Calculate the average deviation from the mean

Assignment Help Microeconomics
Reference no: EM13206869

a) Calculate the mean of the following 5 numbers: 3, 7, 8, 12, 15

b) Write down any set of numbers. Calculate thier mean, and then the average deviation from the mean.

c) Prove that, for every possible sample of n observations, the average deviation from the mean is exactly zero. Is this also true for deviations from the median?

Reference no: EM13206869

Questions Cloud

Egyptian love poetry what do you think about the poems : Egyptian Love Poetry What do you think about the poems? What are the connections to contemporary love poetry?
Are the events compact and domestic independent : Is there something wrong with the numbers? Explain. Are the events compact and domestic independent?
Would you consider this event likely or unlikely to occur : Membership in a Civic Organization In a civic organization, there are 38 members; 15 are men and 23 are women. If 3 members are selected to plan the July 4th parade, nd the probability that all 3 are women. Would you consider this event likely or ..
Find the limit from the right and the limit from the left : 3x x+2 , if x -2. (a) Find the limit from the right and the limit from the left of f (x) as x approaches -2. (b) Is it possible to define f (-2) so that f is continuous at x = -2?
Calculate the average deviation from the mean : Write down any set of numbers. Calculate thier mean, and then the average deviation from the mean. c) Prov that, for every possible sample of n observations, the average deviation from the mean is exactly zero. Is this also true for deviations fro..
Evaluate the applicability of quotation : How effectively did the Hollywood film industry adjust to societal changes and new forms of competition in the 1950s and early 1960s?
What is the slope of budget line from trading with friday : Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willing to trade 2 fish for every 1 coconut that you are willing to give him. Another neighbor, Kwame, is also a fisherman
What are one-to-one functions : If no horizontal line intersects the graph of the function more than once, then the function is one-to-one. Jiwen He, University of Houston Math 1432 What are One-To-One Functions?
How to mark the mean as the balancing point : the claims for a new long-life battery were justified, a consumers' group tested a random sample of 20 batteries. Each battery was subjected to a standard heavy load until burnout, providing the following 20 lifetimes ( in minutes): 65.1 58.4 64.9..

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the market clearing price -locational marginal price

Consider the following problem: There are two generators in this system and there is a load of 1,000MW. There is only one node in this network.

  Tradeoffs between inflation and the unemployment rate

Use the Phillips Curve to describe the tradeoffs between inflation and the unemployment rate, both in the short-run and in the long-run.

  What is distinguishing characteristic of a public good

A negative externality created by a producer means that from the standpoint of the public's well being and for the producer and his/her industry in question Even a perfectly competitive market may produce too little of a good

  Why did the budget deficits rise sharply in 1991

Why did the budget deficits rise sharply in 1991 and 1992  what explains the ;arge budget surpluses of the late 1900s and early 2000s What caused the swing from the budget surpluses to the series of budget deficits beginning in 2002

  Determining government intervention-externalities

Can you please provide a real-world example of product (a good or service) which has either an external cost or external benefit associated with it and propose the government policy to adjust for the over- or underproduction of this product.

  What do you see as the basic values

What do you see as the basic values that underlie this approach to solving the access to care problem? Do these values align with specific political perspectives?

  What is the discount rate in the banking system

If you had a business exporting goods to Britain, and U.S. inflation fell as discussed above in this example, would you plan to expand production or cut back? Why?

  How to create deposit dollars

If the lending process continues as far as it can possibly go, how many deposit dollars will be created from this initial $1000 deposit?

  Questions on opportunity cost

Economists make decisions by thinking in terms of alternatives. Why do economists thinks there is no such thing as a free lunch?

  Why its important to consider technology for economy

In your paper, compare and contrast how technology has helped build your business and personal relationships versus how technology has weakened those relationships.5.What can you and others do to use technology (including social media) to reduce a..

  Keynes and friedman approach the economy

Differentiate  the way Keynes and Friedman approach the economy. Determine the key differences and similarities?

  Why two managers were overheard arguing

At a management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns." Is this statment correct

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