Illustrate what is standard deviation of abovebelow median, Ask an Expert

Management Studies

Q. An analyst has gathered data also counted number of runs with respect to median. There were 60 observations also 22 runs.

Illustrate what is expected number of above/below median runs?
Illustrate what is standard deviation of above/below median runs?
Illustrate what can analyst conclude given this information?

expected number of above/below runs would be

Illustrate what is z score associated with this test?

Is there any evidence of non-random variation? Illustrate what is evidence?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9311812

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