Limitations of arithmetic mean, Applied Statistics

Assignment Help:

The calculations of arithmetic mean may be simple and foolproof, but the application of the result may not be so foolproof. An arithmetic mean may not merely lack significance; it may well be positively misleading. Mean should never be accepted as significant without supporting credentials 


Related Discussions:- Limitations of arithmetic mean

Choose the correct null hypotheses, For the following claim, find the null ...

For the following claim, find the null and alternative hypotheses, test statistic, P-value, critical value and draw a conclusion. Assume that a simple random sample has been selec

Melissa Bakery, Melissa Bakery is preparing for the coming thanksgiving fes...

Melissa Bakery is preparing for the coming thanksgiving festival. The bakery plans to bake and sell its favourite cookies; butter cookies, chocolate cookies and almond cookies. A k

Eigenvalue-based rules, Henry Kaiser suggested a rule for selecting a numbe...

Henry Kaiser suggested a rule for selecting a number of components m less than the number needed for perfect reconstruction: set m equal to the number of eigenvalues greater than I

QUARTILE DEVIATION, Examples of grouped, simple and frequency distribution ...

Examples of grouped, simple and frequency distribution data

Coefficient of variation, Coefficient of Variation or C.V. To compare t...

Coefficient of Variation or C.V. To compare the variability between or more series, coeffiecnt of variation is used, it is relative measure of dispersion, it innovated and used

Eliminate all of the insignificant variables, The file Midterm Data.xls ha...

The file Midterm Data.xls has a tab labeled "Many vs. S&P" which presents historical price data for several assets, a volatility condition (VIDX = 1 if the NYSE volatility is grea

#vital statistics, # I have to make assignment on vital statistics so kindl...

# I have to make assignment on vital statistics so kindly guide me how to make and get good marks

Two-tailed and one-tailed tests, If the test is two-tailed, H1:  μ ≠  μ 0  ...

If the test is two-tailed, H1:  μ ≠  μ 0  then the test is called two-tailed test and in such a case the critical region lies in both the right and left tails of the sampling distr

Calculate the standard deviation, Zinc is a trace element and it is importa...

Zinc is a trace element and it is important in wound healing, building up the immune system and DNA synthesis. The data in Table 1 represents the zinc intake (in milligrams) for a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd