Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

OPMT 1130 Quiz 2 Mark: Last Name: First Name: Set: Sales (in $) for one week were collected for 18 stores in Safeway, a store

image text in transcribed
OPMT 1130 Quiz 2 Mark: Last Name: First Name: Set: Sales (in $) for one week were collected for 18 stores in Safeway, a store chain. The stores and towns they are located vary in size. The data are shown below (ranked from the lowest to the largest value). 56,214 68,056 68,692 68,880 71,690 75,033 75,459 79,739 92,469 94,824 97,909 97,962 101,012 115,604 137,110 138,151 203,241 224,511 (a) What is the the range and median for this data? Range: Median: (b) Choose the correct boxplot below: U 250 $ 250 250 spues Thousands 3 200 $ 200 200 uesnoyl 150 150 150 100 100 (c) The mean is $103,698. Why do the mean and median differ? A. The mean is lower because outlier(s) pull it down. B. The median is higher because the outlier(s)pull it up. C. The mean is higher because the outlier(s) pull it up. D. The median is lower because the outlier(s) pull it down. (d) If we were to remove the outliers from the data, how would you expect the mean, median, standard deviation, and IQR to change? Note: Assume a large dataset with 1800 data. A. The mean and the standard deviation would decrease, The median and IQR would be relatively unaffected. B. The mean, median, standard deviation, and IQR would all decrease. C. The mean and standard deviation would increase. The median and IQR would be relatively unaffected. D. The median and IQR would decrease. The mean and standard deviation would be relatively unaffected

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

Mathematical Applications for the Management Life and Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

11th edition

9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042

More Books

Students also viewed these Mathematics questions