Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The owners of a company want to summarise the number of annual leave days taken by their employees so far this year. The raw data
The owners of a company want to summarise the number of annual leave days taken by their employees so far this year. The raw data listed below shows the number of annual leave days that have been taken for a sample of seven staff members.
Leave days taken 7 5 1 18 11 5 3
a) Calculate the variance for this data set.
b) Calculate the value of the interquartile range.
c) Would you describe the variance you calculated in part a) as a statistic or a parameter? Briefly explain your choice.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started