Distributions and appropriate statistics

Assignment Help Basic Statistics

Reference no: EM131824859

Distributions and appropriate statistics, Part II. For each of the following, state whether you expect the distribution to be symmetric, right skewed, or left skewed. Also specify whether the mean or median would best represent a typical observation in the data, and whether the variability of observations would be best represented using the standard deviation or IQR. Explain your reasoning.

(a) Housing prices in a country where 25% of the houses cost below $350,000, 50% of the houses cost below $450,000, 75% of the houses cost below $1,000,000 and there are a meaningful number of houses that cost more than $6,000,000.

(b) Housing prices in a country where 25% of the houses cost below $300,000, 50% of the houses cost below $600,000, 75% of the houses cost below $900,000 and very few houses that cost more than $1,200,000.

(c) Number of alcoholic drinks consumed by college students in a given week. Assume that most of these students don't drink since they are under 21 years old, and only a few drink excessively.

(d) Annual salaries of the employees at a Fortune 500 company where only a few high level executives earn much higher salaries than all the other employees.

Reference no: EM131824859

Questions Cloud

Explain the evolution of the nothing works perspective : How this perspective came to be, what happened during the Nothing Works era, what perspective we have now, and how we came here.

What swot analysis can tell us about the company : What SWOT analysis can tell us about the company? How the company market its product and compete in the market place?

Determining the air quality : (a) Estimate the median AQI value of this sample. (b) Would you expect the mean AQI value of this sample to be higher or lower than the median?

Distributions and appropriate statistics part : Distributions and appropriate statistics, Part I. For each of the following, state whether you expect the distribution to be symmetric

Distributions and appropriate statistics : Distributions and appropriate statistics, Part II. For each of the following, state whether you expect the distribution to be symmetric

What shape would you expect this distribution to have : Is the distribution of number of hours students watch television weekly symmetric? If not, what shape would you expect this distribution to have?

Determining the exam scores : Is the distribution of the scores on this exam symmetric? If not, what shape would you expect this distribution to have? Explain your reasoning.

Which theory best fits the given leaders style : Which theory best fits this leader's style? Explain with examples. What are the benefits and hindrances of this leader leading in this manner?

Distribution of number of friends of facebook users : What do these findings suggest about the shape of the distribution of number of friends of Facebook users?

User Account

All Pages