Is the standard deviation closer to given value

Assignment Help Basic Statistics

Reference no: EM131393328

Look again at the histogram of the pizza prices in given Exercise.

a) Is the mean closer to $2.40, $2.60, or $2.80? Why?

b) Is the standard deviation closer to $0.15, $0.50, or $1.00? Explain.

Exercise:
The histogram shows the distribution of the prices of a small, plain pizza (in $) for 156 weeks in Dallas, Texas.

1058_Fig 7.jpg

Which summary statistics would you choose to summarize the center and spread in these data? Why?

Reference no: EM131393328

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