EBK STATISTICAL TECHNIQUES IN BUSINESS
EBK STATISTICAL TECHNIQUES IN BUSINESS
17th Edition
ISBN: 9781259924163
Author: Lind
Publisher: MCGRAW HILL BOOK COMPANY
bartleby

Concept explainers

bartleby

Videos

Question
Book Icon
Chapter 4, Problem 13E

a.

To determine

Find the first quartile.

Find the third quartile.

a.

Expert Solution
Check Mark

Answer to Problem 13E

The first quartile is 33.25.

The third quartile is 50.25.

Explanation of Solution

Calculation:

Location of percentile:

The formula for percentile is,

LP=(n+1)P100

In the formula, P denotes the location of the percentile and n denotes the total number of observations.

First quartile:

The first quartile represents the 25% of observation lies below first quartile. That is P=25. There are 30 observations in the dataset arranged in ascending order.

Substitute, P=25,n=30 in the percentile formula.

L25=(30+1)25100=31×25100=775100=7.75

The position of first quartile is 7.75th value in the dataset.

First quartile=7thvalue+(8thvalue7thvalue)0.75=31+(3431)0.75=31+2.25=33.25

Hence, the first quartile is 33.25.

Third quartile:

The third quartile represents the 75% of observation lies above third quartile. That is P=75.

Substitute, P=75,n=30 in the percentile formula.

L75=(30+1)75100=31×75100=2,325100=23.25

The position of third quartile is 23.25th value in the dataset.

Third quartile=23rdvalue+(24thvalue23rdvalue)0.25=50+(5150)0.25=50+0.25=50.25

Hence, the third quartile is 50.25.

b.

To determine

Find the second decile.

Find the eighth decile.

b.

Expert Solution
Check Mark

Answer to Problem 13E

The second decile is 27.8.

The eighth decile is 52.6.

Explanation of Solution

Calculation:

Location of decile:

The deciles divide the total observation into 10 equal parts. The formula for decile is,

Di=(n+1)i10

In the formula, i denotes the location of the decile and n denotes the total number of observations.

Second decile:

Substitute, i=2,n=30 in the percentile formula.

D2=(30+1)210=31×210=6210=6.2

The position of second decile is 6.2th value in the dataset.

D2=6thvalue+(7thvalue6thvalue)0.20=27+(3127)0.20=27+0.8=27.8

Hence, the second decile is 27.8.

Eighth decile:

Substitute, i=8,n=30 in the percentile formula.

D8=(30+1)810=31×810=24810=24.8

The position of eighth decile is 24.8th value in the dataset.

D8=24thvalue+(25thvalue24thvalue)0.80=51+(5351)0.80=51+1.6=52.6

Hence, the eighth decile is 52.6.

c.

To determine

Find the 67th percentile.

c.

Expert Solution
Check Mark

Answer to Problem 13E

The 67th percentile is 47.

Explanation of Solution

Calculation:

Substitute, P=67,n=30 in the percentile formula.

L67=(30+1)67100=31×67100=2,077100=20.77

The position of 67th percentile is 20.77th value in the dataset.

67thpercentile=20thvalue+(21thvalue20thvalue)0.77=47+(4747)0.77=47

Hence, the 67th percentile is 47.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Chapter 4 Solutions

EBK STATISTICAL TECHNIQUES IN BUSINESS

Ch. 4 - Prob. 9ECh. 4 - Prob. 10ECh. 4 - Prob. 2SRCh. 4 - Prob. 11ECh. 4 - Prob. 12ECh. 4 - Prob. 13ECh. 4 - Kevin Horn is the national sales manager for...Ch. 4 - The following box plot shows the assets in...Ch. 4 - Prob. 15ECh. 4 - Prob. 16ECh. 4 - Prob. 17ECh. 4 - A sample of 28 time shares in the Orlando,...Ch. 4 - Prob. 4SRCh. 4 - Prob. 19ECh. 4 - Prob. 20ECh. 4 - Prob. 21ECh. 4 - Prob. 22ECh. 4 - Prob. 5SRCh. 4 - Prob. 23ECh. 4 - Prob. 24ECh. 4 - Prob. 25ECh. 4 - Ski Resorts of Vermont Inc. is considering a...Ch. 4 - Prob. 27CECh. 4 - Prob. 28CECh. 4 - Prob. 29CECh. 4 - Prob. 30CECh. 4 - Prob. 31CECh. 4 - Prob. 32CECh. 4 - Prob. 33CECh. 4 - Prob. 34CECh. 4 - Prob. 35CECh. 4 - Prob. 36CECh. 4 - Prob. 37CECh. 4 - Prob. 38CECh. 4 - Prob. 39CECh. 4 - Prob. 40CECh. 4 - Prob. 41CECh. 4 - Prob. 42CECh. 4 - Prob. 43CECh. 4 - Prob. 44DACh. 4 - Prob. 46DACh. 4 - The duration in minutes of a sample of 50 power...Ch. 4 - Prob. 2PCh. 4 - Prob. 3PCh. 4 - Prob. 4PCh. 4 - Prob. 5PCh. 4 - A. Century National Bank The following case will...Ch. 4 - A. Century National Bank The following case will...Ch. 4 - Prob. 3CCh. 4 - The science of collecting, organizing, presenting,...Ch. 4 - Methods of organizing, summarizing, and presenting...Ch. 4 - Prob. 1.3PTCh. 4 - List the two types of variables.Ch. 4 - Prob. 1.5PTCh. 4 - The jersey numbers of Major League Baseball...Ch. 4 - Prob. 1.7PTCh. 4 - Prob. 1.8PTCh. 4 - Prob. 1.9PTCh. 4 - Prob. 1.10PTCh. 4 - Prob. 1.11PTCh. 4 - Prob. 1.12PTCh. 4 - Prob. 1.13PTCh. 4 - Prob. 2.1PTCh. 4 - Prob. 2.2PTCh. 4 - Prob. 2.3PTCh. 4 - Prob. 2.4PTCh. 4 - Prob. 2.5PT
Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Sampling Methods and Bias with Surveys: Crash Course Statistics #10; Author: CrashCourse;https://www.youtube.com/watch?v=Rf-fIpB4D50;License: Standard YouTube License, CC-BY
Statistics: Sampling Methods; Author: Mathispower4u;https://www.youtube.com/watch?v=s6ApdTvgvOs;License: Standard YouTube License, CC-BY