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Eco 100 Entire Course

In: Other Topics

Submitted By persrespfi
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This work contains QNT 561 Week 4 Individual Assignment Types of Surveys Paper

Individual Assignment: Types of Surveys Paper

Resource: Business Research Methods

Answer question 5 on p. 270 of Business Research Methods.

Write a 150- to 200-word response for each part of the question. Provide a rationale to support your answers.

Mathematics - Statistics 1. Consider the following raw data, which is the result of selecting a random sample of 20 condominium sales in a particular development. The sale prices are given in thousands of dollars ($1,000s).

131 142 120 135 126

153 135 131 126 133

147 137 130 126 140

138 144 132 132 138

1a. Compute the mean, median, mode, and standard deviation, Q1, Q3, Min, Max for the above sample data on sale prices.

1b. In the context of this situation, interpret the Median, Q1, and Q3.

2. Consider the following data on newly hired employees in relation to which part of the country they were born and their highest degree attained.

HS BS MS PHD Total

East 3 5 2 1 11

Midwest 7 9 2 0 18

South 5 8 6 2 21

West 1 7 8 6 22

Total 16 29 18 9 72

If you choose one person at random, then find the probability that the person

Has a PHD Is from the East and has a BS as the highest degree attained. Has only a HS degree, given that person is from the West.

3. Historically, 70% of your customers at Rodale Emporium pay for their purchases using credit cars. In a sample of 20 customers, find the probability that

Exactly 14 customers will pay for their purchases using credit cards. At least 10 customers will pay for their purchases using credit cards. At most 12 customers will pay for their purchases using credit cards.

4. Pharmacies continually monitor their pres

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