Consider the following set of sample data: a. Compute the mean and standard deviation for these sample

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Consider the following set of sample data:

a. Compute the mean and standard deviation for these sample data.

b. Calculate the coefficient of variation for these sample data and interpret its meaning.

c. Using Tchebysheff's theorem, determine the range of values that should include at least 89% of the data. Count the number of data values that fall into this range and comment on whether your interval range was conservative.

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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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Question Posted: Dec 02, 2015 01:43 AM

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Consider the following set of sample data: a. Compute the mean and standard deviation for these sample

Question:

78 121 143 88 110 107 62 122 130 95 78 139 89 125

Step by Step Answer:

a The sample mean is computed by summing the data values and dividing the sum by the number of obser...View the full answer

Business Statistics A Decision Making Approach

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