HW #1 part 1

HW #1 part 1 - 4750=1, === 1251-1750 g. Range 4300-361 =...

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Neil Mahoney BUAD 310 HW #1 Prof. Ansari February 6, 2008 a. Population – compact automobiles in low-speed collisions Parameter – total damage suffered by compact automobiles in low-speed collisions Sample – 30 compact automobiles in low-speed collisions Statistic – the damage in dollars of the low-speed collisions f. Mean – 44921/30 = 1497 Median – 1267 + 1328 = 2595/2 = 1298 Mode – 250-750=6, 751-1250=8, 1251-1750=9, 1751-2250=2, 2750-3250=3, 3750-4250=1, 4251-
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Unformatted text preview: 4750=1, === 1251-1750 g. Range 4300-361 = 3939 Variance = 1076897 St. Dev. = 1038 h. CV = St. Dev./Mean = 1038/1497 = .693*100 = 69.3% i. yes = median < mean = 1298 < 1497 = right-skewed (STR) k. Yes, I could make the mean robust by removing outliers from the sample size; thus shrinking the number in the sample size. o,r,t. Minitab...
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