Problem Set 1

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Problem # 60
Owenns Orchards sell apples in a large bag by weight. A sample of seven bag contained the following numbers of apple: 23, 19, 26, 17, 21, 24, 22.
a) Complete the mean number & Median number of apples in a bag
    Sample Mean:   ¯X=SX/n
¯X= (26+24+23+22+21+19+17)/7
¯X  = 152/7
¯(X )= 22

    Sample Median:
Low to high    High to low
17    26
19    24
21    23
22    22    ? Median  22
23    21
24    19
26    17


b) Verify that  ?(X-¯X) = 0

(26-22)+(24-22)+(23-22)+(22-22)+(21-22)+(22-19)+(17-22)=

4+2+1+0-1-3-5=
                                               
          = -0.2


    Problem # 62
The Citizens Banking Company is studying the number of times the ATM located in a Loblaws Supermarket at the foot of Market Street is used per day. Following are the numbers of times the machine was used over each of the last 30 days.
    
Where:
n = 30
    ¯X = ?


83    64    84    76    84    54    75    59    70    61
63    80   &n ...
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