Customer database. A philanthropic organization has a database of millions of donors that they contact by mail
Question:
Customer database. A philanthropic organization has a database of millions of donors that they contact by mail to raise money for charities. One of the variables in the database, Title, contains the title of the person or persons printed on the address label. The most common are Mr., Ms., Miss, and Mrs., but there are also Ambassador and Mrs., Your Imperial Majesty, and Cardinal, to name a few others. In all, there are over 100 different titles, each with a corresponding numeric code.
Code Title Code Title 000 MR. 127 PRINCESS 001 MRS. 128 CHIEF 1002 MR. and MRS. 129 BARON 003 MISS 130 SHEIK 004 DR. 131 PRINCE AND PRINCESS 005 MADAME 132 YOUR IMPERIAL MAJESTY 006 SERGEANT 135 M. ET MME.
009 RABBI 210 PROF.
010 PROFESSOR f f 126 PRINCE An intern who was asked to analyze the organization’s fundraising efforts presented these summary statistics for the variable Title.
Mean 54.41 StdDev 957.62 Median 1 IQR 2 n 94,649
a) What does the mean of 54.41 mean?
b) What are the typical reasons that cause measures of center and spread to be as different as those in this table?
c) Is that why these are so different?
Step by Step Answer:
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman