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

An airplane manufacturer currently produces six models of

An airplane manufacturer currently produces six models of airplanes for commercial sale. the airline that lauren works for is rapidly expanding and would like to purchase three airplanes of different models to service va ...

125 wordsexplain the history behind the black soldier of

125 words Explain the history behind the Black Soldier of the Civil War In this forum look beyond the book for information on specific units, soldiers and even the reasons for why Lincoln allowed the African American to ...

Question 67 of laguardia students are female a random

Question: 67% of LaGuardia students are female. A random sample of 6 students is to be selected. Let the random variable X be the number of female students in a sample. a.) Explain why X is a binomial random variable. (F ...

Use a fast food restaurant and for 5 types of food from the

Use a fast food restaurant and for 5 types of food from the restaurant, list the fat grams and its total calories. Is there a linear relationship between the two variables? The double whopper has 900 calories and 56 gram ...

This exercise generalizes exercise 925 let n y fi fii s p

This exercise generalizes Exercise 9.25. Let (N, Y, F I , F II , s, P) be an Aumann model of incomplete information with beliefs in which N = {I, II} and let A ⊆ Y be an event. Consider the following process: Player I in ...

1 the correlation between self-esteem and shyness is -50

1. The correlation between self-esteem and shyness is -.50. Interpret this correlation. 2. Which is larger-a correlation of +.45 or a correlation of -.60? Explain.

Activity first digit phenomenona descriptive statistical

Activity: First Digit Phenomenon A Descriptive Statistical Discovery Instruction Sheet Introduction: Statisticians divide their subject into two major branches. Descriptive Statistics: Based on the concepts and methods n ...

Module assignmentthe paired data below consists of test

Module Assignment The paired data below consists of test scores and hours of preparation for 5 randomly selected students. Use this data set to answer the questions below: x Hours of preparation   5    2    9   6   10 y ...

In this course you will apply statistical analysis tools

In this course, you will apply statistical analysis tools and biomedical research methodologies to health information management processes and cases. Descriptive statistics, nonparametric methods, and inferential concept ...

A psychologist measures units of change for a memory test

A psychologist measures units of change for a memory test after students are given an opportunity to sleep only four hours. The following change units were obtained: 7, -12, 4, -7, 3, -10. Find the a) mean, b) median, c) ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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