Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Here are 6 celebrities with some of the highest net worths (in millions of dollars) in a recent year: George Lucas (5500), Steven Spielberg (3700),
Here are 6 celebrities with some of the highest net worths (in millions of dollars) in a recent year: George Lucas (5500), Steven Spielberg (3700), Paul Mccartney (1200), J. K. Rowling (1000), David Copperfield (1000), and Jerry Seinfeld (950) . Find the range, variance, and standard deviation for the sample data. What do the results tell us about the population of all celebrities? Based on the nature of the amounts, what can be inferred about their precision? i ne range is >| | million. (Round to the nearest integer as needed.) The variance is million dollars squared. (Round to the nearest integer as needed.) The standard deviation is $|] million. (Round to the nearest integer as needed.) What do the results tell us about the population of all celebrities? O A. Because the data are from celebrities with the highest net worths, the measures of variation are not at all typical for all celebrities. O B. Because the statistics are calculated from the data, the measures of variation cannot tell us about other celebrities. O C. Because the data are from celebrities with the highest net worths, the measures of variation are typical for all celebrities. O D. Because the statistics are calculated from the data, the measures of variation are typical for all celebrities. Based on the nature of the amounts, what can be inferred about their precision? Because all of the amounts end with | | it appears that they are rounded to the nearest so it would make sense to round the results to the nearest
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started