Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 53000 Using the accompanying Weddings data, find the mean, median, and standard deviation of the wedding costs. What would you tell a newly

image text in transcribed

2 53000 Using the accompanying Weddings data, find the mean, median, and standard deviation of the wedding costs. What would you tell a newly engaged couple about what cost to expect? Consider the effect of possible outliers in the data. Click the icon to view the Weddings data. 3 46400 4 41800 5 33600 6 30100 7 29800 8 29300 9 27200 For the given data set, the mean of the wedding costs is $ 25772 The median of the wedding costs is $ 24400. The standard deviation of the wedding costs is $ 13205 (Type integers or decimals rounded to two decimal places as needed.). 10 27000 11 24800 12 24600 13 24400 Consider the effect of possible outliers in the data. There is/are Remove these outliers and recalculate the mean, median, and standard deviation. Recalculating these statistics, the mean of the wedding costs is $ The median of the wedding costs is $ The standard deviation of the wedding mild outlier(s) for the costs. 14 21400 15 20300 16 20300 costs is $ 17 20300 (Type integers or decimals rounded to two decimal places as needed.) 18 18600 19 18400 20 18100 21 15400 22 14400 23 13000 24 6000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Cost Accounting

Authors: William Lanen, Shannon Anderson, Michael Maher

4th edition

78025524, 978-0078025525

Students also viewed these Mathematics questions