According to the Bureau of Labor Statistics, the average annual salary of a worker in Detroit, Michigan, is $30,468. Suppose the median annual salary for a worker in this group is $36,481 and the mode is $38,258.
Selet the right answer from the bracket
a. Is the distribution of salaries for this group skewed? If so, how and why? Since these three measures are not equal, the distribution is (Skewed/not skewed)
The distribution is (Skewed / Skewed to the left / Skewed to the right) because the mean is (greater / smaller) than the median
b. Which of these measures of central tendency would you use to describe these data? Why? Often, the (median/average/mode) s preferred in reporting income data because it yields information about the (extremes of the data while ignoring middle / middle of the data while ignoring extremes)
According to the Bureau of Labor Statistics, the average annual salary of a worker in Detroit,...
The following list contains the average annual total returns (in percentage points) for 23 mutual funds. The mutual funds appear in an online brokerage firm's "all-star" list. -9, -3, -2, 1,4,5,6,9, 11, 11, 14, 14, 15, 17, 19, 21, 22, 22, 26, 28, 34, 34, 39 Send data to Excel Frequency 4 40 10 0 10 20 30 Annual total retum (in percent) Mean (a) Which measures of central Median tendency do not exist for this data Mode set? Choose...
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