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hw1_su08

# hw1_su08 - BUAD 310 Summer 2008 Dr Arif Ansari Homework...

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BUAD 310 – Summer 2008 - Dr. Arif Ansari Homework # 1 (100 points) Turn in your homework to me on (06/04/08). The problem below cover most of the topics covered in class in the first two 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? 1. Descriptive Statistics (A- Z) - HW# 1 -Turn in Problem 1 a, f, g, h, j, m, o, r, t, w for grading and Multiple choice (Due date 06/04/2008) The word problem is taken from Problem 2.10 from page 26 of your text book (modified to suit my teaching style) Part 1 - Problem 1 (50 points for answers and 25 points for Minitab printouts) 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: 361 393 430 543 566 610 763 851 886 886 887 976 1039 1124 1267 1328 1415 1425 1444 1450 1476 1542 1544 2048 2197 3000 3050 3120 4000 4300 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. You are assigned to investigate and analyze the problem in detail. Study the problem and answer the following questions. Note: For grading you have to Turn in problem 1 a, f, g, h, j, m, o, r, t, w only. a. Explain the Population, Parameter, Sample and Statistics.

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hw1_su08 - BUAD 310 Summer 2008 Dr Arif Ansari Homework...

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