The accompanying data are a subset of data read from a graph in the paper Ladies First?
Question:
a. Compute the mean and standard deviation for this data set.
b. Delete the observation of 380 and recompute the mean and standard deviation. How do these values compare to the values computed in Part (a)? What does this suggest about using the mean and standard deviation as measures of center and spread for a data set with outliers?
Transcribed Image Text:
60 80 80 100 100 100 120 120 120 140 140 150 160 180 200 200 220 240 380
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 91% (12 reviews)
a x 1521seconds s 746 seconds b x 1394 seconds s 516 seconds Deleting the observation ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
The accompanying data are a subset of data that appeared in the paper Ladies First? A Field Study of Discrimination in Coffee Shops (Applied Economics [ April, 2008]). The data are the times (in...
-
A subset of data read from a graph that appeared in the paper Decreased Brain Volume in Adults with Childhood Lead Exposure (Public Library of Science Medicine [May 27, 2008]: e112) was used to...
-
The accompanying data are x = cost (cents per serving) and y = fiber content (grams per serving) for 18 high-fiber cereals rated by Consumer Reports (www .consumerreports.org/health). a. Compute and...
-
The following given is the 911 call data. Call 1 2 3 4 5 6 7 8 9 10 11 12 13 14 0642 O HUB0: Time g 1:01 1:05 1:07 1:11 1:16 1:20 1:20 1:21 1:26 1:26 1:28 1:31 1:34 1:35 Call 15 16 17 DARREN342222 18...
-
Each year, ratings are compiled concerning the performance of new cars during the first 90 days of use. Suppose that the cars have been categorized according to whether a car needs warranty-related...
-
What does the matrix used in the shortest-paths algorithms correspond to in regular matrix multiplication? 8. 8 88 ... 88 ...
-
Explain why you agree or disagree with some of the suggestions in this chapter for improving project communications, such as creating a communications management plan, stakeholder analysis, or...
-
1. Write a brief memo to Monica explaining the difference between detail reports, exception reports, and summary reports. Suggest at least one example of each type of report that she might want to...
-
Byte of Accounting, Inc. Transaction Description of transaction 01. June 1: Byte of Accounting, Inc. issued 2,680 shares of its common stock to Jeremy after $23,310 in cash and computer equipment...
-
On January 2, 2021, Ms. Sherry Kantor moves from London, Ontario, to Thunder Bay, Ontario, in order to begin employment with Northern Enterprises Ltd. (NEL). Her salary for the year was $142,000. NEL...
-
Cost per serving ( in cents) for 15 high- fiber cereals rated very good or good by Consumer Reports are shown below. Compute and interpret the mean and standard deviation for this data set. 46 49 62...
-
Data on tipping percent for 20 restaurant tables, consistent with summary statistics given in the paper Beauty and the Labor Market: Evidence from Restaurant Servers ( unpublished manuscript by Matt...
-
A long cylindrical rod of very high emissivity is heat treated within a long, evacuated oven of square cross section as shown in the sketch. The oven walls exhibit blackbody behavior. Due to...
-
n1 = 15, n2 = 18, S = 280, H1: m1 > m2. Exercises 57 present sample sizes and the sum of ranks for the rank-sum test. Compute S, S, and the value of the test statistic z. Then find the P-value.
-
n1 = 25, n2 = 32, S = 850, H1: m1 m2. Exercises 57 present sample sizes and the sum of ranks for the rank-sum test. Compute S, S, and the value of the test statistic z. Then find the P-value.
-
Evaluate the matrix element $\left\langle j_{1} j_{2} J\left|T_{k q}(1) ight| j_{1}^{\prime} j_{2}^{\prime} J^{\prime} ightangle$, where the tensor operator $T_{k q}(1)$ operates only on the part of...
-
Mark Gold opened Gold Roofing Service on April 1. Transactions for April are as follows: 1 Gold contributed \(\$ 15,000\) of his personal funds in exchange for common stock to begin the business. 2...
-
n1 = 20, n2 = 30, S = 400, H1: m1 < m2. Exercises 57 present sample sizes and the sum of ranks for the rank-sum test. Compute S, S, and the value of the test statistic z. Then find the P-value.
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Courts sometimes enforce a contract that lacks consideration because it is socially benefi...
-
Differentiate. y = ln(3x + 1) ln(5x + 1)
-
Survey some data mining tools and vendors. Start with fico.com and egain.com. Consult dmreview.com, and identify some data mining products and service providers that are not mentioned in this chapter.
-
Medicares new medical plans offer a wide range of variations and choices for seniors when picking a drug plan (San Luis Obispo Tribune, November 25, 2005). The monthly cost for a stand-alone drug...
-
This exercise requires the use of a computer. Refer to the Medicare drug plan premium data of Exercise 5.8. a. Construct a dotplot or a stem-and-leaf display of the lowest premium cost data. b. Based...
-
For each of the following pairs of variables, indicate whether you would expect a positive correlation, a negative correlation, or a correlation close to 0. Explain your choice. a. Maximum daily...
-
U.S. GAAP specifies all of the following characteristics of variable interest entities except: A. Equity holders hold less than 5% of the entitys voting stock. B. Equity holders do not have voting...
-
Rank the following three stocks by their risk-return relationship, best to worst. Night Ryder has an average return of 10 percent and standard deviation of 27 percent. The average return and standard...
-
Use the following information: \ table [ [ Country , \ table [ [ Consumer Prices ] ] , Interest Rates,Current Units ( per US$ ) ] , [ Forecast , 3 - month, 1 - yx Covt Bond,, ] , [ 2 0 2 4 e ,...
Study smarter with the SolutionInn App