Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

By adding Michael Jordan's $30 million the shape of the curve would no longer be bell-shaped but would become positively skewed. Furthermore, the distribution of the annual salaries would no longer be symmetrical as it would be incorporating the $30 million which is an outlier as NBA players do not make any where near this amount annually. The best measure of central tendency for this scenario would be to use median as it is not affected by extremely large values.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9393335

Have any Question?


Related Questions in Statistics and Probability

A stat 200 instructor wants to know if students tend to

A STAT 200 instructor wants to know if students tend to score differently on the lesson 4 and 5 quizzes. Data were collected from a representative sample of 60 students during the Summer 2018 semester. Data were paired b ...

Lets pretend that in a hospital 7 of patients are high-risk

Let's pretend that in a hospital, 7% of patients are "high-risk" while the others are "lower-risk". For patients that are high-risk, 75% will be re-admitted within 30 days. For "lower-risk" patients, the 30day re-admitta ...

A perpetuity pays 4300 at the end of every month for 11

A perpetuity pays $4300 at the end of every month for 11 months of each year. At the end of the 12th month of each year, it pays double that amount. If the effective ANNUAL rate is 9%, what is the present value of this p ...

Two candidates face each other in an election the

Two candidates face each other in an election. The Democratic candidate is supported by 58% of the population, and the Republican candidate is supported by 42%. In other words, if you randomly chose a voter and asked the ...

Assume that the car lot contains 25 percent porches 35

Assume that the car lot contains 25 percent Porches, 35 percent BMWs, and 40 percent Volvos. Of the Porches, 20 percent have navigation systems, 90 percent of the BMWs have navigation systems, and 70 percent of the Volvo ...

The length of timber cuts are normally distributed with a

The length of timber cuts are normally distributed with a mean of 95 inches and a standard deviation of 0.52 inches. In a random sample of 45 boards, what is the probability that the mean of the sample will be between 94 ...

Depaul university makes student ids of length 5 characters

DePaul University makes student IDs of length 5 characters by picking 2 letters from D,E,P,A,U,L; no repetitions and the order is not important followed by picking 3 digits from 0,1,2,3,4,5,6,7,8,9; no repetitions and th ...

A standard 52-card deck of cards is shuffled and then a

A standard? 52-card deck of cards is shuffled and then a hand of 8 cards is dealt from the deck. How many different outcomes are possible that have exactly 3 ?pairs, and all other cards of different? ranks?

The following data represents rain fall x and yield of

The following data represents rain fall (x) and yield of paddy per hectare (y) in a particular area. X 113 102 95 120 140 130 125 Y 1.8 1.5 1.3 1.9 1.1 2.0 1.7 Fit the regression equation x and y. Estimate Y when x= 145. ...

The time between accidents in a day in town a is given by t

The time between accidents in a day in town A is given by T and the time between accidents in a day in town B is given by  S. The joint density function for  T and  S is   f ( t , s )= e^  -( t + s )    , for  t ≥0  and  ...

  • 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