EXC 1:
a. What was the sample size for this poll?
-> 762.
b. Are the data categorical or quantitative?
-> Categorical.
EXC 2:
a. What is the variable of interest?
-> Google revenue in billions of dollars.
b. Are the data categorical or quantitative?
-> Quantitative
c. Are the data time series or cross-sectional?
-> Time series
d. Comment on the trend in Google revenue over time.
-> The revenue of Google underwent a gradual increase overtime.
EXC 3:
a. The average midterm grade for the sample of five students is 77.
-> Correct (72 + 65 + 82 + 90+76)/5 = 77)
b. The average midterm grade for all students who took the exam is 77.
-> Challenged. 77 is just the average grade of the sample of 5 students, not of the whole of
them.
c. An estimate of the average midterm grade for all students who took the exam is 77.
-> Challenged. 77 is just the average grade of the sample of 5 students -> small quantity
d. More than half of the students who take this exam will score between 70 and 85.
-> Challenged. 77 is just the average grade of the sample of 5 students, so it is just correct in
the situation of this sample -> small quantity, lack evidence.
e. If five other students are included in the sample, their grades will be between 65 and 90
-> Challenged. The larger population is not supported by the data -> cannot expect
EXC 4:
Descriptive Statistics Summary
1. Car Price
● N (Sample Size): 6400 observations
● Range: 95.7 (indicating a wide price range)
● Minimum: 4.2 (likely representing a very inexpensive vehicle)
● Maximum: 99.9 (representing a high-end vehicle)
● Mean (Average): 30.13, the average price is around $30,130.
● Standard Deviation: 21.93, high differences in car prices => high differences in the
types of cars people own.
=> Explanation: The large range and high standard deviation imply that the dataset includes
many types of car. Most consumers prefer vehicles in the mid-range as the mean only about
30,130 and is closer to the minimum.
2. Years with Current Employer
● N: 6400
● Range: 56 years -> a significant span in employee tenure
● Minimum: 0 years -> some people are new to their current jobs.
● Maximum: 56 years -> significant longevity at the current job.
● Mean: 11.56 years
● Standard Deviation: 9.94, -> high variance in years worked
=> Explanation: The high range and standard deviation indicate diversity in job tenure. The
average tenure of around 11.5 years suggests moderate job stability, but the high variation
means there’s a mix of both long-standing and relatively new employees.
3. Job Satisfaction
● N: 6400
● Range: 4 -> different levels of satisfaction, not balance
● Minimum: 1, -> some employees are very dissatisfied
● Maximum: 5, -> some employees are very satisfied
● Mean: 3.06, -> little bit above the midpoint -> moderate job satisfaction
● Standard Deviation: 1.37, -> some variation in satisfaction levels, but not really
extreme.
=> Explanation: With a mean of 3.06, job satisfaction is around the midpoint, showing that
employees have a moderate level of satisfaction, but it still needs improvement. The
standard deviation of 1.37 shows that while the majority of employees are around moderate
satisfaction there are notable differences that could be addressed.