Department of Decision Science

Quantitative Techniques in Management

Module 1: Numerical for Practice

Problem 1. Thirty students in the School of Business were asked what their majors were. The following represents their responses (M = Management; A = Accounting; E = Economics; O = Others). A E M a. b. M E A M M O A A A M O M M E E E M E M A M O M A A A M

Construct a frequency distribution and a bar graph. Construct a relative frequency distribution and a pie chart.

2. Below you are given the examination scores of 20 students. 52 63 92 90 a. b. c. d. 99 72 58 75 92 76 65 74 86 95 79 56 84 88 80 99

Construct a frequency distribution for this data. Let the first class be 50 - 59 and draw a histogram. Construct a cumulative frequency distribution. Construct a relative frequency distribution. Construct a cumulative relative frequency distribution.

3. A sample of the ages of 10 employees of a company is shown below. 20 30 Construct a dot plot for the above data. 4. The test scores of 14 individuals on their first statistics examination are shown below. 95 75 87 63 52 92 43 81 77 83 84 91 78 88 30 20 40 30 30 20 50 40

Construct a stem-and-leaf display for these data. 5. The hourly wages of a sample of eight individuals is given below.

Individual A B C D E F G H

Hourly Wage (dollars) 27 25 20 10 12 14 17 19

For the above sample, determine the following measures: a. The mean. b. The standard deviation. c. The 25th percentile. 6. A private research organization studying families in various countries reported the following data for the amount of time 4-year-old children spent alone with their fathers each day. Time with Dad (minutes) 30 44 54 50 36 42 46 42

Country Belgium Canada China Finland Germany Nigeria Sweden United States

For the above sample, determine the following measures: a. The mean b. The standard deviation c. The mode d. The 75th percentile 7. The following data show the yearly salaries of football coaches at some state supported universities. Salary (in $1,000) 53 44 68 47 62 59 53 94

University A B C D E F G H

For the above sample, determine the following measures.

a. b. c. d. e.

The mean yearly salary The standard deviation The mode The median The 70th percentile

8. The following is a frequency distribution for the ages of a sample of employees at a local company. Age 30 - 39 40 - 49 50 - 59 60 - 69 70 - 79 a. b. c. d. Frequency 2 3 7 5 1

Determine the average age for the sample. Compute the variance. Compute the standard deviation. Compute the coefficient of variation.

9. A local university administers a comprehensive examination to the recipients of a B.S. degree in Business Administration. A sample of examinations are selected at random and scored. The results are shown below. Grade 93 65 80 97 85 87 97 60 For the above data, determine a. The mean b. The median c. The mode d. The standard deviation e. The coefficient of variation 10. The number of hours worked per week for a sample of ten students is shown below. Student 1 2 3 4 5 6 7 8 Hours 20 0 18 16 22 40 8 6

9 10 a. b. c.

30 40

Determine the median and explain its meaning. Compute the 70th percentile and explain its meaning. What is the mode of the above data? What does it signify?

11. A researcher has obtained the number of hours worked per week during the summer for a sample of fifteen students. 40 25 35 30 20 40 30 20 40 10 30 20 10 5 20

Using this data set, compute the a. median b. mean c. mode d. 40th percentile e. range f. sample variance g. standard deviation 12. The following is a frequency distribution of grades of a sample of statistics examinations. Grade 50 - 59 60 - 69 70 - 79 80 - 89 90 - 99 Frequency 7 10 22 15 6

Compute the following measures: a. The mean b. The variance c. The standard deviation d. The coefficient of variation 13. For the following frequency distribution, Class 45 - 47 48 - 50 51 - 53 54 - 56 57 - 59 a. b. Frequency 3 6 8 2 1

Compute the mean. Compute the standard deviation. (Assume the data represent a population.)

14. The amount of time that a sample of students spends watching television per day is given below. Time (In Minutes)

Student

1 2 3 4 5 6 7 8 a. b. c. d.

40 28 71 48 49 35 40 57

Compute the mean. Compute the median. Compute the standard deviation. Compute the 75th percentile.

15. Compute the weighted mean for the following data. xi 9 8 5 3 2 Weight (wi) 10 12 4 5 3

16. Jason, a freshman at a local college, just completed 15 credit hours. His grade report is presented below. Credit Hours 5 4 3 2 1

Course Calculus Biology English Music P.E.

Grades C A D B A

The local university uses a 4 point grading system, i.e., A = 4, B = 3, C = 2, D = 1, F = 0. Compute Jason's semester grade point average.