Mean Range Stddev
1. **Problem 1: Calculate the mean, range, and standard deviation for ABC University data**
Given data: $120, 110, 100, 200, 10, 90, 100, 100$
2. **Mean formula:**
$$\text{Mean} = \frac{\sum x_i}{n}$$
where $x_i$ are the data points and $n$ is the number of data points.
3. Calculate the mean:
$$\sum x_i = 120 + 110 + 100 + 200 + 10 + 90 + 100 + 100 = 830$$
Number of data points $n = 8$
$$\text{Mean} = \frac{830}{8} = 103.75$$
4. **Range formula:**
$$\text{Range} = \text{Maximum value} - \text{Minimum value}$$
Maximum value = 200, Minimum value = 10
$$\text{Range} = 200 - 10 = 190$$
5. **Standard deviation formula (sample):**
$$s = \sqrt{\frac{1}{n-1} \sum_{i=1}^n (x_i - \bar{x})^2}$$
where $\bar{x}$ is the mean.
6. Calculate each squared deviation:
$$(120 - 103.75)^2 = 264.06$$
$$(110 - 103.75)^2 = 39.06$$
$$(100 - 103.75)^2 = 14.06$$
$$(200 - 103.75)^2 = 9289.06$$
$$(10 - 103.75)^2 = 8780.06$$
$$(90 - 103.75)^2 = 189.06$$
$$(100 - 103.75)^2 = 14.06$$
$$(100 - 103.75)^2 = 14.06$$
Sum of squared deviations:
$$264.06 + 39.06 + 14.06 + 9289.06 + 8780.06 + 189.06 + 14.06 + 14.06 = 18503.5$$
7. Calculate standard deviation:
$$s = \sqrt{\frac{18503.5}{7}} = \sqrt{2643.36} \approx 51.41$$
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8. **Problem 2: Calculate the mean, range, and standard deviation for XYZ University data**
Given data: $200, 180, 30, 20, 10, 160, 150, 80$
9. Calculate the mean:
$$\sum x_i = 200 + 180 + 30 + 20 + 10 + 160 + 150 + 80 = 830$$
Number of data points $n = 8$
$$\text{Mean} = \frac{830}{8} = 103.75$$
10. Calculate the range:
Maximum value = 200, Minimum value = 10
$$\text{Range} = 200 - 10 = 190$$
11. Calculate squared deviations:
$$(200 - 103.75)^2 = 9289.06$$
$$(180 - 103.75)^2 = 5790.06$$
$$(30 - 103.75)^2 = 5406.06$$
$$(20 - 103.75)^2 = 7006.06$$
$$(10 - 103.75)^2 = 8780.06$$
$$(160 - 103.75)^2 = 3164.06$$
$$(150 - 103.75)^2 = 2139.06$$
$$(80 - 103.75)^2 = 564.06$$
Sum of squared deviations:
$$9289.06 + 5790.06 + 5406.06 + 7006.06 + 8780.06 + 3164.06 + 2139.06 + 564.06 = 42138.5$$
12. Calculate standard deviation:
$$s = \sqrt{\frac{42138.5}{7}} = \sqrt{6020.5} \approx 77.6$$
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13. **Problem 3: Compare the two distributions**
- Both groups have the same mean ($103.75$) and range ($190$).
- However, the standard deviation for ABC University is approximately $51.41$, while for XYZ University it is approximately $77.6$.
- A smaller standard deviation means data points are closer to the mean, indicating more homogeneity.
**Conclusion:** ABC University students' spending is more homogeneous than XYZ University students' spending.
**Final answers:**
- ABC University: Mean = $103.75$, Range = $190$, Standard Deviation $\approx 51.41$
- XYZ University: Mean = $103.75$, Range = $190$, Standard Deviation $\approx 77.6$
- More homogeneous group: ABC University