Mean and median, Applied Statistics

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)

Posted Date: 3/15/2013 5:59:37 AM | Location : United States

Related Discussions:- Mean and median, Assignment Help, Ask Question on Mean and median, Get Answer, Expert's Help, Mean and median Discussions

Write discussion on Mean and median
Your posts are moderated
Related Questions
MARKS IN LAW :10 11 10 11 11 14 12 12 13 10 MARKS IN STATISTICS :20 21 22 21 23 23 22 21 24 23 MARKS IN LAW:13 12 11 12 10 14 14 12 13 10 MARKS IN STATISTICS:24 23 22 23 22 22 24 2

Using a random sample of 670 individuals for the population of people in the workforce in 1976, we want to estimate the impact of education on wages. Let wage denote hourly wage in

You will recall the function pnorm() from lectures. Using this, or otherwise, Dteremine the probability of a standard Gaussian random variable exceeding 1.3.  Using table(), or

For calculating the mode of the grouped data graphically, the following procedure is adopted. Draw a histogram of the data; the modal class is the tallest rectangle.

Application of the chi Square Test

Chi Square Test as a Distributional Goodness of Fit In day-to-day decision making managers often come across situations wherein they are in a state of dilemma about the applica

Linear Regression Generally, in two mutually related statistical series, the regression analysis based on graphic method. Under graphic method the values  of X and Y variable

A study was designed to investigate the effects of two variables - (1) a student's level of mathematical anxiety and (2) teaching method - on a student's achievement in a mathemati

Regression Coefficient While analysing regression in two related series, we calculate their regression coefficients also. There are two regression coefficients like two regress

velocity of a particle which moves along the s-axis is given by v=2-4t+5t then find position velocity,acceleration