SMAM 319 Exam 1 Name. 1.Pick the best choice for the multiple choice questions below (10 points 2 each)

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1 SMAM 319 Exam 1 Name 1.Pick the best choice for the multiple choice questions below (10 points 2 each) A b In Metropolis there are some houses for sale. Superman and Lois Lane are interested in the average cost of houses in Metropolis. A random sample of five houses that are on the market have asking prices $101,400,$131,200,$98,400,$562,600, $101,400. The best estimator of the average cost of houses in Metropolis is The a. mean b. median c. standard deviation d. mode e. the range. B. d The five number summary for a set of data is 10, 12, 14, 16, 24. Based on this information the data set has a. no outliers b. exactly one outlier, c. at most one outlier d. at least one outlier e. two outliers. C. _d The percentage of variation accounted for by a linear regression model is 64%. The least square equation has a negative slope. The correlation coefficient is a b c. 0.8 d. 0.8 e. 64. D b Two variables have a correlation coefficient of 0.2. That indicates that there is a. no relationship between the two variables b. There is a weak negative linear relationship between the two variables. c. There is a strong positive linear relationship between the two variables. d. There is a strong negative linear relationship between the two variables. e. the least square equation is a perfect fit. E. a The mean of a set of a normal set of data is 15 and the standard deviation is 2. According to the empirical rule about 95% of the data points should lie between the numbers a. 11 and 19 b. 13 and 17 c. 9 and 21 d. 0 and 16 e. 13 and infinity. 2. Given the set of numbers 1,2,2,2,3,5,7. A.Use the appropriate buttons on your calculator to find the sample (15 points 3 per numbered part) (1) mean x = (2) standard deviation s = B. What is the (1) median median = 2 (2) mode mode = 2 (3) range range= 6

2 3. The data in the ordered stem and leaf display below is for the number of grams of fat in 20 sandwiches served at Mc Donalds A. Make a five number summary.(5 points) B. Find the interquartile range and use it to determine whether there are any outliers.(5 points) IQR =26 15=11 11x1.5=16.5 no outliers C. Draw a boxplot.(5 points)

3 D. Would the empirical rule apply to this data? Explain why or why not.(4 points) The empirical rule would not apply because the data is not normally distributed. E. x = 20.45,s = How many observations are at most 1.25 standard deviations from the mean?(3 points) ± 1.25(8.29) (10.5,30.8) 16 observations F. According to Chebychev s rule at least how many observations should be at most 1.25 standard deviations from the mean?(3 points) 1 1 / (1.25) 2 =.36 At least 36% of the observations or at least 7 observations.

4 4.An examination in elementary statistics for Section 1 has an average grade of 80 with a standard deviation of 5. The examination in Section 2 has an average grade of 70 with a standard deviation of 8. A. Tom in Section 1 earns a 78 on the exam. What is his Z score?(5 points) Z = =.4 B. Robert in Section 2 earns 72 on his exam. What is his Z score?(5 points) Z = =.25 C. Who does better relative to his class? Explain.(5 points) Tom does better because he has a higher z score. 5. A data set has regression equation y = x. A. Would the correlation coefficient be positive or negative? Explain.(5 points) The correlation coefficient and the slope have the same sign. The correlation coefficient would be negative. B. The correlation coefficient is 0.9. What percentage of the variation is accounted for by the regression model?(5 points) 81% C. The observed value of y when x = 2 is y=2.6. What is the residual when x =2?(5 points)

5 y = (2) =2.4 residual = = Classified ads in the Ithaca Journal offered several used Toyota Corollas for sale. Listed below are the ages of the cars and the advertised prices. Price Row Age(yr) Advertised Price($) The following Minitab output was generated. Regression Analysis: Price Advertised($) versus Age(yr) The regression equation is Price Advertised($) = Age(yr) Predictor Coef SE Coef T P Constant Age(yr) S = R-Sq = 94.4% R-Sq(adj) = 94.0% Analysis of Variance Source DF SS MS F P Regression Residual Error Total Unusual Observations Price Obs Age(yr) Advertised($) Fit SE Fit Residual St Resid

6 R R denotes an observation with a large standardized residual. MTB > print c1 c2 A.Fill in the blanks below using the computer printout and your knowledge of Statistics. (1)The least square equation has slope 959 and y intercept The least square equation is y= x (6 points 2 each) (2) The percentage of variation accounted for by the regression model is _94.4%. As a result the correlation coefficient is.9715 (6 points 2,4) B. Predict the price of an 8 year old car.(4 points) y= (8)=6614 C.Suppose I asked you to find the residual for a 4 year old car. (1)What difficulty would you encounter?(2 points) The values of y are different each time you replicate x=4. (2) Suggest a way around this difficulty.(2 points) Obtain the mean of the y values for x=4. Subtract this from the observed value.

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