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

Regression and anova, The first step in this case is to ensure that you ar...

The first step in this case is to ensure that you are adequately clear on the General Linear Model and its relationship to both ANOVA and regression. The distinction is approxim

Histogram, Histogram: It is generally used for charting continuous fre...

Histogram: It is generally used for charting continuous frequency   distribution. In histogram, data are plotted as a series  of rectangle one over the other. Class intervals

Expected average time, Question: A car was machine washes each car in 5 min...

Question: A car was machine washes each car in 5 minutes exactly. It has been estimated that customers will arrive according to a Poisson distribution at an average of 8 per hour.

Chi-square analysis, Chi-square analysis can be used with both Goodness-of-...

Chi-square analysis can be used with both Goodness-of-Fit Tests and with Tests for Independence. There are specific instances when each test should be used based on the information

Systematic sampling, Systematic Sampling In Systematic Sampling ...

Systematic Sampling In Systematic Sampling each element has an equal chance of being selected, but each sample does not have the same chance of being selected. Here,

Stat, solve problems

solve problems

Calculation for discrete series or ungrouped data , Calculation for Discre...

Calculation for Discrete Series or Ungrouped Data The formula for computing mean is = where,          f  = fr

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

Statistical process control, Statistical Process Control The variabilit...

Statistical Process Control The variability present in manufacturing process can either be eliminated completely or minimized to the extent possible. Eliminating the variabilit

Regression, why we use dummy variable

why we use dummy variable

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