Homework-Lecture 3

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Homework of lecture 3

Exercise 3.1: The dividend yields for 15 listed property trusts in Australia are
recorded as percentages below.

7.34; 7.53; 8.62; 7.56; 8.63; 7.75; 6.40; 8.72; 7.44; 6.00; 8.35; 6.84; 7.43; 7.77; 8.92

a) Calculate the mean and the standard deviation of the 15 yields.

b) Calculate the coefficient of variation of the 15 yields.

c) Construct a relative frequency histogram for the yields.

d) Find the median of the 15 yields, and locate the mean and the median on your
histogram.

Exercise 3.2: The ages of a sample of 25 stockbrokers were recorded as follows:

50; 64; 32; 55; 41; 44; 24; 46; 58; 47; 36; 52; 54;

44; 66; 47; 59; 51; 61; 57; 49; 28; 42; 38; 45

a) Construct a stem-and-leaf for the ages.

b) Find the median age for the sample data.

c) Find the lower quartile of the ages.

d) Find the upper quartile of the ages.

e) Find the 80th percentile of the ages.

f) Find the interquartile range of the ages.

g) Do the data have any outliers?

h) Draw a box-plot for this sample.

Exercise 3.3: The number of items returned to a leading Brisbane retailer by its
customers were recorded for the last 25 days and are as follows:

21; 18; 6; 12; 24; 8; 19; 21; 16; 6; 17; 14; 25;

16; 21; 22; 17; 19; 10; 20; 19; 11; 9; 29; 25

a) Draw a frequency distribution for these data. Use five class intervals, with the
lower boundary of the first class being 5 days.

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b) Draw a relative frequency histogram for these data.

c) What is the relationship between the areas under the histogram you have drawn
and the relative frequencies of the observations?

d) Find the sample mean, the median, the mode, the sample variance and the sample
standard deviation for these data.

e) What proportion of items falls in the interval x̄ ∓ 2s ?

f) Does it appear that the population from which this sample was taken has a mound-
shaped distribution?

g) Compare the actual proportion of items falling into the intervals x̄ ∓ s and x̄ ∓ 2s
with the proportion suggested by the empirical rule.

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