The histogram shows the December charges (in $) for 5000 customers from one marketing segment from a
Question:
a) Write a short description of this distribution (shape, center, spread, unusual features).
b) Would you expect the mean or the median to be larger? Explain.
c) Which would be a more appropriate summary of the center, the mean or the median? Explain.
December Charge
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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