Recently, a random sample of 13-18 year olds was asked, 'How much do you currently have in

Question:

Recently, a random sample of 13-18 year olds was asked, 'How much do you currently have in savings?" The data in the table represent the responses to the survey. Approximate the mean and standard deviation amount of savings.

Savings ...................... Frequency

$0-$199 ...................... 339

$200-$399 ................... 86

$400-$599 ................... 55

$600-$799 ................... 18

$800-$999 ................... 11

$1000-$1199 ................ 8

$1200-$1399 ................ 3

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Statistics Informed Decisions Using Data

ISBN: 9780134133539

5th Edition

Authors: Michael Sullivan III

See More Books

Question Posted: Jan 10, 2018 01:44 AM

See More Questions

Approximately 13% of the general population is left-handed. A researcher has recently come into contact with a number of left-handed artists and wonders whether artists are more likely to be...
A random sample of 250 Ontario households using natural gas heating show that the mean monthly consumption of natural gas is 107.73 cu. ft., with a standard deviation of 13.94 cu. ft. Use these...
A random sample of 81 Automobiles traveling on a section of an interstate showed an average speed of 60 mph. The distribution of speeds of all cars on this section of highway is normally distributed,...
The following items were shown on the balance sheet of Herman Corporation on December 31, 2010: Stockholders Equity Paid-In Capital Capital Stock Common stock , $5 par value, 360,000 shares...
A telephone line hangs between two poles 14 m apart in the shape of the catenarys y = 20 cosh(x/20) 15, where and y are measured in meters. (a) Find the slope of this curve where it meets the right...
9 P 5 Perform the indicated calculation.
Oil $(S G=0.9)$ flows downward through a vertical pipe contraction as shown in Fig. P5.97. If the mercury manometer reading, $h$, is $100 \mathrm{~mm}$, determine the volume flowrate for...
Cypress Corporation has regular taxable income of $170,000 (assume annual gross receipts are greater than $5 million) and a regular tax liability of $49,550 for 2014. The corporation also has tax...
c) Please analyse figure below: i. ii. page: ABBACDEFGCDF Frame: 1 A A FL 2 BB 131 E 3 C G 4 D C Figure 2 D F What is the replacement policy that been used in Figure 2. Please support your answer...
Recall the Martin-Beck Company supply chain design problem in Section 11.3. a. Modify the formulation shown in Section 11.3 to account for the policy restriction that a plant must be located either...
Google (NASDAQ: GOOG) is one of the best-known and most admired companies around the world, so much so that "googling" is the term many use to refer to searching information on the Web. What started...
Steel Enterprises entered into the following stock transactions: Apr. 5 Issued 31,200 shares of $3 par value common stock for $187,200. May 31 Purchased 1,080 shares of treasury stock for $51,000....
Use the model of perfect competition described in this chapter to explain, illustrate, or elaborate on the following statements. a. "Increasing competition from new firms entering the market is good...
Prepare an Income statement for Rex Manufacturing for the year ended December 31 using the following Information. Hint Not all Information given is needed for the solution. Finished goods inventory,...
The wind blows a boy on a raft East for 2 0 km , then blows 1 1 degrees South of East for 1 5 km . The boy falls asleep and the wind blows the raft 6 0 degrees North of West for 1 4 km , at which...
In how many years will $22,000 have an accumulated value of $24,675.09 if interest is 3.7% compounded semiannually? Round the number of Years to two decimal places if necessary. P/Y= C/Y= I/Y- PV S...
-> Perform the elementary row operation -3R +R R on the given matrix. [2 4 1 2 5 1 3 6 35-4 Resulting matrix: G
One year ago, you acquired a stock at $40.00 per share. Over the course of the year, you received three dividends, each amounting to $1.00 per share. Presently, the stock is valued at $47.00 per...
Distinguishing between direct cost, controllable cost and avoidable cost is difficult, since they all really mean the same except they are used in different contexts. Discuss.
During 2012, Cheng Book Store paid $483,000 for land and built a store in Georgetown. Prior to construction, the city of Georgetown charged Cheng $1,300 for a building permit, which Cheng paid. Cheng...
Provide names for these compounds: b) a) , CO.H c) CH,0 d) NH2
Explain which compound has the higher melting point or boiling point: a) Melting point b) Boiling point or C COCH c) Boiling point or
What is the functional group present in these compounds? SCH3 SH C CH, - Ph b) ) H3 f) CH,CH,SOH d) CH,CH,SPh e) CH,SCH3
Annuity Payments Go to www.fcfcorp.com/onlinecalc.htm. Use the calculator to solve this problem. If you have $1,500,000 when you retire and want to withdraw an equal amount for the next 30 years, how...
Calculating Future Values Go to www.dinkytown.net and follow the Savings Calculator link. If you currently have $10,000 and invest this money at 9 percent, how much will you have in 30 years? Assume...
In 2023, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full-time students and are both 23 years old. Their only sources of income are gains from stock they held for three...

Recently, a random sample of 13-18 year olds was asked, 'How much do you currently have in

Question:

Step by Step Answer:

CI Mid Value x Frequency f fx fx 2 0199 100 399 399...View the full answer

Statistics Informed Decisions Using Data

Students also viewed these Cost Accounting questions