Select allof the true statements ahout the standard deviation of a quantitative variable. on represents how...
oose the correct interpretation of the standard deviation below. A. The standard deviation represents the sum of the deviations from the mean. B. The standard deviation represents finding the deviation for each observation, squaring each deviation, and then adding them up. C. Since the standard deviation uses the square of the units of measurement for the original data, it is not easy to interpret. D. The standard deviation represents a typical distance of an observation from the mean. Suppose the...
Standard Deviation The standard deviation is a number that measures how far a typical observation is from the mean. Run Applet For this discussion activity, you will use an applet that deals with the standard deviation of a numerical data set. Navigate to the Standard Deviation (Links to an external site.)Links to an external site. applet and follow these instructions: Prepare the applet for use. Select the “Add point” button and enter a value of 0 in the input box,...
4. Standard deviation and risk. The standard deviation o(X) of a random variable is the square root of the variance that is o(X) = Var(X). It characterizes the "spread" of the random variable X. If a random variable X has expected value p and standard deviation o, then X takes values which are on average at distance o from u. Imagine you have the choice to invest in two stock funds: an American fund with a rate return X and...
5.4.1 Question Help A population has a mean = 141 and a standard deviation o = 28. Find the mean and standard deviation of the sampling distribution of sample means with sample size n = 40. The mean is :-), and the standard deviation is 0;=0 (Round to three decimal places as needed.) 5.4.2 Question Help A population has a meanu - 74 and a standard deviation = 8. Find the mean and standard deviation of a sampling distribution of...
Question 12 pts The length of time a person takes to decide which shoes to purchase is normally distributed with a mean of 8.21 minutes and a standard deviation of 1.90. Find the probability that a randomly selected individual will take less than 6 minutes to select a shoe purchase. Is this outcome unusual? Group of answer choices Probability is 0.88, which is usual as it is greater than 5% Probability is 0.12, which is usual as it is not...
4- Variance and Standard deviation (how far the data values lie from the mean) The mean, mode, and median do a nice job in telling where the center of the data set is, but often we are interested in more. For example, a pharmaceutical engineer develops a new drug that regulates iron in the blood. Suppose she finds out that the average sugar content after taking the medication is the optimal level. This does not mean that the drug is...
Refer to the accompanying table, which describes results from groups of 8 births from 8 different sets of parents. The random variable x represents the number of girls among 8 children. Find the mean and standard deviation for the number of girls in 8 births.The mean is μ=6.1 girl(s). (Round to one decimal place as needed.)Table of numbers of girls and probabilitiesNumber of Girls xP(x)00.00510.03320.11230.21940.26050.22260.11370.03380.003
True or False 1 point each) (Correct the ones that are false, carn an extra credit point for each.) The statistical method appropriate for summarizing data depends on whether the data are categorical or quantitative. Whenever a dataset contains extreme values, the mean is preferred over the median as a mcasure ot central location. 1. 2. 3. The recommended number of classes for a frequency distribution is 8. 4. A ste and leaf display can show rank order and shape...
True or False 1 point each) (Correct the ones that are false, carn an extra credit point for each.) The statistical method appropriate for summarizing data depends on whether the data are categorical or quantitative. Whenever a dataset contains extreme values, the mean is preferred over the median as a mcasure ot central location. 1. 2. 3. The recommended number of classes for a frequency distribution is 8. 4. A ste and leaf display can show rank order and shape...
If a histogram is constructed from the following frequency distribution, how many classes will (1 point) it have? Age Frequency 20 23 30 54 40 75 50 32 60 54 70 67 80 87 80 10 o 20 9. Identify a potentially misleading characteristic of a bar graph. (l poi) O one scale begins at some value other than zero O both scales begin at zero there are gaps between the bars there are no gaps between the bars 10....