Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Necessity for using measure of central tendency

Describe why is it necessary to have more than one method for measuring central tendency?

Hint: describe need for using each measure for different situations

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M918167

Have any Question?


Related Questions in Statistics and Probability

A carnival game involves a spinner that is designed so that

A carnival game involves a spinner that is designed so that in 20 percent of spins the player will win a prize. A random sample of 100 spins will be observed and the random variable X = number of times in the sample that ...

A sample of 184 randomly selected students found that the

A sample of 184 randomly selected students, found that the proportion of students planning to travel home for Thanksgiving is 0.69. What is the standard deviation of the sampling deviation?

A group of students made the following scores on a 10-item

A group of students made the following scores on a 10-item quiz in psychological statistics: {5, 6, 7, 7, 7, 8, 8, 9, 9, 10, 10} What is the variance, treating these scores as a sample?

1 according to the national health and nutrition

1. According to the National Health and Nutrition Examination Survey, published by the National Center for Health Statistics, the serum (noncellular portion of blood) total cholesterol level of US females 20 years old or ...

Micron technology inc invested into 7 new projects all of

Micron Technology Inc. invested into 7 new projects (all of equal size). For each of these project, there is a 75% probability that the project will have a 12% return and a 25% that it will have a -9% return. Each of the ...

You work for a firm that manufactures dvd players your dvd

You work for a firm that manufactures DVD players. Your DVD players last an average of 800 days with a standard deviation of 200 days. You want to set the warranty length such that you only have to replace 1.5% of all th ...

A new computer system will require an initial outlay of

A new computer system will require an initial outlay of $15,500, but it will increase the firm's cash flows by $3,100 a year for each of the next 7 years. How high can the discount rate be before you would reject the pro ...

54 of public high school students are provided a computer

54% of public high school students are provided a computer by their school district. 40 students are selected at random. The random variable represents the number of students who have been provided a computer by their sc ...

An fbi survey shows that about 70 of all property crimes go

An FBI survey shows that about 70% of all property crimes go unsolved. Suppose that in your town 10 such crimes are committed and they are each deemed independent of each other. What is the expected number of crimes that ...

Given the following values 20 m 16 07 conduct a

Given the following values: = 20, M = 16, = 0.7, conduct a one-sample z test at a .05 level of significance. What is the decision for a two-tailed test? A) to reject the null hypothesis B) to retain the null hypothesis 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As