Question: The Center for International Trade Development (CITD), provides a listing of the top 30 U.S. export markets for sparkling wines. Data on the amount exported
The Center for International Trade Development (CITD), provides a listing of the top 30 U.S. export markets for sparkling wines. Data on the amount exported (thousands of dollars) and 3-year percentage change for the 30 countries in a recent year are saved in the WINEX file. (Data for 5 countries are listed in the table.) Descriptive statistics for these variables are shown in the Minitab printout (next column).
5 of the Top 30 U.S. Sparkling Wine Export Markets
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a. Locate the mean amount exported on the printout and practically interpret its value.
b. Locate the median amount exported on the printout and practically interpret its value.
c. Locate the mean 3-year percentage change on the printout and practically interpret its value.
d. Locate the median 3-year percentage change on the printout and practically interpret its value.

e. Use the information on the printout to find the range of the amount exported.
f. Locate the standard deviation of the amount exported on the printout.
g. Use the result, part f, to find the variance of the amount exported.
h. If one of the top 30 countries is selected at random, give an interval that is likely to include the export amount for this country.
3-Year Change (%) 71.9 -16.9 143.2 280.7 465.8 Export ($ Thousands) 4952 3714 Country Canada Japan Mexico Cayman Islands United Kingdom 2104 1576 1041 Descriptive Statistics: EXPORT, CHANGE Variable # Mean St Dev Minimum EXPORT CHANGE Q1 Median Q3 Maximam ICR 4952 418 5750 478 30 0 70 105 -49 21 231 523 156 199 653 1113 28 2 481 1099
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a The mean amount exported on the printout is 653 This means that the average amount of money per ma... View full answer
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