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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. Savings (in dollars) 0 - 199 200 - 399 400 - 599 600 - 799 800 - 999 1000 1199 1200 1399 (a) Approximate the sample mean amount of savings. Frequency 337 85 64 17 11 5 2 (b) Approximate the sample standard deviation of savings. 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. Savings (in dollars) 0 - 199 200 - 399 400 - 599 600 - 799 800 - 999 1000 1199 1200 1399 (a) Approximate the sample mean amount of savings. Frequency 337 85 64 17 11 5 2 (b) Approximate the sample standard deviation of savings.
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Answer i Mean 22848 ii Standard deviation 22113 Step 1 I First we estimate the mean which is the sum... View the full answer
Related Book For
Statistics Informed Decisions Using Data
ISBN: 9780134133539
5th Edition
Authors: Michael Sullivan III
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