Question 1: (10 Points) Find the mean, median and mode of the

| June 11, 2016

Question
Question 1: (10 Points)

Find the mean, median and mode of the following:

Question 2: (20 Points)

Set up a frequency distribution table and calculate the relative frequency for the following quiz scores that Matt achieved in his Algebra course:

Matt’s Quiz Scores: 85, 88, 92, 79, 100, 78, 61, 60, 79, 99, 100, 69, 98, 85, 92, 79, 81, 85, 100, and 100.

Use the following frequency intervals:

60 – 70

70 – 80

80 – 90

90 – 100

Calculate the variance and standard deviation for Matt’s quiz scores.
Suggestion: set the problem up in steps within a table like the textbook illustrates.

Question 3: (10 Points)

Patrick’s Average Sales:

Monday $4,099

Tuesday $6,900

Wednesday $0

Thursday $10,000

Friday $9,007

Saturday $9,766

Sunday $0

Is it better for Patrick to earn 7.5% based on his average daily sales or a flat $4,000 for the week?

MM255 Business Math and Statistical Measures
Unit 7: Instructor Graded Assignment
Business Statistics
Unit 7 focuses on descriptive business statistics, which is covered in your reading of Chapter 7:
Business Statistics.
You must show your work at all times. The steps for solving each problem must be explained.
Failure to do so could result in your submission being given a 0 grade. If you have any
questions about how much work to show, please contact your instructor.
Assignments must be submitted as a Microsoft® Word® document and uploaded to the
Dropbox for Unit 7. Type all answers directly in this Assignment below each question.
All Assignments are due by Tuesday at 11:59 p.m. ET of the assigned unit.
Available Resources
One of the benefits of attending here at Kaplan is that we have a tremendous amount of
resources available for you. If you find yourself having difficulties completing this exercise
consider taking advantage on one or more of the following resources:

1. Textbook: The textbook reading assigned for each unit includes the topics and calculation
details for each type of problems you will complete.

2. LiveBinders: In the LiveBinder for the unit, you will find more information on unit topics,
example problems, and video content on the units topics. To access the LiveBinder for a unit,
use the menu on the left side of the classroom, select the unit you are in, and when you click the
unit link several additional links will appear below the unit heading, one of those links will be
Live Binders.

3.
a.
b.
c.
d.

KU Math Center: Take advantage of the KU Math Centers many services:
Math Tutoring
Question & Answer Services
Request a Video Example Services
Project Review Services (be sure to submit Assignments early enough to receive feedback and
make corrections before the Assignment due date (24 hour turn-around times Monday-Thursday
and 48 hour turn-around times on weekends are typical).
e. Math Center Reference Library
To access the KU Math Center start at the KU Campus Home Page. From the KU
Campus Home Page, select My Studies (top menu bar), then select Academic Support
Center, and review the Math Center offerings.

MM255 Business Math and Statistical Measures
4. Email Your Instructor: Your instructor is only an email away; when you cannot make any more
progress on a problem, reach out. Send your instructor the work you started and steps of the
problem you have completed so far, and ask for help. Your instructor will respond within 24
hours.
Business Statistics Assignment (Total 40 Points)
Question 1: (10 Points)
Find the mean, median and mode of the following:
Presto Printing Company sales for the month of February.
(NOTE: The company is closed on Sundays.)
February 2: $4,694
February 3: $5,954
February 4: $3,309
February 5: $3,106
February 6: $7,124
February 7: $2,149
February 9: $3,123
February 10: $4,128

February 11: $3,198
February 12: $2,198
February 13: $7,287
February 14: $1,123
February 16: $4,598
February 17: $3,987
February 18: $3,099
February 19: $3,098

February 20: $5,980
February 21: $3,209
February 23: $6,531
February 24: $3,098
February 25: $4,598
February 26: $4,873
February 27: $9,876
February 28: $5,878

Question 2: (20 Points)

a) Set up a frequency distribution table and calculate the relative frequency for the following quiz
scores that Matt achieved in his Algebra course:
Matts Quiz Scores: 85, 88, 92, 79, 100, 78, 61, 60, 79, 99, 100, 69, 98, 85, 92, 79, 81,
85, 100, and 100.
Use the following frequency intervals:
60 70
70 80
80 – 90
90 100

b) Calculate the variance and standard deviation for Matts quiz scores.
Suggestion: set the problem up in steps within a table like the textbook illustrates.

Question 3: (10 Points)

MM255 Business Math and Statistical Measures
Patricks Average Sales:
Monday $4,099
Tuesday $6,900
Wednesday $0
Thursday $10,000
Friday $9,007
Saturday $9,766
Sunday $0
Is it better for Patrick to earn 7.5% based on his average daily sales or a flat $4,000 for the
week?

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