Exam 1a Sp 08 sec 10 KEY

Exam 1a Sp 08 sec 10 KEY - ECON 2843 Exam 1 Spring 2008...

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ECON 2843 Name KEY Exam 1 ID # Spring 2008 Lab instructor Form A Meeting Time Students must show all work on problems that involve calculation. Questions 1 through 5 refer to the following. The following lists the biggest banks in the world ranked by assets (in billions of $) according to American Banker . Assets Bank in billions of $ Citigroup (New York) 903 Deutsche Bank (Frankfurt) 873 Bank of Tokyo-Mitsubishi 721 J.P. Morgan Chase (New York) 715 UBS (Zurich) 674 HSBC Holdings (London) 673 BHV AG (Munich) 654 BNP-SG-Paribas (Paris) 652 BankAmerica (Charlotte) 642 1. What is the median of the data set? (5 points) 5 a. $261 b. $674 c. $723 d. $674,000,000,000 * e. $723,000,000,000 2. What is the interquartile range of the data set? (5 points) $144 billion 3. What is the Mean Absolute Deviation (MAD) of the data set? (5 points) $73.333333333.33 billion, or $73,333,333,333 1
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4. Suppose that an investor decides to deposit money in 3 of these banks, to be chosen at random. What is the probability that all 3 banks will have their headquarters in the U.S.?
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Exam 1a Sp 08 sec 10 KEY - ECON 2843 Exam 1 Spring 2008...

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