Economics Assignment Question

Question 1.

Monthly Bill

Mean

$65.95

Standard Error

$3.45

Median

$61.00

Mode

$55.00

Standard Deviation

$42.24

Sample Variance

$1,784.25

Range

$337.00

Minimum

$13.00

Maximum

$350.00

Lower Quartile

$40.00

Upper Quartile

$85.00

Interquartile range

$45.00

Coefficient of Variation

64.05%

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Question 2

PrePaid Plan

Post Paid Plan

Mean

$69.75

Mean

$63.05

Standard Error

$7.02

Standard Error

$2.88

Median

$62.00

Median

$60.00

Mode

$50.00

Mode

$55.00

Standard Deviation

$56.60

Standard Deviation

$26.53

Sample Variance

$3,204.00

Sample Variance

$704.05

Range

$337.00

Range

$136.00

Minimum

$13.00

Minimum

$14.00

Maximum

$350.00

Maximum

$150.00

Lower Quartile

$33.50

Lower Quartile

$50.50

Upper Quartile

$91.00

Upper Quartile

$83.00

Interquartile range

$57.50

Interquartile range

$32.50

Coefficient of Variation

81.15%

Coefficient of Variation

42.09%

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Question 3.

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Question 4a)

Satisfaction With Provider

Frequency

Relative Frequency

Very Satisfied

63

42%

Moderately Satisfied

49

33%

Little Dissatisfied

27

18%

Very Dissatisfied

11

7%

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Question 4b)

Frequency

Satisfaction With Provider

Male

Female

Total

Very Satisfied

45

18

63

Moderately Satisfied

36

13

49

Little Dissatisfied

22

5

27

Very Dissatisfied

8

3

11

Total

111

39

150

Horizontal Percentage

Satisfaction With Provider

Male

Female

Total

Very Satisfied

71%

29%

100%

Moderately Satisfied

73%

27%

100%

Little Dissatisfied

81%

19%

100%

Very Dissatisfied

73%

27%

100%

Total

74%

26%

100%

Vertical Percentage

Satisfaction With Provider

Male

Female

Total

Very Satisfied

41%

46%

42%

Moderately Satisfied

32%

33%

33%

Little Dissatisfied

20%

13%

18%

Very Dissatisfied

7%

8%

7%

Total

100%

100%

100%

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Question 5)

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