Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Applied Statistics Expert

Discussion 1 (CHOOSING THE BEST MEASURE) Suppose you applied to be a waiter or waitress at a local restaurant and asked the manager what a typical dinner shift was like, How might the manager describe the typical size of a party at a table? The mode would be useful, since there are a few repeated values. You might have an occasional table for 20, but, for the most part, parties consist of one to five people. What if you asked for the typical size of a check, so you could estimate your tips? The mode makes no sense, since you would not likely have many repeats, and the mean is natty (Sorted by that table for 20, but the median tells you that half the time you can expect to earn a certain amount of money in tips. Now suppose you were a real estate agent and you were asked by a client about the "typical" home in a subdivision. Being the astute agent you are, you have gathered the following information on each house in the subdivision: Price, square footage, numbers of bedrooms, number of bathrooms, and age. What statistic (mean, median, or mode) would you use to describe each aspect of the typical home and why? Try to imagine the type of answers you would be giving your client based on your selections for a subdivision that has 100 homes with a wide variety of sizes and prices.

Post a complete response to the question

Given the nature of tons question, no commenting to others is requires/for credit but is certainly welcome.

Discussion 2 (TRUSTING STATISTICS) Do you always trust the statistics you see in print?

How about the ones you hear on the news or on your favorite talk show? What makes the statistics credible For this question, I want you to tell me what personal criteria you would (or should) use to determine if' you should believe reported statistics. Be specific, giving examples as needed,

Post a complete response to the question

Reply in a scholarly and substantive manner to at least one of your classmates

Only Discussion 1- 300 words Discussion 2- 300 words

Applied Statistics, Statistics

  • Category:- Applied Statistics
  • Reference No.:- M92571444
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Applied Statistics

Assessment task -you become interested in the non-skeletal

Assessment Task - You become interested in the non-skeletal effects of vitamin D and review the literature. On the basis of your reading you find that there is some evidence to suggest that vitamin D deficiency is linked ...

Question - go to the website national quality forum nqf

Question - Go to the website, National Quality Forum (NQF), located in the Webliography, and download the article by WIRED FOR QUALITY: The Intersection of Health IT and Healthcare Quality, Number 8, MARCH 2008. You are ...

Medical and applied physiology experimental report

Medical and Applied Physiology Experimental Report Assignment - Title - Compare the working and spatial memory by EEG. 30 students were tested (2 memory games were played to test their memory - a card game and a number g ...

Business analytics and statistics research report -this

Business Analytics and Statistics Research Report - This assignment is based on fictional data. You are creating a business report for the CEO of a retail company called, Athlete Panda. It must be professional in present ...

Assignment -a psychologist was interested in evaluating the

Assignment - A psychologist was interested in evaluating the effectiveness of a domestic violence prevention program in changing attitudes towards domestic violence in a sample of high school students. The psychologist r ...

Business data analysis computer assignment -part 1

Business Data Analysis Computer Assignment - PART 1 - Economists believe that high rates of unemployment are linked to decreased life satisfaction ratings. To investigate this relationship, a researcher plans to survey a ...

Go to the webliography source for the national cancer

Go to the Webliography source for the National Cancer Institute's Surveillance, Epidemiology, and End Results (SEER) Program. In the Fast Stats, create your own cancer statistical report, "Stratified by Data Type," and u ...

You are expected to work in groups and write a research

You are expected to work in groups and write a research report. When you work on your report, you need to use the dataset, and other sources such as journal articles. If you use website material, please pay attention to ...

Assignment -for each of the prompts below report the

Assignment - For each of the prompts below, report the appropriate degrees of freedom, t statistic, p-value and plot using the statistical software platform of your choice (R/STATA) 1) A sample of 12 men and 14 women hav ...

Quantitative methods in health statistical analysis report

Quantitative Methods in Health Statistical Analysis Report - Question 1 - Are you a Lark or an Owl? Studies indicate that about 10% of us are morning people (Larks) while 20% are evening people (Owls) and the rest are no ...

  • 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