How do you usually define the mode for a quantitative data set? Why is this definition ambiguous?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Practical Business Statistics

ISBN: 9780123852083

6th Edition

Authors: Andrew Siegel

See More Books

Question Posted: Nov 11, 2015 03:42 AM

See More Questions

For a quantitative data set a. What is the 50th percentile called? b. Define QL. c. Define Qu.
Is it possible for a (quantitative) data set to have no mean, no median, or no mode? Give an example of a data set for which this summary measure does not exist.
A quantitative data set has been grouped by using cutpoint grouping with equal-width classes. a. If the lower and upper cutpoints of the first class are 5 and 15, respectively, what is the common...
Recent trends in recruiting rely on social capital by ______. Multiple choice question. making use of structural holes between groups in a social network where there are few relationships bridging...
Given that A and B are two independent events, find their joint probability for the following. a. P (A) = .29 and P (B | A) = .65 b. P (B) = .03 and P (A | B) = .28
eBook A company's 5-year bonds are yielding 9.85% per year. Treasury bonds with the same maturity are yielding 5.4% per year, and the real risk-free rate (r*) is 2.35%. The average inflation premium...
Income statement and balance sheet data for Virtual Gaming Systems are provided below.
For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 115,000 units and has fixed cost of $349,600. The...
Division A reported income from operations of $975,000 and total service department charges of $675,000. As a result, a.net income was $300,000 b.the gross profit margin was $300,000 c.consolidated...
Troester Manufacturing produces products X, Y, and Z from a joint process. Each product can be processed further and sold as X-Prime, Y-Prime, and Z-Prime. Information on the operations for the most...
1. Does the distribution of Materials Used look truly bimodal? Or could it reasonably be normally distributed with just a single group? 2. Do separate histograms for Owen and Purcell agree with...
Which summary measure(s) may be used on a. Nominal data? b. Ordinal data? c. Quantitative data?
Calculate cash available upon liquidation of business Kimber Co. is in the process of liquidating and going out of business. The firms accountant has provided the following balance sheet and...
Repeat Exercise 15 in Chap. 3 to allow the user to enter temperatures for any number of cities using the best iteration structure. Data From Exercise 15 The dew point temperature is a good indicator...
Two stacks of positive integers are needed, one containing elements with values less than or equal to 1,000 and the other containing elements with values larger than 1,000. The total number of...
Compare Figures 1-2 and 1-12. How do they differ? How are they similar? Explain how Figure 1-12 conveys the idea of speed in development. Figures 1-2 Figures 1-12 Maintenance Planning Implementation...
With a neat sketch explain the working of pressure-velocity compounding of impulse steam turbine.
The adjusted trial balance for Barry Moving Service as of December 31 is as follows: Required a. Prepare the closing entries at December 31 directly to Retained Earnings in general journal form. b....
A business analyst has a career path that has been very important to her throughout the 10 years of her career. She is put on a project with a strong matrix organizational structure. Which of the...
The Home Depot is the leading retailer in the home improvement industry and one of the 10largest retailers in the United States. The company included the following on its January 29, 2012, balance...
Explain why the amount of cash salaries paid to employees does not equal salaries expense for the employer.
As part of a decision regarding a new product launch, you want to test whether or not a large enough percentage (10% or more) of the community would be interested in purchasing it. You will launch...
You are considering a new delivery system and wish to test whether delivery times are significantly different, on average than your current system. It is well established that the mean delivery time...
Here are the satisfaction scores given by 12 randomly selected customers: 89, 98, 96, 65, 99, 81, 76, 51, 82, 90, 96, 76 Does the observed average score differ significantly from the target score of...
Only need help on 4B and 5. Exercise 9-21 Breakeven Planning; Profit Planning (LO 9-2, 9-3] Connelly Inc., a manufacturer of quality electric ice cream makers, has experienced a steady growth in...
A project with an initial cost of $32,000 is expected to provide cash flows of $12,900, $13,100, $16,200, and $10,700 over the next four years, respectively. If the required return is 8.1 percent,...
A company that is expecting to receive EUR 500,000 in 60 days is considering entering into an FX futures contract to lock an exchange rate to USD for the transaction. The FX rate on the contract is...

How do you usually define the mode for a quantitative data set? Why is this definition ambiguous?

Question:

Step by Step Answer:

For quantitative data the mode may be defined as the midpoint of the highest bar ...View the full answer

Practical Business Statistics

Students also viewed these Statistics questions