Following is the five-number summary of salaries (in $) for a sample of marketing managers.. Min...
Following is the five-number summary of salaries (in $) for a sample of marketing managers..
|
Min |
O1 |
Median |
Q3 |
Max |
|
46360 |
69693 |
77020 |
91750 |
129420 |
- Would you expect the mean salary for this sample of marketing managers to be higher or lower than the median? Explain.
- Which would be a more appropriate measure of central tendency for these data, the mean or median? Explain.
- Calculate the range.
- Calculate the IQR.
Homework Answers
Add Answer to:
Following is the five-number summary of salaries (in $) for a
sample of marketing managers..
Min...
Suppose, CEO yearly compensations are sampled and the following five number summary is calculated (in millions)....
Suppose, CEO yearly compensations are sampled and the following five number summary is calculated (in millions). Calculate the inter-quartile range (IQR) Calculate the lower and upper fences. Lower Fence Upper Fence Would an annual compensation of $15,000,000 be considered an outlier?(yes/no) Would an annual compensation of $20,000,000 be considered an outlier? (yes/no) Minimum 0.25 Q1 1.25 Median 3.5 Q3 7.25 Maximum 50
Women’s salaries (thousands of pounds) Men’s salaries (thousands of pounds) Min 22 26 Median 26.5...
Women’s salaries
(thousands of pounds)
Men’s salaries
(thousands of pounds)
Min
22
26
Median
26.5
30.5
Max
33
36
Mean
27.1
31.7
SD
3.4
3
IQ range
6
3
Range
11
10
a
(ii) Is this an example of continuous or discrete data? (iii) Use the two measures of location to say which gender has the er salary on average (iv) Use all three measures of spread to say which gender has the greater variability in their salary (b) (i)...
True or False The "Five-Number Summary" Includes the Min, Max, Q1, Mean, and Q3?
True or False The "Five-Number Summary" Includes the Min, Max, Q1, Mean, and Q3?
6. A sample of employees in a certain company gives the following data about salaries. Answer...
6. A sample of employees in a certain company gives the following data about salaries. Answer the questions below based on this data set. $37,000 $95,000 $40,000 $39,750 $37,000 $38,600 (a) Calculate the mean. (b) Find the median. (c) Find the mode. (d) Which measure of central tendency you think best represents the data? Explain WHY.
The descriptive summary of a TV show, the number of minutes audience spend watching in a...
The descriptive summary of a TV show, the number of minutes audience spend watching in a typical week, is given below Mean St Dev Min Show Time 135.8 177.18 Q1 50 Median Q3 90 150 Max 2000 a) What is the shape of the corresponding histogram? Explain. (symmetric /right-skewed / left-skewed) b) Are there any outliers? Explain. When describing centre and spread, which set of summary c) statistics should be used? Why? (mean and standard deviation or median and IQR)...
Instructions and Grading Question 1. (3 points total) Below is a histogram of the salaries of...
Instructions and Grading Question 1. (3 points total) Below is a histogram of the salaries of the New York Yankees baseball team in 2011. Use the histogram to answer the following questions. Provided are some summary statistics of the data set. Standard Median Q1 Deviation Minimum Max Mean 03 $414,000 $32,000,000 $6,756,301 $8,468,058 $2,100,000 $559,625 $10,000,000 (1 point) Describe the histogram, commenting on the shape, center and overall spread. (Do your best at estimating what the center would be) a)...
Q1 According to the journal Chemical Engineering, an important property of a fiber is its water...
Q1 According to the journal Chemical Engineering, an important property of a fiber is its water absorbency. A random sample of 20 pieces of cotton fiber was taken and the absorbency on each piece was measured. The following are the absorbency values: 18.71 21.41 20.72 21.81 19.29 22.43 20.17 23.71 19.44 20.50 18.92 20.33 23.00 22.85 19.25 21.77 22.11 19.77 18.04 21.12 Calculate: Sample Mean . Sample Median 10% trimmed Mean Quartiles: Qi, Q2 and Q3 Interquartile range: IQR Q3-Q...
Provide an appropriate response. Find the mean, median, and mode of the following statistic students' test...
Provide an appropriate response. Find the mean, median, and mode of the following statistic students' test scores 71 74 67 71 64 72 71 65 66 69 15 Calculate the 5-number summary 16. The distribution of salaries of professional basketball players is skewed to the right. Which measure of central tendency would be the best measure to determine the location of the center of the distribution 16). C) mean C)frequency A median B) mode 17 and median? 17 Frequency distributions...
Chapter 2, Section 3, Exercise 108 Five Number Summary for Percent Obese by State Computer output...
Chapter 2, Section 3, Exercise 108 Five Number Summary for Percent Obese by State Computer output giving descriptive statistics for the percent of the population that is obese for each of the 50 US states, from the USStates dataset, is given in the table below. Descriptive Statistics: Obese Variable N N Mean SE Mean StDev Minimum Median 3 Maximum Obese 50 0 28.766 0.476 3.369 21.300 26.375 29.400 31.150 35.100 Percent of the population that is obese by state Click...
Instructions and Grading Question 1. (3 points total) Below is a histogram of the salaries of...
Instructions and Grading Question 1. (3 points total) Below is a histogram of the salaries of the New York Yankees baseball team in 2011. Use the histogram to answer the following questions. Provided are some summary statistics of the data set. Standard Median Q1 Deviation Minimum Max Mean 03 $414,000 $32,000,000 $6,756,301 $8,468,058 $2,100,000 $559,625 $10,000,000 (1 point) Describe the histogram, commenting on the shape, center and overall spread. (Do your best at estimating what the center would be) a)...
Women’s salaries
(thousands of pounds)
Men’s salaries
(thousands of pounds)
Min
22
26
Median
26.5
30.5
Max
33
36
Mean
27.1
31.7
SD
3.4
3
IQ range
6
3
Range
11
10
a
(ii) Is this an example of continuous or discrete data? (iii) Use the two measures of location to say which gender has the er salary on average (iv) Use all three measures of spread to say which gender has the greater variability in their salary (b) (i)...
6. A sample of employees in a certain company gives the following data about salaries. Answer the questions below based on this data set. $37,000 $95,000 $40,000 $39,750 $37,000 $38,600 (a) Calculate the mean. (b) Find the median. (c) Find the mode. (d) Which measure of central tendency you think best represents the data? Explain WHY.
The descriptive summary of a TV show, the number of minutes audience spend watching in a typical week, is given below Mean St Dev Min Show Time 135.8 177.18 Q1 50 Median Q3 90 150 Max 2000 a) What is the shape of the corresponding histogram? Explain. (symmetric /right-skewed / left-skewed) b) Are there any outliers? Explain. When describing centre and spread, which set of summary c) statistics should be used? Why? (mean and standard deviation or median and IQR)...
Instructions and Grading Question 1. (3 points total) Below is a histogram of the salaries of the New York Yankees baseball team in 2011. Use the histogram to answer the following questions. Provided are some summary statistics of the data set. Standard Median Q1 Deviation Minimum Max Mean 03 $414,000 $32,000,000 $6,756,301 $8,468,058 $2,100,000 $559,625 $10,000,000 (1 point) Describe the histogram, commenting on the shape, center and overall spread. (Do your best at estimating what the center would be) a)...
Q1 According to the journal Chemical Engineering, an important property of a fiber is its water absorbency. A random sample of 20 pieces of cotton fiber was taken and the absorbency on each piece was measured. The following are the absorbency values: 18.71 21.41 20.72 21.81 19.29 22.43 20.17 23.71 19.44 20.50 18.92 20.33 23.00 22.85 19.25 21.77 22.11 19.77 18.04 21.12 Calculate: Sample Mean . Sample Median 10% trimmed Mean Quartiles: Qi, Q2 and Q3 Interquartile range: IQR Q3-Q...
Provide an appropriate response. Find the mean, median, and mode of the following statistic students' test scores 71 74 67 71 64 72 71 65 66 69 15 Calculate the 5-number summary 16. The distribution of salaries of professional basketball players is skewed to the right. Which measure of central tendency would be the best measure to determine the location of the center of the distribution 16). C) mean C)frequency A median B) mode 17 and median? 17 Frequency distributions...
Chapter 2, Section 3, Exercise 108 Five Number Summary for Percent Obese by State Computer output giving descriptive statistics for the percent of the population that is obese for each of the 50 US states, from the USStates dataset, is given in the table below. Descriptive Statistics: Obese Variable N N Mean SE Mean StDev Minimum Median 3 Maximum Obese 50 0 28.766 0.476 3.369 21.300 26.375 29.400 31.150 35.100 Percent of the population that is obese by state Click...
Instructions and Grading Question 1. (3 points total) Below is a histogram of the salaries of the New York Yankees baseball team in 2011. Use the histogram to answer the following questions. Provided are some summary statistics of the data set. Standard Median Q1 Deviation Minimum Max Mean 03 $414,000 $32,000,000 $6,756,301 $8,468,058 $2,100,000 $559,625 $10,000,000 (1 point) Describe the histogram, commenting on the shape, center and overall spread. (Do your best at estimating what the center would be) a)...
Most questions answered within 3 hours.
-
The size of an array declaration must be know by the computer at
_______ time.
runtime...
asked 33 seconds from now -
Discuss at least two examples of scientific methods in
Biology
asked 5 minutes ago -
At a point high in the Earth's atmosphere, He2+ ions in a
concentration of 2.7×1012/m3 are...
asked 18 minutes ago -
Two small, identical conducting spheres repel each other with a
force of 0.025 N when they...
asked 14 minutes ago -
a rock is sliding down a hill. Assume that the hill is 20 meters
high and...
asked 17 minutes ago -
Given X ~ Exp(1/8), we survey 100 at a time and are interested
in the distribution...
asked 9 minutes ago -
You’ve observed the following returns on Yamauchi Corporation’s
stock over the past five years: –28.8 percent,...
asked 19 minutes ago -
Is pursuit of a single-payer system the solution to workforce
challenges? Why or why not? What...
asked 16 minutes ago -
Consider this code below. If this is correct, explain how it
works. If it is not...
asked 18 minutes ago -
Given the pKa values of Lysine (2.2, 9.0 and 10.5), what is
the net charge of...
asked 25 minutes ago -
Which of the following descriptions of correlation is
correct?
Group of answer choices
a) Correlation equals...
asked 26 minutes ago -
Which of the following answers complete the sentence
correctly?
The pyruvate dehydrogenase complex is activated by:...
asked 27 minutes ago