Tutorial 2

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TUTORIAL 2 (Week starting 8 October 2012) Requests : Problem 1. (Exercise 3.54, p. 97 of textbook) The data presented below represents fulltime average annual gross wages and salaries in the entire economy of selected Organisation for Economic Cooperation and Development (OECD) member countries. Country Average full time wages United States 51493 Luxembourg 50610 Switzerland 47810 Australia 45385 Netherlands 45161 Ireland 45160 United Kingdom 43607 Norway 43250 Denmark 42173 Belgium 41923 Austria 41421 Germany 37544 France 37269 Sweden 35582 Finland 34903 Spain 32957 Japan 32816 South Korea 32638 Italy 32121 Greece 27460 Portugal 22666 Czech Republic 19618 Hungary 18220 Poland 17812 a. Construct a boxandwhisker plot for these data. b. Discuss the shape of the distribution from the plot. c. Are there outliers? What are they and why do you think they are outliers? Problem 2. (Exercise 4.44, p. 142 of textbook) A survey by Tripadvisor studied the types of activities British people favour while on holidays in a recent year. Among other things, 64% of British people reported preferring a beach holiday and 62% reported getting in touch with work. Respondents to the study were allowed to select more than one activity. Suppose that of those who took a beach holiday, 78% checked in with work. One of these survey respondents is selected randomly. (p.t.o)

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Tutorial 2

Transcript of Tutorial 2

TUTORIAL 2  (Week starting 8 October 2012) 

 Requests: 

Problem 1. (Exercise 3.54, p. 97 of textbook) The data presented below  represents  full‐time average annual gross wages and  salaries  in  the entire economy  of  selected  Organisation  for  Economic  Co‐operation  and  Development  (OECD)  member countries.  

Country Average full time wages

 United States 51493

 Luxembourg  50610

 Switzerland  47810

 Australia  45385

 Netherlands  45161

 Ireland  45160

 United Kingdom 43607

 Norway  43250

 Denmark  42173

 Belgium  41923

 Austria  41421

 Germany  37544

 France  37269

 Sweden  35582

 Finland  34903

 Spain  32957

 Japan  32816

 South Korea  32638

 Italy  32121

 Greece  27460

 Portugal  22666

 Czech Republic 19618

 Hungary  18220

 Poland  17812

 a.  Construct a box‐and‐whisker plot for these data. b.  Discuss the shape of the distribution from the plot. c.  Are there outliers? What are they and why do you think they are outliers? 

   Problem 2. (Exercise 4.44, p. 142 of textbook) A survey by Tripadvisor studied the types of activities British people favour while on holidays  in a recent year. Among other things, 64% of British people reported preferring a beach holiday and 62% reported getting  in touch with work. Respondents to the study were allowed to select more than one activity. Suppose 

that of those who took a beach holiday, 78% checked in with work. One of these survey respondents is selected randomly.  

(p.t.o) 

a. What is the probability that while on holiday this respondent checked in with work and took a beach holiday?  b. What  is  the  probability  that while  on  holiday  this  respondent  neither  took  a  beach  holiday  nor checked in with work?  c. What  is  the probability  that while on holiday  this  respondent took a beach holiday given  that  the respondent checked in with work?  d. What is the probability that while on holiday this respondent did not check in with work given that the respondent took a beach holiday?  e. What is the probability that while on holiday this respondent did not check in with work given that the respondent did not take a beach holiday ?  f. Construct a probability matrix for this problem. 

 

  Problem 3 (Exercise 4.34, p. 137) – (Time Permitting, otherwise consider it as homework)  Suppose 70% of all companies are classified as small companies and the rest as large companies. Suppose further, 82%  of  large  companies  provide  training  to  employees,  but  only  18%  of  small  companies  provide  training.  A company is randomly selected without knowing if it is a large or small company; however, it is determined that the company provides training to employees. What are the prior probabilities that the company is a large company or a small company? What are the revised probabilities that the company  is  large or small? Based on your analysis, what is the overall percentage of companies that offer training?