How much the mean changes?

Assignment Help Basic Statistics
Reference no: EM13849654

There are 15 numbers on a list, and the mean is 25. The smallest number on the list is changed from 12.9 to 1.29.

a. Is it possible to determine by how much the mean changes? If so, by how much does it change?

b. Is it possible to determine the value of the mean after the change? If so, what is the value?

c. Is it possible to determine by how much the median changes? If so, by how much does it change?

d. Is it possible to determine by how much the standard deviation changes? If so, by how much does it change?

Reference no: EM13849654

Questions Cloud

Financial controls and management of public expenditures : Prepare a report for the mayor and city council on your proposed expenditure plan assessing the key course objectives including fund accounting and financial controls, control and management of public expenditures, government financial reporting requ..
Calculate an earnings growth rate : How do we calculate an earnings growth rate? Please illustrate your calculation using an example you make up yourself and not one from the book or the internet.
Bank required by law to report to potential borrowers : Tai Credit Corp. wants to earn an effective annual return on its consumer loans of 14.6 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers?
Bonds outstanding with coupon rate : Union Local School District has bonds outstanding with a coupon rate of 3.6 percent paid semiannually and 17 years to maturity. The yield to maturity on these bonds is 3.9 percent and the bonds have a par value of $5,000. What is the price of the bon..
How much the mean changes? : how much the mean changes?
Calculate the tier ratio using risk-adjusted assets : Let’s assume that you have been asked to calculate risk-based capital ratios for a bank with the following accounts. Calculate the equity capital ratio. Calculate the Tier 1 Ratio using risk-adjusted assets. Calculate the Total Capital (Tier 1 and Ti..
In what ways do we erode our own privacy online : In what ways do we erode our own privacy online? In what ways do we erode our friends' privacy Online? What are some of the possible long-term consequences of eroding our own privacy or our friends' privacy online
Total liabilities and capital : Broncs Bank has the following liabilities and equity categories: What would be the bank’s total liabilities and capital if owners’ capital were 75% the size of Other Liabilities? If Total Liabilities and Capital were 18 million what would be the size..
Find the probability : Find the probability that fewer than two cars will pass in exactly two of three consecutive intervals.

Reviews

Write a Review

Basic Statistics Questions & Answers

  What do know about behavior of sample mean

What do we know about the behavior of the sample mean ( X ) in this setting? B) If the sociologist decides to scale down his study and draw a sample of n =10.

  Do the data provide sufficient evidence to conclude that

a local pizza restaurant and a local branch of a national chain are located across the street from a college campus.

  Example of repeated measures analysis of variance

Give an example of a repeated measures analysis of variance (ANOVA)--no examples of therapy or temperature.

  Type of sampling technique

To test the effectiveness of a new type of plastic handcuffs, a law enforcement agency puts the cuffs on a sample of 30 persons who belong to the local weightlifting club. None is capable to break free from the cuffs. What type of sampling techniq..

  Necessary assumption of population distribution

A newspaper article discussed the opening of a Whole Foods Market in the Time=Warner building in NYC. What assumption is necessary about the population distribution in order to perform the test

  An investigator wants to show that first-born children

an investigator wants to show that first-born children score higher on iq tests than second-borns. he takes a simple

  Relationship between variables to be positive or negative

State in each of given cases whether you would expect relationship between given variables to be positive or negative or neither.

  Large toxic clean up project

Workers at a large toxic clean up project are concerned that their white blood cell counts may have been reduced. Let x be a random variable that represents white blood cell count per cubic millimeter of whole blood in a healthy adult.

  1 assume that adults have iq scores that are normally

1 assume that adults have iq scores that are normally distributed with a mean of 105 and a standard deviation of 15.

  Assume that a simple random sample has been selected from a

assume that a simple random sample has been selected from a normally distributed population and test the given claim.

  Find probability that more invoices were paid late

uppose that the protion of all invoices that were paid late is 20 percent. In a random sample of 140 invoices, determine the probability that more than 28 percent invoices were paid late.

  Random sampling from four treatments produced the following

random sampling from four treatments produced the following

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