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please explain to me why the correct answers are correct Your non-profit is going over donations from your most recent fundraising drive. The non-profit made
please explain to me why the correct answers are correct
Your non-profit is going over donations from your most recent fundraising drive. The non-profit made $100,000 in this last drive and everyone is impressed. Donations ranged from $100 to $50,000 from many donors and came from almost 2500 unique donors. You report that the average donation was $1000. Which of the following might be misleading about your statement and how could you better make your point (if necessary)? Hide answer choices A 6) Nothing, you are right in your reporting. Your average donation of $1000 is likely too high and influenced by a small amount of very large donations. Correct answer Reporting the average donation is likely better represented by the median since there were extreme values. Your average donation of $1000 is likely too low and influenced by a small amount ofvery small donations. Reporting the average donation is likely better represented by the median since there were extreme values. Incorrect: 9 Since there were many unique donors, you really don't have enough information and thus your conclusion might not be wrong because you don't have enough information. Same scenario as the previous question - Your boss presents last quarter's sales numbers and said they range from $25,000 to $350,000 and then chews you and a few others out for having such low numbers. You are a little confused because you knew you didn't have a great quarter but it wasn't too bad compared to your usual and you know it isn't that different than many other sales people and doesn't understand how there co uld be that much varaiblity. You are especially shocked because most quarters people don't have numbers much over $150,000. What would you recommend as a better way for your boss to look at the spread of the quarter's sales numbers to actually determine ifyou were below average, if you think his interpretation was wrong? Hide answer choices A Incorrect: 0 He should look at the standard deviation because that is a good measure for spread when there are extreme values because it is resistant to extremes. If you aren't too many standard deviations away from that mean then maybe your numbers weren't too low. He should look at the Interquartile Range and see how you and your workmates compared to that because that represents the middle 50% of sales and then maybe you may deserve to be scolded if your below that. Correct answer 0 There was nothing wrong with his description of the spread. He should simply compare your number to the mean sales to see ifyour numbers were bad last quarter and then decide @@ whether or not to scold youStep by Step Solution
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