Quote:
Originally Posted by Jamie Platinum
Is there anyone that is capable and willing to help me with some basic Statistics problems?
I figured poker players are competent in this subject and I will pay you for your help.
PM if you can help. Thanks!
The problems regard introductory standard deviation concepts, variance, etc.
Quote:
Originally Posted by Artagas
why dont you just go ahead and post your questions? Then people will be able to decide if they can help.
Makes sense! Again, these are all really elementary but if you can help me with the concepts along with the answers I'd really appreciate it.
- In 1996, the average donation to the Help Way was $225 with a standard deviation of $45. In 1997, the average donation was $400 with a standard deviation of $60. The donations in which year show a more dispersed distribution?
- 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 standard deviation. The data totals 380 and the mean is 25, the formula I have is (x-mean)*2 / n-1 to get the sample variance but I don't think I'm in the ball park.
Lastly,
A sample of charge accounts at a local drug store revealed the following frequency distribution of unpaid balances.
Unpaid balances Frequency
10-29 5
30-49 10
50-69 6
70-89 9
90-109 20
The class marks are 19.5, 39.5, 59.5, 79.5 and 99.5 which then mulitiply by the frequencies and suming equals 3555/45 equals 79. Again the formula for calculating the sample variances confuses me with the sum(x-M)*2/n-1 formula.
PLEASE HELP!!! I'd really appreciate it!