Statistics

Quiz: Exam 2 Chapter 3 Question 1 of 6 This quiz: 6 point(s) possible This question: 1 point(s) possible Submit q Find the (a) mean, (b) median, (c) mode, and (d) midrange for the data and then (e) answer the given questions. Listed below are the highest amounts of net worth (in millions of dollars) of all celebrities. 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? 285 200 185 165 160 160 140 140 140 140 The mean is $ million. (Type an integer or a decimal rounded to one decimal place as needed.) b. Find the median. The median is $ million. (Type an integer or a decimal rounded to one decimal place as needed.) c. Find the mode. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. A. The mode(s) is(are) $ million. (Type an integer or a decimal. Do not round. Use a comma to separate answers as needed. O B. There is no mode. d. Find the midrange. The midrange is $ million. (Type an integer or a decimal rounded to one decimal place as needed.) e. What do the results tell us about the population of all celebrities? A. Apart from the fact that all other celebrities have amounts of net worth lower than those given, the results in parts (a), (b), and (d) do not given meaningful results. However, the result from part (c) shows that the most common celebrity net worth is equal to the mode. O B. Apart from the fact that all other celebrities have amounts of net worth lower than those given, nothing meaningful can be known about the population. O C. The results tell us that the most common celebrity net worth is the mode, but all other celebrities are expected to have net worths approximately equal to the mean, median, or midrange. Time Remaining: 01:59:03 Next