Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Describe the mean standard deviation and range.

Descriptive Statistics.

The Range Rule of Thumb can be utilized to compute quickly an approximate standard deviation for a raw data set. To put on the rule follow the steps below-

1) Find the lowest and highest values.


2) find out the range.

3) Divide the range by 4.

The reason why we completed our calculation by dividing the range by four is that in most data sets 95% of the data values fall within two standard deviations of the mean.

Find the estimated standard deviation, s, for the subsequent set of listed home selling prices. Show your method. Don't use Excel.

$125,500

$131,900

$188,900

$205,750

$181,500

$175,000

$144,800

$250,000

$235,850

$225,000

$248,500

$435,000

$457,500

$166,900

$399,000

$350,000

$221,000

$168,000

$325,000

$112,900

$145,600

$220,500

$140,000

$179,900

$125,900

$230,850

$385,000

$287,500

$121,900

$405,900

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922076

Have any Question? 


Related Questions in Statistics and Probability

Given the following waiting time distribution in a hotel

Given the following waiting time distribution in a hotel, compute the  expected value  of the waiting time in 2 dec pl.    Waiting time (minutes) Probability 4.0            20% 4.5 28% 5.0 32% 5.5 10% 6.0 10%

Repeat given exercise using the following solution concept

Repeat given Exercise, using the following solution concept: divide the estate in a continuous manner equally between the creditors, until one (or more) of the creditors has received his or her entire claim. Continue to ...

Goofys fast food center wishes to estimate the proportion

Goofy's fast food center wishes to estimate the proportion of people in its city that will purchase its products. Suppose the true proportion is 0.07. If 475 are sampled, what is the probability that the sample proportio ...

Prove that if player i believes at the state of the world

Prove that if player i believes at the state of the world ω that the state of the world is consistent, then he believes that every player believes that the state of the world is consistent. Deduce that in this case playe ...

Uncertain scenario-maximizing the meanthe potential

Uncertain Scenario-Maximizing the Mean The potential revenues of all projects are in fact uncertain. The company determines that the revenue for project 1 is following a uniform distribution ranging from $1,200,000 to $2 ...

Mrjassica manager of appliances for midtown department

Mr.jassica, Manager of appliances for midtown department store feels that her inventory levels of stoves have been running higher than necessary. Before revising the inventory policy for stoves she records the number sol ...

1 why do researchers care how much variability exists in a

1. Why do researchers care how much variability exists in a set of data? 2. Distinguish between descriptive and inferential statistics. 3. Conceptually, what does the variance tell us about a set of data?

Find alice and bobs common key k by using the

Find Alice and Bob's common key K by using the Diffle-Hellman-Markle key exchange scheme with the given values of M,n,a and b. M | n | a | b 17 | 7 | 6 | 7 Alice and Bob's common key K is this is a cryptography chart.

Suppose a new student honors societynbspalpha alpha

Suppose a new student honors society, Alpha Alpha Alpha, is going to start at Harvard. Alpha Alpha Alpha aims to be exclusive and only wants the best students.Currently, there are about 10,000 students enrolled at Harvar ...

The number of credits being taken by a sample of 13

The number of credits being taken by a sample of 13 full-time college students are listed below. Find the mean, median, and mode of the data, if possible. If any measure cannot be found or does not represent the center o ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen