Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
6th Edition
ISBN: 9781337115186
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Textbook Question
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Chapter 3.3, Problem 37E

Consider a sample with a mean of 30 and a standard deviation of 5. Use Chebyshev’s theorem to determine the percentage of the data within each of the following ranges:

  1. a. 20 to 40
  2. b. 15 to 45
  3. c. 22 to 38
  4. d. 18 to 42
  5. e. 12 to 48

a.

Expert Solution
Check Mark
To determine

Find the percentage of the data within the range 20 to 40 using Chebyshev’s theorem.

Answer to Problem 37E

At least 75% of the data are within the range 20 to 40.

Explanation of Solution

Calculation:

The given information is that the mean and standard deviation of the sample are 30 and 5, respectively.

The formula for z-score is zi=xix¯s.

Where x¯ is the sample mean and s is the sample standard deviation.

The z-score corresponding to 20 can be obtained as follows:

Substitute xi=20, s=30 and x¯=5

z=20305=2

Thus, the z-score corresponding to 20 is –2.

The z-score corresponding to 40 can be obtained as follows:

Substitute xi=40, s=30 and x¯=5

z=40305=2

Thus, the z-score corresponding to 40 is 2.

Chebyshev’s Theorem:

The z- standard deviations of the mean contain at least (11z2) of the data, where z is any value greater than 1.

By applying the Chebychev’s theorem with z=2, the value of (11z2) is

1122=114=414=34=0.75

Thus, at least 75% of the data are within the range 20 to 40.

b.

Expert Solution
Check Mark
To determine

Find the percentage of the data within the range 15 to 45, using Chebyshev’s theorem.

Answer to Problem 37E

At least 89% of the data are within the range 15 to 45.

Explanation of Solution

Calculation:

The z-score corresponding to 15 can be obtained as follows:

Substitute xi=15, s=30 and x¯=5

z=15305=3

Thus, the z-score corresponding to 15 is –3.

The z-score corresponding to 45 can be obtained as follows:

Substitute xi=45, s=30 and x¯=5

z=45305=3

Thus, the z-score corresponding to 45 is 3.

By applying the Chebychev’s theorem with z=3, the value of (11z2) is

1132=119=919=89=0.89

Thus, at least 89% of the data are within the range 15 to 45.

c.

Expert Solution
Check Mark
To determine

Find the percentage of the data within the range 22 to 38, using Chebyshev’s theorem.

Answer to Problem 37E

At least 61% of the data are within the range 22 to 38.

Explanation of Solution

Calculation:

The z-score corresponding to 22 can be obtained as follows:

Substitute xi=22, s=30 and x¯=5

z=22305=1.6

Thus, the z-score corresponding to 22 is –1.6.

The z-score corresponding to 38 can be obtained as follows:

Substitute xi=38, s=30 and x¯=5

z=38305=1.6

Thus, the z-score corresponding to 38 is 1.6.

By applying the Chebychev’s theorem with z=1.6, the value of (11z2) is

111.62=112.56=2.5612.56=1.562.56=0.61

Thus, at least 61% of the data are within the range 22 to 38.

d.

Expert Solution
Check Mark
To determine

Find the percentage of the data within the range 18 to 42, using Chebyshev’s theorem.

Answer to Problem 37E

At least 83% of the data are within the range 18 to 42.

Explanation of Solution

Calculation:

The z-score corresponding to 18 can be obtained as follows:

Substitute xi=18, s=30 and x¯=5

z=18305=2.4

Thus, the z-score corresponding to 18 is –2.4.

The z-score corresponding to 42 can be obtained as follows:

Substitute xi=42, s=30 and x¯=5

z=42305=2.4

Thus, the z-score corresponding to 42 is 2.4.

By applying the Chebychev’s theorem with z=2.4, the value of (11z2) is

112.42=115.76=5.7615.76=4.765.76=0.83

Thus, at least 83% of the data are within the range 18 to 42.

e.

Expert Solution
Check Mark
To determine

Find the percentage of the data within the range 12 to 48, using Chebyshev’s theorem.

Answer to Problem 37E

At least 92% of the data are within the range 12 to 48.

Explanation of Solution

Calculation:

The z-score corresponding to 12 can be obtained as follows:

Substitute xi=12, s=30 and x¯=5

z=12305=185=3.6

Thus, the z-score corresponding to 12 is –3.6.

The z-score corresponding to 48 can be obtained as follows:

Substitute xi=48, s=30 and x¯=5

z=48305=185=3.6

Thus, the z-score corresponding to 48 is 3.6.

By applying the Chebychev’s theorem with z=3.6, the value of (11z2) is

113.62=1112.96=12.96112.96=11.9612.96=0.92

Thus, at least 92% of the data are within the range 12 to 48.

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Chapter 3 Solutions

Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)

Ch. 3.1 - Prob. 11ECh. 3.1 - The Big Bang Theory, a situation comedy...Ch. 3.1 - Automobile Fuel Efficiencies. In automobile...Ch. 3.1 - The data contained in the DATAfile named...Ch. 3.1 - 15. Martinez Auto Supplies has retail stores...Ch. 3.1 - 16. The grade point average for college students...Ch. 3.1 - 17. The following table shows the total return and...Ch. 3.1 - 18. Based on a survey of master’s programs in...Ch. 3.1 - Annual revenue for Corning Supplies grew by 5.5%...Ch. 3.1 - Suppose that at the beginning of Year 1 you...Ch. 3.1 - Prob. 21ECh. 3.1 - Prob. 22ECh. 3.2 - 23. Consider a sample with data values of 10, 20,...Ch. 3.2 - Prob. 24ECh. 3.2 - Consider a sample with data values of 27, 25, 20,...Ch. 3.2 - Price of Unleaded Gasoline. Data collected by the...Ch. 3.2 - Round-Trip Flight Prices. The following table...Ch. 3.2 - The Australian Open is the first of the four...Ch. 3.2 - Air Quality Index. The Los Angeles Times regularly...Ch. 3.2 - Prob. 30ECh. 3.2 - The results of Accounting Principals’ latest...Ch. 3.2 - Advertising Spend by Companies. Advertising Age...Ch. 3.2 - Scores turned in by an amateur golfer at the...Ch. 3.2 - Consistency of Running Times. The following times...Ch. 3.3 - 35. Consider a sample with data values of 10, 20,...Ch. 3.3 - 36. Consider a sample with a mean of 500 and a...Ch. 3.3 - 37. Consider a sample with a mean of 30 and a...Ch. 3.3 - 38. Suppose the data have a bell-shaped...Ch. 3.3 - 39. The results of a national survey showed that...Ch. 3.3 - 40. The energy information Administration reported...Ch. 3.3 - 41. The Graduate Management Admission Test (GMAT)...Ch. 3.3 - 42. Many families in California are using backyard...Ch. 3.3 - According to a Los Angeles Times study of more...Ch. 3.3 - NCAA Basketball Game Scores. A sample of 10 NCAA...Ch. 3.3 - The Wall Street Journal reported that Walmart...Ch. 3.4 - Consider a sample with data values of 27, 25, 20,...Ch. 3.4 - Prob. 47ECh. 3.4 - Prob. 48ECh. 3.4 - Prob. 49ECh. 3.4 - Naples Half-Marathon Times. Naples, Florida, hosts...Ch. 3.4 - Pharmaceutical Company Sales. Annual sales, in...Ch. 3.4 - Cell Phone Companies Customer Satisfaction....Ch. 3.4 - Most Admired Companies. Fortune magazine’s list of...Ch. 3.4 - Prob. 54ECh. 3.5 - Five observations taken for two variables...Ch. 3.5 - Prob. 56ECh. 3.5 - The DATAfile TwoStocks contains adjusted monthly...Ch. 3.5 - Driving Speed and Fuel Efficiency. A department of...Ch. 3.5 - Smoke Detector Use and Death Rates. Over the past...Ch. 3.5 - Stock Market Indexes Comparison. The Russell 1000...Ch. 3.5 - Best Private Colleges. A random sample of 30...Ch. 3 - Americans Dining Out. Americans tend to dine out...Ch. 3 - NCAA Football Coaches Salaries. A 2017 USA Today...Ch. 3 - Physician Office Waiting Times. The average...Ch. 3 - Worker Productivity and Insomnia. U.S. companies...Ch. 3 - A study of smartphone users shows that 68% of...Ch. 3 - Work Commuting Methods. Public transportation and...Ch. 3 - Household Incomes. The following data represent a...Ch. 3 - Restaurant Chains’ Sales per Store. The data...Ch. 3 - Prob. 70SECh. 3 - NFL Teams Worth. In 2014, the 32 teams in the...Ch. 3 - MLB Team Winning Percentages. Does a major league...Ch. 3 - 73. The days to maturity for a sample of five...Ch. 3 - 74. Automobiles traveling on a road with a posted...Ch. 3 - Annual Returns for Panama Railroad Company Stock....Ch. 3 - Pelican Stores, a division of National Clothing,...Ch. 3 - The motion picture industry is a competitive...Ch. 3 - The pursuit of a higher education degree in...Ch. 3 - Although millions of elephants once roamed across...
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