BUAD 310 – Fall 2007 - Dr. Arif Ansari
Homework # 1 (100 points)
Turn in your homework to me on (9/19/07).
The problem below cover most of the topics covered in class in the first three weeks.
The quizzes, midterm and final will have questions similar to the home works, later
in the semester I will also post old quizzes, midterms and final on black board.
Basics - Are you ready?
Descriptive Statistics (A- Z)
HW# 1 -Turn in Problem 1 a, f, g, h, j, k, o, r, t, w for grading and
Multiple choice (Due date 09/19/2007)
The word problem is taken from Problem 2.10 from page 26 of your
text book (modified to suit my class)
Part 1 - Problem 1 (50 points for answers and 25 points for Minitab
The Insurance Institute for Highway Safety published data on the total damage suffered by compact
automobiles in a series of controlled, low-speed collisions. The data, in dollars, with brand names removed
is given below:
The above problem talks about the investigation done by “The Insurance Institute for Highway Safety” they
want to find the total damage suffered by compact automobiles in low-speed collisions. To find the dollar
cost, they took a sample of 30 compact automobiles and the damage in dollars is given above.
assigned to investigate and analyze the problem in detail. Study the problem and answer the following
For grading you have to
Turn in problem 1 a, f, g, h, j, k, o, r, t, w only.
Explain the Population, Parameter, Sample and Statistics.
The population: All the Compact Automobiles
Parameter: The average cost of damage in dollars for all compact automobiles in low-speed
Sample: The 30 randomly selected compact automobiles.
Statistic: The average cost of damage in dollars for 30 randomly selected compact automobiles in