(Answered) The australian bureau of statistics recently released

Statistics

The Australian Bureau of Statistics recently released figures on petrol usage. Following are the 15 leading cities in 2012.

City                    Value ($ billions)
Bourke                      7.84
Mt Isa    6.48
Weipa                       4.20
Newcastle                 4.17
Wollongong                4.00
Kalgoorlie                   3.30
Darwin                       3.21
Tennant Creek            2.74
Broken Hill                  2.08
Perth    2.05
Alice Springs               2.05
Adelaide                     1.89
Canberra                    1.85
Dubbo                        1.81
Albury                        1.68

(a) Using the Data Analysis Tool in Excel, calculate the descriptive statistics.

(b) Briefly explain what each of the metrics in the summary statistics means.

(c) Comment on the figures in the report. What are they telling you about this data set? Is it symmetrical, flat, skewed, does it have outliers, and so on?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9960405
Price:- $30

Verified Expert

Priced at $60 Now at $30, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Find the probability and explain the results pleasethe

Find the probability and explain the results please. The population mean annual salary for environmental compliance specialists is about ?$60,500. A random sample of 33 specialists is drawn from this population. What is ...

On august 19 2004 the internet search firm google went

On August 19, 2004, the Internet search firm Google went public, at an offer price of $85 per share. The IPO was unconventional in that Google used an auction to determine its offer price and sell shares to investors. In ...

The times that customers spend in a book store are normally

The times that customers spend in a book store are normally distributed with a mean of 39.5 minutes and a standard deviation of 15.9 minutes. A random sample of 25 customers has a mean of 36.1 minutes or less. Would this ...

An all-equiry business has 175m shares outstanding selling

An all-equiry business has 175M shares outstanding selling for $20/share. Management believes interest rates are unreasonably low and decides to execute a leveraged recapitalization. It will raise $1B in debt and repurch ...

When alice spends the day with the babysitter there is a 05

When Alice spends the day with the babysitter, there is a 0.5 chance she turns on the TV and watches a show. Her little sister Betty cannot turn on the TV by herself. But once the TV is on, Betty watches with probability ...

Using chebysheffs theorm you have concluded that at least

Using Chebysheff's theorm, you have concluded that at least 77.66% of the 3,075 runners took between 60.5 and 87.5 minutes to complete the 10km race. What was the standard deviation of these 3,075 runners?

Jamie dimon changed the business model for jpmorgan chase

Jamie Dimon changed the business model for JPMorgan Chase in 2008. In the process, the bank gave enormous trading authority to one individual. What are the ERM strengths and weaknesses of this strategy?

You want to retire in 35 years to fund the retirement you

You want to retire in 35 years. To fund the retirement, you deposit $25,000 into an account now, and you deposit $20,000 five years from now. You also plan to save an equal amount each year between now and 35 years from ...

A recent study reported that the prevalence of

A recent study reported that the prevalence of hyperlipidemia is 30% in children 2 to 6 years of age. If 12 children are analyzed what is the probability that at least 3 are hyperlipidemic?

In a recent year 8032844 male students and 9381579 female

In a recent year, 8,032,844 male students and 9,381,579 female students were enrolled as undergraduates. Receiving aid were 64.1% of the male students and 65.7% of the female students. Of those receiving aid, 41% of the ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert