Quiz1 Sp 08 KEY-1

# Quiz1 Sp 08 KEY-1 - Name ID KEY ECON 2843 Spring 2008 Quiz...

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KEY ID ECON 2843 Spring 2008 Quiz 1 Students must show all work on problems that involve calculation, even if the question is multiple choice. Questions 1 through 4 refer to the following: The Ollander Corporation operates five food-processing plants in Europe. Recently, the company was considering modifying its financial reward system for the plant managers. The director of human resources collected information on the profits (in thousands of dollars) generated from each plant last year, which are 7,400 , 14,400 , 12,300 , 6,200 , 3,100 , 3,900 1. What is the median of this population? a. \$6,800 b. \$9,250 c. \$6,800,000 * d. \$7,833,333.33 e. \$9,250,000 2. What is the standard deviation of the population? a. \$4,159 b. \$4,556 c. \$4,159,093 * d. \$4,556,058 e. \$7,200,000 3. Compute the interquartile range? IQR \$ 8,400,000.00 4. What is the mode of this data set? All of the data points are modes. 1

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## This note was uploaded on 04/07/2008 for the course ECON 2843 taught by Professor Hudgins during the Spring '08 term at The University of Oklahoma.

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Quiz1 Sp 08 KEY-1 - Name ID KEY ECON 2843 Spring 2008 Quiz...

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