Average amount of money spent

Assignment Help Basic Statistics
Reference no: EM132351307

Choose the best answer. Justify for full credit.

(a) The Knot.com surveyed nearly 13,000 couples, who married in 2017, and asked how much they spent on their wedding. The average amount of money spent on was $33,391. The value $33,391 is a:

(i) parameter

(ii) statistic

(iii) cannot be determined from information provided.

(b) A marketing agent asked people to rank the quality of a new soap on a scale from 1 (poor) to 5 (excellent). The level of this measurement is

(i) nominal

(ii) ordinal

(iii) interval

(iv) ratio

Reference no: EM132351307

Questions Cloud

Correlation and regression in regards to research statistics : What are strengths and weaknesses associated with correlation and regression in regards to research statistics?
Find a point estimate for p : Let p represent the proportion of all medical doctors who have a solo practice. Find a point estimate for p. (Use 3 decimal places.)
Research remote managed router service : BN301 - Industry Based Project - Research Project - Remote Managed Router - Environmental scan of industry competitors using similar service for their client
What is the formula to calculate : If one employee uses 74 hours of sick leave and another uses 90, what is the formula to calculate whether the hours used are excessive?
Average amount of money spent : The Knot.com surveyed nearly 13,000 couples, who married in 2017, and asked how much they spent on their wedding. The average amount of money spent
Probability that the sample proportion does not exceed : What is the probability that the sample proportion does not exceed 0.18?
Seasonal pattern to the data : Plot the data on a scatter or line chart. Does there appear to be a seasonal pattern to the data?
What is the number of trials : What is the number of trials (n), probability of successes (p) and probability of failures (q), respectively?
What forms did opposition to slavery take : To examine and discuss major developments in the movement to abolish slavery from the founding of the nation in the late 18th century through emancipation.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd