Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Listed below are the top 10 annual salaries (in millions of dollars) of TV personalities. Find the range, variance, and standard deviation for the

image text in transcribed

Listed below are the top 10 annual salaries (in millions of dollars) of TV personalities. Find the range, variance, and standard deviation for the sample data. Given that these are the top 10 salaries, do we know anything about the variation of salaries of TV personalities in general? 42 40 39 33 25 21 19 17 16.8 16.1 O The range of the sample data is $million. (Type an integer or a decimal.) The variance of the sample data is (Round to two decimal places as needed.) The standard deviation of the sample data is $million. (Round to two decimal places as needed.) Is the standard deviation of the sample a good estimate of the variation of salaries of TV personalities in general? OA. Yes, because the sample is random. OB. No, because the sample is not representative of the whole population OC. No, because there is an outlier in the sample data. On Vas herause the standard deviation is an unhissar estimator

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

Elementary Statistics

Authors: Mario F. Triola

11th Edition

321500245, 321500243, 978-0321500243

More Books

Students also viewed these Accounting questions

Question

What is the work environment like? Friendly/collegial?

Answered: 1 week ago

Question

What are decision rules? Why are they necessary? LO.1

Answered: 1 week ago

Question

What are the responsibilities of inventory management? LO.1

Answered: 1 week ago