Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the advertising expenditures for 60 manufacturing companies located in the Southwest. Estimate the mean and the standard deviation of advertising expenses. (Round squared deviations to nearest whole number and final answers to 2 decimal places.) Advertising Expenditure ($ millions) Number of Companies 25 up to 35 5 35 up to 45 10 45 up to 55 21 55 up to 65 16 65 up to 75 8 Total 60
Mean
Standard deviation

Answers

Answer 1

The estimated mean of advertising expenses is $52 million, and the estimated standard deviation is $11.23 million.

To estimate the mean and standard deviation of advertising expenses, we need to calculate the midpoint of each class interval, the product of the midpoint and the frequency, and the squared deviation from the mean.

Here's a table to organize the calculations:

Class Interval (x)     Frequency (f)     Midpoint (x)       fx

25 up to 35                   5                       30                 150

35 up to 45                   10                      40                 400

45 up to 55                   21                      50                1,050

55 up to 65                   16                      60                 960

65 up to 75                   8                        70                  560

To calculate the mean, we need to find the sum of the products of the midpoint and the frequency, divided by the total frequency.

Mean = (fx) / Total Frequency

Mean = (150 + 400 + 1,050 + 960 + 560) / 60

Mean = 3,120 / 60

Mean = 52

Calculate the squared deviation from the mean for each class interval.

(x - mean)² × f

(30 - 52)² × 5 = 484 × 5 = 2,420

(40 - 52)² × 10 = 144 × 10 = 1,440

(50 - 52)² × 21 = 4 × 21 = 84

(60 - 52)² ×  16 = 64 × 16 = 1,024

(70 - 52)² ×  8 = 324 × 8 = 2,592

Calculate the sum of the squared deviations.

Sum of (x - mean)× f = 2,420 + 1,440 + 84 + 1,024 + 2,592

= 7,560

Standard Deviation =√(Sum of (x - mean)² × f / Total Frequency)

Standard Deviation = √(7,560 / 60)

Standard Deviation = √(126)

Standard Deviation = 11.23

Hence, the estimated mean of advertising expenses is approximately $52 million, and the estimated standard deviation is approximately $11.23 million.

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Complete question

Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the advertising expenditures for 60 manufacturing companies located in the Southwest. Estimate the mean and the standard deviation of advertising expenses. (Round squared deviations to nearest whole number and final answers to 2 decimal places.)

Advertising Expenditure ($ millions)        Number of Companies

25 up to 35                                                                      5

35 up to 45                                                                    10

45 up to 55                                                                    21

55 up to 65                                                                   16

65 up to 75                                                                   8

Total                                                                               60


Related Questions

subtract (-4305) from |(-2508)+(-3502)|​

Answers

answer:

10315

I used a calculator

step by step

(- 4305) - |(-2508) + (- 3502)|

Rewrite

Remove the parentheses

4305 - |

Calculate

4305 - |

- 2508 - 3502

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Calculate the absolute value

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Calculate

Solution

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Answers

Given:

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To find:

The missing side by using the trigonometric ratios.

Solution:

In a right angle triangle,

[tex]\cos \theta=\dfrac{Adjacent}{Hypotenuse}[/tex]

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answers

Answer:

5 feet = 60 inches

Step-by-step explanation:

Every foot is 12 inches, so.. this problem can be turned into simple multiplication..

12 x 5= 60

So, Jim is 60 inches tall.

Hope this helps! :)

Have a nice day!♥

Help me please & Thx
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If you help me i can help you :>
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Answers

Answer: 16 times 20 is 320

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Answer is letter: C


The prism shown has a volume of 35 cm^3
Work out h, the height of the triangular cross section.
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Base=4 cm

Answers

Answer:

[tex]Height = 2.5[/tex]

Step-by-step explanation:

Given

[tex]Volume = 35[/tex]

[tex]Length =7[/tex]

[tex]Base=4 cm[/tex]

Required

Determine the height

The volume is calculated as:

[tex]Volume = Height * Base\ Area[/tex]

Since, it has a triangular cross-section, the expression becomes:

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The value of a certain car after t years is modeled by the expression 15.00000.78. What are the initial cont, I, and the rate of depreciation, r, of this car
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Answers

Answer:

15,000,r=30%

Step-by-step explanation:

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Answers

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There alike terms

Answer:

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Step-by-step explanation:

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Hope this helps you

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Answers

Answer:

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Step-by-step explanation:

The formula for any geometric sequence is:

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Where aₙ is the value of the nth term, a₁ is the value of the first term, r represents the common ratio, and n represents the term number.

We want the formula for the geometric sequence:

-3, -6, -12, -24, ...

Note that our first term is -3. Hence, a₁ = -3.

Next, each subsequent term is twice the previous term. Hence, our common ratio r = 2.

Therefore, by substitution, we acquire:

[tex]a_n=-3\cdot (2)^{n-1}[/tex]

Our answer is C.

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Enter your answer as a decimal in the box

Answers

Answer:

8.2m

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

Answer:

X= 6.2 + 68 ???

Step-by-step explanation:

I'm not sure that's what I would write in an exam

ABC Bank requires a 20% down payment on all of its home loans. If a house
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I think it is A hope it correct
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False

Answers

Answer:
True


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Each of the outputs got their own input but the inputs share a output

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................

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Answer:

157.92 + d =t

Step-by-step explanation:

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= -4x + 5 + ( -13x + 39 ) = 180 ( co - interior angle )= -4x + 5 - 13x + 39 = 180 = -4x - 13x + 5 + 39 = 180= -17x + 44 = 180= -17x = 180 - 44= -17x = 136= x = 136 / 17= x = 8Therefore angles are :--27 , -65

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Answers

Answer:

200

Step-by-step explanation:

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Answers

Answer:

2. c. 1/2

3. d. 13/16

5. d. 5/12

1. b. simplified

4. b. Nicholas did not divide the numerator and..............

Answer:

i know it’s been months since you posted this question but...

Step-by-step explanation:

2. c) 1/2, 9/18 / 9 = 1/2

3. d) 13/16, 26/32 / 2 = 13/16

5. d) 5/12, 10/24 / 2 = 5/12

1. b) simplified, you can’t simplify 8/9, it’s already smaller.

4. b) Nicholas did not divide the numerator and denominator by the same number, the GCF [greatest common factor]. 4/5 is not equivalent to 20/30. He should have divided by 10. 20/30 = 2/3.

why does that say 20/24 tho?- i think it meant 20/30.

i hope this helped! also, a definition of gcf:

GCF - A set of numbers' greatest common factor (GCF) is the largest factor that all of the numbers share. Twelve, twenty, and twenty-four, for example, all have two common factors: two and four. The GCF of 12, 20, and 24 is 4 since the highest is 4. The GCF method is often used to identify common denominators.

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Answers

Answer:

one is 2 inches bigger that the other.

Step-by-step explanation:

becuase if one of the pizza is 20in ans the other is 22 the 20 on is only 2in away frof the XXL pizza .

a spinner with four equal-size sections marked M, A, T, and H is spun 100 times. The results are shown below.

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Compare the theoretical probability to the experimental probability of landing on H.

Answers

Answer:

there's four of them so it's a movie 25 / 100 would be the probability of landing on them

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What is probability?

The probability is given as,

P = (Favorable event) / (Total event)

A spinner with four equal-size sections marked M, A, T, and H is spun 100 times. The results are shown below.

Section       Frequency

   M                    28

   A                     21

   T                     26

   H                    25

The theoretical probability of landing on T will be given as,

P(T) = 1/4

P(T) = 25/100

The experimental probability of landing on a consonant is given as,

P(Consonant) = 79 / 100

The experimental probability of landing on a consonant is more than the theoretical probability of landing on T.

More about the probability link is given below.

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Step-by-step explanation:

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