The standard deviations calculated by \hand \h\«are the sample standard deviations. They assume that the data is a sampling of a larger, complete set of data.

If the data constitutes the entire population, the true population standard deviations can be calculated by pressing \eand \e\«.

Example 3

The coach has four new players on the team with heights of 193, 182, 177, and 185 centimeters and weights of 90, 81, 83, and 77 kilograms. Find the mean and population standard deviation of both their heights and weights, then sum the y-data.

Table 12-8 Example 3

KeysDisplay Description

\t

STAT CLR

Clears statistics memory.

 

 

(message flashes briefly,

 

 

then disappears)

 

 

 

 

JdDÆd:¡

 

player 1.

 

1.00

Enters height and weight of

 

 

 

JgGÆgJ¡

 

player 2.

 

2.00

Enters height and weight of

 

 

 

JjjÆgD¡

 

player 3.

 

3.00

Enters height and weight of

 

 

 

JgVÆjj¡

 

player 4.

 

4.00

Enters height and weight of

 

 

 

\k

184.25

Calculates mean of heights (x).

 

 

 

 

82.75

Displays mean of weights (y).

 

 

 

 

\e

5.80

Calculates population standard

 

deviation for heights (x).

 

 

 

4.71

Displays population standard

 

deviation for weights (y).

 

 

 

]U

331.00

Displays the total of the y -values.

 

 

 

 

Linear Regression, Estimation, and Regression Modes

Linear regression is a statistical method for estimation and forecasting. It is used to find a straight line that best fits a set of x,y data. There must be at least two different x,y pairs. The straight line provides a relationship between the x- and y-variables: y = mx + b, where m is the slope and b is the y-intercept.

Statistical Calculations 121

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Image 129
HP 10bII+ Financial manual JdDÆd¡, JgGÆgJ¡, JjjÆgD¡, JgVÆjj¡, Linear Regression, Estimation, and Regression Modes

10bII+ Financial specifications

The HP 10bII+ Financial Calculator is a versatile and powerful tool designed to meet the needs of finance students, professionals, and anyone involved in financial planning and analysis. Known for its compactness and user-friendly interface, this calculator incorporates a range of features specifically tailored for financial calculations, making it an essential gadget for banking, real estate, and investment analysis.

At the heart of the HP 10bII+ is its ability to perform a wide variety of financial functions, including time value of money calculations, cash flow analysis, bond pricing, and depreciation. Its built-in functions facilitate the computation of interest rates, present and future values, net present value (NPV), internal rate of return (IRR), and annuities. This array of functionalities allows users to tackle complex financial problems with ease.

One of the standout technologies in the HP 10bII+ is its RPN (Reverse Polish Notation) input system, which allows for efficient data entry and calculation. Users can perform consecutive calculations without the need for parentheses, streamlining the process significantly. Alternatively, the calculator can also function with a standard algebraic input, catering to different user preferences.

The design of the HP 10bII+ is sleek and compact, making it highly portable and easy to handle. With a large, easy-to-read display, it ensures that users can view their calculations clearly, even in low-light environments. The keys are well-spaced and tactile, allowing for a comfortable typing experience during intensive calculations.

The calculator also offers a range of memory functions, enabling users to store and recall important values easily. This is particularly useful for financial professionals who must deal with multiple calculations and refer back to previous results frequently.

Additionally, the HP 10bII+ is powered by two AAA batteries, providing a long battery life that ensures reliability during extended use. It also features an automatic shut-off function, which conserves battery life when the calculator is not in use.

In summary, the HP 10bII+ Financial Calculator is a high-performance device that combines essential financial functions with user-friendly design and robust technology. Whether for educational purposes or professional finance work, its capabilities make it an invaluable asset for anyone dealing with financial calculations and decision-making.