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A cryptocurrency is a digital form of payment that can be used to buy goods and services. There are over 10,000 different cryptocurrencies traded publicly.
A cryptocurrency is a digital form of payment that can be used to buy goods and services. There are over 10,000 different cryptocurrencies traded publicly. The price (in dollars) for a random sample of the ten cryptocurrencies priced under $20 is given below: 2.10 1.00 0.24 6.75 19.95 4.41 8.04 6.05 7.24 1.60 e) Calculate the trimmed mean by eliminating the two smallest and two largest sample observations. What is the corresponding trimming percentage? f) Consider the random sample of ten cryptocurrencies. Suppose the price of $0.24 increases to $1.00 (all other prices stay the same). Which of the following statistics will change? mean O median O mode Range O IQR O standard deviation O variance O trimmed mean O QI 0 Q3
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