Real-world example of measure of central tendency

Assignment Help Basic Statistics
Reference no: EM1393227

Give a brief description of a real-world example in which one measure of central tendency provides useful information while another measure of central tendency provides meaningless (or even misleading) information.

Reference no: EM1393227

Questions Cloud

Explain verbal behavior and nonverbal behavior : What is different about how we understand verbal behavior and how we understand nonverbal behavior? What type of information do we get from each?
Explain how inflation impacts exchange rates : Explain how banks and individuals can use covered interest arbitrage to protect themselves when they make international financial investments.
Create an action potential in sodium conductance : Create an action potential and on the same graph inclde the changes in only the sodium conductance (gNa+). You can indicate the shape with solid line.
Statistical analysis of computer corporation : A statistical analysis of 1,000 long-distance calls made from the headquarters of the Bricks and Clicks Computer Corporation indicates that the length of these calls is normally distributed with μ = 240 seconds and σ = 40 seconds.
Real-world example of measure of central tendency : Give a brief description of a real-world example in which one measure of central tendency provides useful information while another measure of central tendency provides meaningless (or even misleading) information.
Explain central issues of role of federal government : Recognize and explain the central issues in debate over proper role of federal government in fostering economic development, explaining and protecting individual rights.
Finding z-value according to a normal distribution : Assume that a random variable, x, is distributed according to a normal distribution with mean 12 and standard deviation 2. Find the z-value if:
Expected return-standard deviation of portfolio : Compute the expected return and standard deviation of each of the two securities. Assume Miss Maple invested $2,500 in Security A and $3,500 in security B. Calculate the expected return and standard deviation for her portfolio.
Determine continuous random variables : A recent article suggested that if you earn $25,000 a year today and the inflation rate continues at 3 percent per year, you'll need to make $33,598 in 10 years to have the same buying power. You would need to make $44,771 if the inflation rate ju..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probability that the quarter has high productivity growth

Suppose that a quarter is randomly selected, what is the probability that this quarter has high productivity growth and has a large pay increase?

  Determining scores of values of each expression

For following scores determine values of each expression:  X: 4, 2, 1, & 5. åX, åX 2 , (åX) 2 , å(X-1).

  Probability that person will fall in book keeping category

One person's file is chosen at random. Find out probability that selected person will fall into following categories. Book keeping.

  Frequency distribution and relative frequency

Make a relative frequency histogram by using ten-point intervals to show the distribution of the scores.

  Determine population average-confidence interval

Find a 90% confidence interval for the population average µ of the percentage of hospitals providing at least some charity care.

  Six sigma computation-interpretations

To what probabilities do each of the following sigma levels correspond to, based on a standard normal curve: 3 sigma, 4sigma, 5 sigma, and 6 sigma? (Hint: Use the NORMSDIST function in Excel.

  Average forecast of demand

Compute a 3 month moving average forecast of demand for April through January (of the next year). Compute a 5 month moving average forecast for June through January

  Estimated bootstrap standard error of the median

What is the approximate estimated bootstrap standard error of the median, What is the approximate bias of the median estimated from bootstrapping - What is the bootstrap t confidence interval for the median

  Construct a histogram for given data

The following frequency distribution was obtained. The data values are in hours. Construct a  histogram for the data .

  Probability of choosing supreme chocolate

What is the probability that at least three students choose Supreme Chocolate?

  Null and alternate hypotheses

By using the fact that Martha believes the treatment will decrease the amount of time to fall asleep, describe the null and alternate hypotheses.

  Mud turtles observation by a biologist

A biologist has found the average weight of 12 randomly selected mud turtles to be 8.7 lb with standard deviation 3.6 lb. find a 90% confidence interval for the population mean weight of all such turtles.

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