Answered step by step
Verified Expert Solution
Link Copied!

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

 

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), Oprah Winfrey (3200), 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? The 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? OA. Because the statistics are calculated from the data, the measures of variation are typical for all celebrities. O B. Because the statistics are calculated from the data, the measures of variation cannot tell us about other celebrities. OC. Because the data are from celebrities with the highest net worths, the measures of variation are not at all typical for all celebrities. OD. Because the data are from celebrities with the highest net worths, 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

blur-text-image

Get Instant Access to Expert-Tailored 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

Introduction To Probability And Statistics

Authors: William Mendenhall, Robert J. Beaver, Barbara M. Beaver

13th Edition

0495389536, 9780495389538

More Books

Students also viewed these Mathematics questions

Question

Find the complement and the supplement. /4

Answered: 1 week ago

Question

What are the assumptions of the test based on the ????-ratio?

Answered: 1 week ago