The mean and median describe the center. a. Why is the median sometimes preferred? Give an example.
Question:
a. Why is the median sometimes preferred? Give an example.
b. Why is the mean sometimes preferred? Give an example.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (18 reviews)
a The median is preferred when a distribution is highly skewed An outlier pulls the mean i...View the full answer
Answered By
Surojit Das
I have vast knowledge in the field of Mathematics, Business Management and Marketing. Besides, I have been teaching on the topics Management leadership, Business Administration, Human Resource Management, Business Communication, Accounting, Auditing, Organizer Behaviours, Business Writing, Essay Writing, Copy Writing, Blog Writing since 2020. It is my personality to act quickly in any emergency situations when students need my services. I am very professional and serious in every questions students asked me at the time of dealing any projects. I have been serving detailed, quality, properly analysed research paper through the years.
4.80+
91+ Reviews
279+ Question Solved
Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
Question Posted:
Students also viewed these Statistics questions
-
The owner of a company in downtown Atlanta is concerned about the large use of gasoline by her employees due to urban sprawl, traffic congestion, and the use of energy inefficient vehicles such as...
-
The graphs show the circumferences of heads for a group of men and a group of women. a. If you were describing the men's heads in terms of shape, center, and spread, without comparing them to the...
-
The graphs show the house prices (in hundreds of thousands of dollars) in two fictitious towns. a. If you were describing the prices in Town A in terms of shape, center, and spread, without comparing...
-
- The first stream is $450 per year for 9 years and begins 5 years from today - The second stream begins 7 years from today with the first cash flow being $400, and with each successive cash flow...
-
Nicol lets the pdf of X be defined by Find (a) The value of c so that f(x) is a pdf. (b) The mean of X (if it exists). (c) The variance of X (if it exists). (d) P(1/2 X 2). 0-x-1, 1 elsewhere f(x)...
-
DE24-11 As explained in the chapter opening story, each McDonald's uses historical data to budget sales for each hour, and the restaurant computes hourly sales variances. If actual sales are less...
-
External reporting aspects of environmental information. LO.1
-
Summit Manufacturing, Inc produces snow shovels. The selling price per snow shovel is $30.00 Cash Involved in production are Direct material $5 Direct labor $4 Variable manufacturing overhead $3...
-
Waterways has two major public park projects to provide with comprehensive irrigation in one of its service locations this month Job 357 and Job K52 involve 15 acres of landscaped terrain, which will...
-
From the following information for Russo Merchandising Co., calculate inventory turnover for 2024 and 2023 and days sales in inventory at December 31, 2024 and 2023. Round answers to one decimal...
-
Identify each of the following variables as categorical or quantitative. a. Number of pets in family b. County of residence c. Choice of auto to buy (domestic or import) d. Distance (in kilometers)...
-
The Energy Information Agency reported the CO2 emissions from fossil fuel combustion for the seven countries in 2008 with the highest emissions. These values, reported as million metric tons of...
-
True or false: If we fail to reject the null hypothesis H0: 1 = 0, we can conclude that there is no linear relationship between the explanatory variable and the outcome variable.
-
A project requires a $802,000 Initial Investment for equipment. The equipment is estimated to have an eight-year life and a salvage value of $42,000. The project is expected to generate income of...
-
A product has the following costs: $ Per Unit Variable production costs 9.60 Total production costs 15.00 Total variable cost 11.80 Total cost 20.00 22,800 units of the product were manufactured in a...
-
Suppose that Boeing Corporation exported a Boeing 747 to Lufthansa and billed 20 million payable in one year. One-year interest rates are 2% in the United States and 4% in the euro zone. The spot...
-
6. [0/1 Points] DETAILS MY NOTES Find the derivative. f'(x) = f(x) = x9.3x symbolic formatting help
-
1) Explain the following paragraph in your own words. "A nation which has can produce at a lower cost when measured in terms of opportunity cost is said to have a comparative advantage. Even though...
-
Figure P12.9 is a top view of a hand-driven carousel in a park. Four parents of the children riding on the device each push on the carousel in different ways. The forces exerted by each of the four...
-
Organizations are increasing their use of personality tests to screen job applicants. What are some of the advantages and disadvantages of this approach? What can managers do to avoid some of the...
-
If a business generates significant cash flows from operations, is it always advisable to raise extra long-term funding (by issuing shares and/or loans) if the business wants to expand?
-
Repeat the simulation from Activity 2, but this time simulate 1000 confidence intervals (repeatedly press the Draw Sample(s) button after selecting 100 as the number of samples to generate until you...
-
The 2012 General Social Survey asked, What do you think is the ideal number of children for a family to have? The 590 females who gave a numeric response from 0 to 6 had a median of 2, mean of 2.56,...
-
Refer to the previous exercise. For the 530 males in the sample who gave a numeric response from 0 to 6, the mean was 2.51 and the standard deviation was 0.87. a. Find the point estimate of the...
-
Los siguientes datos corresponden a las operaciones de Turk Company el ao pasado: Ventas $ 900 000 Utilidad operativa neta $ 36 000 Margen de contribucin $ 150 000 Activos operativos promedio $ 180...
-
Problem 16-16 Tax Shields (LO2) River Cruises is all-equity-financed with 53,000 shares. It now proposes to issue $280,000 of debt at an interest rate of 12% and to use the proceeds to repurchase...
-
In a process costing system, companies use predetermined overhead rates to apply overhead
Study smarter with the SolutionInn App