Math Problem Statement
The distribution of the tuitions, fees, and room and board charges of a random sample of public 4-year degree-granting postsecondary institutions is shown in the pie chart. Make a frequency distribution for the data. Then use the table to estimate the sample mean and the sample standard deviation of the data set. Use
$26249.50 as the midpoint for
$25,000
or more."
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Frequency Distribution
Mean
Standard Deviation
Formulas
Sample Mean formula: \( \bar{x} = \frac{\sum (f \times x)}{\sum f} \)
Sample Standard Deviation formula: \( s = \sqrt{\frac{\sum (f \times (x - \bar{x})^2)}{n - 1}} \)
Theorems
Central Limit Theorem (implied in sample mean and standard deviation calculations)
Suitable Grade Level
College Statistics
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