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Playlist CAHSEE Math Test Prep: Statistics, Data, and Probability II 30 videos
CAHSEE Math Statistics, Data, and Probability II: Drill 1 Problem 1. Which of the following tables best represents the relationship between the val...
Statistics, Data, and Probability II Drill 1, Problem 2. Based on the chart, which of the following statements is true?
CAHSEE Math Statistics, Data, and Probability II: Drill Set 1, Problem 3. Based on the following, which of the following statements is true?
CAHSEE Math 5.5 Statistics, Data, and Probability II 192 Views
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Description:
Statistics, Data, and Probability II Drill 5, Problem 5. If Bert purchased $15,000 in merchandise at wholesale prices, how much would he need to make in total sales to earn a 12% profit?
Transcript
- 00:03
Here’s a question to put a little shmoop in your step…
- 00:06
For the past few years, the owners of a local baseball team, the Fighting Pansies, have
- 00:10
been trying to increase slumping attendance by lowering ticket prices.
- 00:14
Twitter feedback indicates that the biggest barrier to ticket sales is the high cost of the ticket.
- 00:20
No one wants to pay through the roof to watch a bunch of Pansies play baseball.
Full Transcript
- 00:24
If a scatter plot were used here, horizontal values on it could represent the ever-higher
- 00:29
markdowns in ticket prices each year with respect to the original prices.
- 00:35
On the other hand, vertical values could represent the percentage increase in average attendance
- 00:40
per game starting from the beginning of the ticket price reductions.
- 00:44
Based on the above description, which of the following would be the most accurate statement
- 00:49
about the scatter plot representing this situation?
- 00:52
And here are the potential answers...
- 00:57
OK, so this long, hairy question is asking us to interpret a scatter plot… without providing us a scatter plot.
- 01:04
In other words… if WE were in charge of converting the given information into a scatter
- 01:08
plot… how on Earth would we do it?
- 01:10
Well, the problem tells us we should show
- 01:12
the discounted ticket prices along the horizontal, or x-axis…
- 01:17
…and the vertical, or y-axis, should show the percentage of increase in attendance.
- 01:22
If we were to put together such a plot, like this…
- 01:24
...with attendance going up as discounts go up…
- 01:27
…we’d have a POSITIVE correlation, since our plotted points move in an upward direction
- 01:31
from left to right.
- 01:33
Be careful here…
- 01:34
…if we were to compare attendance with ticket PRICES, we’d have a negative correlation…
- 01:38
…but because we’re asked to put the DISCOUNTS along the x-axis,
- 01:42
we actually do wind up with a positive correlation.
- 01:47
So our answer is A.
- 01:49
As in, “All-star.”
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