In many statistical procedures, it is often advantageous to have a symmetric distribution. When the data have
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In many statistical procedures, it is often advantageous to have a symmetric distribution. When the data have a histogram that is highly right-skewed, it is often possible to obtain a symmetric distribution by taking a transformation of the data. For the data in Exercise 3.76, take the natural logarithm of the data and answer the following questions.
a. Determine the mean, median, and standard deviation.
b. Find the 25th, 50th, and 75th percentiles.
c. Plot the data in a boxplot and histogram.
d. Did the logarithm transformation result in a somewhat symmetric distribution? Distribution The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a Mean 9905 Median 9544 s 1550 b 25th percentile 8946 50th percentile median 9...View the full answer
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