Mean and median, Applied Statistics

Assignment Help:

The amounts of money won by the top ten finishers in a famous car race are listed below.
$1,172,246    $163,659    $440,584    $350,634     $290,596
$186,731    $145,809     $143,209     $139,096     $125,106

(a) Find the mean and median winnings. Round the median to the nearest dollar.  

(b) Which measure- the mean or the median- best represents the data? Define your reasoning.

(c)  Explain the shape of the histogram. (  Use the mean and median values)


Related Discussions:- Mean and median

Angle count method, Angle Count method The method for estimating the pr...

Angle Count method The method for estimating the proportion of the area of a forest which is in fact covered by the bases of trees. An observer goes to each of the number of po

Statistics to support learning, Scenario: Many of the years 5 and year 6 l...

Scenario: Many of the years 5 and year 6 learners' at Woodlands Park School were excited about being chosen for the cross-country team.  Every day, they were able to run laps of t

Number of principal components, While there are p original variables the n...

While there are p original variables the number of principal components is m such that m

Decision making ., it is said that management is equivalent to decision mak...

it is said that management is equivalent to decision making? do you agree? explain

Variance, Variance The term variance was used to describe the square of...

Variance The term variance was used to describe the square of the standard deviation by R.A.Fisher. The concept of variance is highly important in areas where it is possible to

Inverse cumulative distribution function, The Null Hypothesis - H0: β0 = ...

The Null Hypothesis - H0: β0 = 0, H0: β 1 = 0, H0: β 2 = 0, Β i = 0 The Alternative Hypothesis - H1: β0 ≠ 0, H0: β 1 ≠ 0, H0: β 2 ≠ 0, Β i ≠ 0      i =0, 1, 2, 3

E-mail messages should be answered quickly, Do people of different age grou...

Do people of different age groups differ in their response to e-mail messages? A survey by the Cent of the Digital Future of the University of Southern California reported that 70.

business forecasting, Explain the characteristics of business forecasting

Explain the characteristics of business forecasting.

Quartiles, Related Positional Measures Besides median, there are other ...

Related Positional Measures Besides median, there are other measures which divide a series into equal parts. Important amongst these are quartiles, deciles and percentiles.

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