Question
Data: 55.49, 59.72, 69.98, 67.79, 55.76, 61.42, 60.03, 52.28, 50.90, 32.65, 82.18, 66.18, 32.11, 66.18, 65.38, 83.67, 84.21, 45.75, 77.18, 73.75, 71.18 1. Determine, using
Data: 55.49, 59.72, 69.98, 67.79, 55.76, 61.42, 60.03, 52.28, 50.90, 32.65, 82.18, 66.18, 32.11, 66.18, 65.38, 83.67, 84.21, 45.75, 77.18, 73.75, 71.18
1. Determine, using statistical concepts we've covered in the course so far, which measure of center (mean, median, or mode) would be best to represent this data set. Make sure to show your work and give a detailed explanation as to why the measure you chose is the best representation in general for this data.
2. Due to the method of sampling (not the sample size), is this specific sample likely to be representative of the entire data set of 100 stocks? Why or why not? (Again be sure to use statistical ideas and terminology here and be thorough in your explanation)
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