Math Problem Statement

The frequency distribution was obtained using a class width of 0.5 for data on cigarette tax rates. Use the frequency distribution to approximate the population mean and population standard deviation. Compare these results to the actual mean muequals​1.608 and standard deviation sigmaequals​1.065.

Tax Rate Lower Limit Upper Limit Frequency 0.00-0.49 0.00 0.49 6 0.50-0.99 0.50 0.99 13 1.00-1.49 1.00 1.49 6 1.50-1.99 1.50 1.99 6 2.00-2.49 2.00 2.49 5 2.50-2.99 2.50 2.99 5 3.00-3.49 3.00 3.49 3 3.50-3.99 3.50 3.99 3 4.00-4.49 4.00 4.49 1

Whats the population mean

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Frequency Distribution
Population Mean
Standard Deviation
Midpoint Method

Formulas

Midpoint = (Lower Limit + Upper Limit) / 2
Population Mean (x̄) = Σ(x_i * f_i) / Σf_i
Population Standard Deviation = sqrt[Σ((x_i - x̄)^2 * f_i) / Σf_i]

Theorems

Summation Theorem in Statistics
Standard Deviation Formula for Grouped Data

Suitable Grade Level

Grades 10-12