study in Delinquent Development was under-taken in north London to investigate the links between criminal behavior in young men and the socioeconomic factors of their upbringing. A cohort of 395 boys was followed for about 20 years, starting at the age of 8 or 9. The following table shows the total number of criminal convictions by the boys between the start and end of the study. Number of convictions Frequency 0 265 1 49 2 21 3 19 4 10 5 10 6 2 7 2 8 4 9 2 10 1 11 4 12 3 13 1 14 2 a) Display the frequency distribution in a graph. Which type of graph is most appropriate? (b) Describe the shape of the frequency distribution. Is it skewed or is it symmetric? If skewed, is it positively skewed or negatively skewed? Is it unimodal or bimodal? Are there outliers in the…Mercury is a persistent and dispersive environmental contaminantfound in many ecosystems around the world.When released as an industrial by-product, it often finds itsway into aquatic systems where it can have deleteriouseffects on various avian and aquatic species. The accompanyingdata on blood mercury concentration (mg/g) for adultfemales near contaminated rivers in Virginia was read froma graph in the article “Mercury Exposure Effects theReproductive Success of a Free-Living TerrestrialSongbird, the Carolina Wren” (The Auk, 2011: 759–769;this is a publication of the American Ornithologists’ Union)..20 .22 .25 .30 .34 .41 .55 .561.42 1.70 1.83 2.20 2.25 3.07 3.25a. Determine the values of the sample mean and samplemedian and explain why they are different.[Hint: ox1 5 18.55.]b. Determine the value of the 10% trimmed mean andcompare to the mean and median.c. By how much could the observation .20 be increasedwithout impacting the value of the sample median?An economist at Nedbank ran a study of the relationship between FTSE/JSE All Shares index return (JALSH) and consumer price index (CPI) from 2006 to 2017, the data collected is shown in the Table 1 below. FTSE/JSE All Shares index return (JALSH) and consumer price index (CPI) from 2006 to 2017. Year JALSH (Y) CPI (X) 2006 0.41 4.7 2007 0.19 7.1 2008 -0.23 11.5 2009 0.32 7.1 2010 0.19 4.3 2011 0.03 5.0 2012 0.27 5.6 2013 0.21 5.7 2014 0.11 6.1 2015 0.05 4.6 2016 0.00 6.4 2017 0.21 5.3 The estimated regression…
- A salon owner estimates the number of clients she is expecting during the festive season to be 20% during Monday to Wednesday, 20% on Thursday and 60% over the weekend. She therefore hires additional staff to assist during the weekend to meet the client demand. She however only observes 30% during Monday to Wednesday, 20% on Thursday and 50% over the weekend in the first week of December. The salon owner is uncertain whether she should reduce the planned staff for the December festive period due the observed trend or not. She conducts a statistical test at α = 0.05 to determine if the observed trend fits the expected trend. Which of the following statements is true? A. The conclusion of the test is that she should not keep the additional staff for the weekend. B. The df for this test is 3. C. The p-value is greater than α. D. The null hypothesis is that the observed trend is different to the expected trend. E. The test statistic is χ2 = 5.33.1, on the survey, the question "what is your favorite season: winter, spring, summer, fall?" appears. a) what type of data (continuous, discrete, categorical) is being collected?. explain. b) what type of graph would be best to represent this information? explain.Construct a graph that best demonstrates the underlying trend of the following data about eagles in the US. What are the two locations that show the lowest proportion of Avian Pox? Location Total Eagles Eagles with Avian Pox Northeast 121 8 Southeast 283 12 North Central 541 28 South Central 501 36 Northwest 343 24 Southwest 112 20 Alaska 503 8 Construct a very simple bar graph that best demonstrates the number of injuries that occurred for each sport. Sport Injuries Baseball 165,842 Basketball 501,251 Bowling 20,878 Football 451,961 Ice Hockey 19,035 Soccer 208,214 Softball 121,175 Tennis 23,611 Volleyball 60,159
- A) What is the purpose of the “callout bubble” in the bottom right-hand corner of the graph, showing a tiny red square inside the yellow square? Why do you suppose the author felt the need to use a callout bubble? B) Data from this source show that the rate of symptomatic infection with COVID for people who have been vaccinated is about 100 infections per 102,000 vaccinations. As of July 30, 2021, data show that164,000,000 Americans have been fully vaccinated. How many of these vaccinated Americans would be expected to become infected with COVID and display symptoms? C) Data from this source show that the rate of death from COVID for people who have been vaccinated is about 1 death per 102,000 vaccinations. As of July 30, 2021, data show that 164,000,000 Americans have been fully vaccinated. How many of these vaccinated Americans would be expected to die from COVID?Suppose you have been hired as a management consultant by a major oil company to help it optimally price gasoline at its service stations. Your client would like your team to perform a study on customers' gasoline purchasing habits when they notice an increase in the price of gas. You have access to the following groups of people: Group Description Number in Group People who have not noticed a gas-price increase 30 People who drive electric cars 35 People who have recently noticed a gas-price increase 80 People who ride their bikes to work 20 People who ride the bus 100 To set up your experiment on how price-increase awareness impacts customer behavior, you would have ______ people in your treatment group and ______ people in your control group.The attached file contains hypothetical data for working this problem. Goodman Corporation’s and Landry Incorporated’s stock prices and dividends, along with the Market Index, are shown in the file. Stock prices are reported for December 31 of each year, and dividends reflect those paid during the year. The market data are adjusted to include dividends. Construct a scatter diagram graph that shows Goodman’s and Landry’ returns on the vertical axis and the Market Index’s returns on the horizontal axis.
- 1.Plot the data points in a graph with inflation rate on the vertical axis and unemployment rate on the horizontal axis. 2.What patterns do you see in the data? (relationship between inflation and Unemployment) 3.Can you determine the natural rate of unemployment from the data or from the graph?The Beaver Creek Pottery Company sells bowls and mugs, hand-made by Native American artisans, at a craft store and through a Web site. Making these items requires a special type of clay and a large amount of individual person-hours, so for planning purposes, the company would like to forecast future demand, specifically through its Web site, which has increasingly become the primary source of sales. Following is the company’s Web site demand (in items sold) for the past 36 months: Develop a linear trend forecast model, an exponentially smoothed model (a = 0.20), and a 5-month moving average forecast model and indicate which one you think should be used to forecast Web site demand.Amex PLC has gathered following information on the sales of face mask from April 2020 toSeptember 2020.Month Sales ($)April 17,000May 18,000June 19,500July 22,000August 21,000September 23,000You are required to;a. Using linear trend equation forecast the sales of face masks for October 2020.