Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Question 2 1 pt When asked to analyze a data set, there is rarely one correct answer, but rather a collection of solutions that can

image text in transcribed
Question 2 1 pt When asked to analyze a data set, there is rarely one correct answer, but rather a collection of solutions that can be true depending on your question. This can make interpreting a data set seem very daunting, as you have a range of measures you can choose to calculate from the data. It's important to understand that it's not always appropriate to use one single measure for every data set, which can make analyzing data difcult. Which of the following are correct and can be considered a rule one must follow when choosing to use one statistic over another? If the goal is to compare test grades of biology and chemistry classes, comparing the sample means of two classes might not be the best criteria. If the goal is to nd the highest frequency, or amount, of a certain variable, the Mode will probably be the best measure If the goal is to determine the variability of data, then variance can be used since it shows how far spread the data units are from the mean, i.e., big variances mean big spread. If there aren't any extreme values or outliers, the Sample Mean may be the best, especially with large sample sizes If there are outliers or extreme values, the Median may be the best measure of central tendency

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

27th edition

978-1337899451

Students also viewed these Mathematics questions

Question

Case : Karl and June Monroe

Answered: 1 week ago

Question

Draw a picture consisting parts of monocot leaf

Answered: 1 week ago