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A retail survey asked college students how much they planned to spend in various categories during the upcoming academic year. One category is the amount student on school supplies. The data below show the amount of money students planned to spend on school supplies. 58, 60, 67, 69, 70, 73, 74, 77, 78, 80, 83, 84, 87, 89, 94, 96, 97, 100, 102, 105 USE SALT (a) Calculate the mean and median for the distribution of money students planned to spend on school supplies. mean median (b) What is the 75th percentile of the distribution? (c) Determine the five-number summary. minimum Q1₁ median Q3 maximum

A retail survey asked college students how much they planned to spend in various categories during the upcoming academic year. One category is the amount student on school supplies. The data below show the amount of money students planned to spend on school supplies. 58, 60, 67, 69, 70, 73, 74, 77, 78, 80, 83, 84, 87, 89, 94, 96, 97, 100, 102, 105 USE SALT (a) Calculate the mean and median for the distribution of money students planned to spend on school supplies. mean median (b) What is the 75th percentile of the distribution? (c) Determine the five-number summary. minimum Q1₁ median Q3 maximum

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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**Retail Survey Analysis on College Students' Spending on School Supplies** _A retail survey asked college students how much they planned to spend in various categories during the upcoming academic year. One category is the amount students planned to spend on school supplies. The data below show the amount of money students planned to spend on school supplies._ Data: 58, 60, 67, 69, 70, 73, 74, 77, 78, 80, 83, 84, 87, 89, 94, 96, 97, 100, 102, 105 ### (a) Calculate the mean and median for the distribution of money students planned to spend on school supplies. - **Mean:** __________ - **Median:** __________ ### (b) What is the 75th percentile of the distribution? - 75th Percentile: __________ ### (c) Determine the five-number summary. - **Minimum:** __________ - **Q1:** __________ - **Median:** __________ - **Q3:** __________ - **Maximum:** __________ This exercise involves calculating key statistical measures (mean, median, percentiles, and five-number summary) to understand the spending distribution of students on school supplies. Use tools such as standard calculators or statistical software to compute these values accurately. The engagement with these calculations helps to interpret data effectively and gain insights into spending behaviors among college students.
Transcribed Image Text:**Retail Survey Analysis on College Students' Spending on School Supplies** _A retail survey asked college students how much they planned to spend in various categories during the upcoming academic year. One category is the amount students planned to spend on school supplies. The data below show the amount of money students planned to spend on school supplies._ Data: 58, 60, 67, 69, 70, 73, 74, 77, 78, 80, 83, 84, 87, 89, 94, 96, 97, 100, 102, 105 ### (a) Calculate the mean and median for the distribution of money students planned to spend on school supplies. - **Mean:** __________ - **Median:** __________ ### (b) What is the 75th percentile of the distribution? - 75th Percentile: __________ ### (c) Determine the five-number summary. - **Minimum:** __________ - **Q1:** __________ - **Median:** __________ - **Q3:** __________ - **Maximum:** __________ This exercise involves calculating key statistical measures (mean, median, percentiles, and five-number summary) to understand the spending distribution of students on school supplies. Use tools such as standard calculators or statistical software to compute these values accurately. The engagement with these calculations helps to interpret data effectively and gain insights into spending behaviors among college students.
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