Circumstance when the mean is very useful as the average

Assignment Help Basic Statistics
Reference no: EM1387023

The "average" is a commonly reported statistic. This single bit of information can be very informative or very misleading, with the mean and median being the two most commonly reported.

The mean is a useful measure, but it can be misleading. Describe a circumstance when the mean is very useful as the average and a circumstance when the mean is very misleading as the average.

Reference no: EM1387023

Questions Cloud

There are distinct benefits to public health professionals : There are distinct benefits to public health professionals when using decision support and expert systems. As discussed this week in the readings, the increased volume of data
Functionalists and structuralists : Describe how functionalists and structuralists might study a topic in human intelligence. Show how these two approaches illustrate the nomothetic and the idiographic perspectives.
Examine considerations in employment policies : Examine considerations in employment policies, such as sexism, racism and social status as it relates to international trade and the global market.
What is the final temperature of the gas : For no apparent reason, a poodle is running at a constant speed of 3.40 m/s in a circle with radius 2.8m. Let v1 be velocity vector at time t1, and let v2 be the velocity vector at time t2.
Circumstance when the mean is very useful as the average : The mean is a useful measure, but it can be misleading. Describe a circumstance when the mean is very useful as the average and a circumstance when the mean is very misleading as the average.
Benefits of global expansion in the cement industry : Illustrate what are the benefits of global expansion in the cement industry? Explain how do you account for the success of CEMEX's global expansion strategy.
How dui charges of domestic violence and influence career : Sensitive information and may end up in court as technical or expert witness. How can things like a DUI, charges of domestic violence and other items influence your career?
A firm has redesigned its production process : A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit.
Explain your rationale for each recommendation : Make at least three recommendations for improving the use of information systems steering committees in making strategic and budgetary decisions. Explain your rationale for each recommendation.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Fitting of multiple linear regression model

Interpret this data using regression and interpret all the findings, R 2 , F, IV coefficient, and the intercept.

  One population mean-hypothesis test

Then explain your answer to someone who has never had course in statistics (but who is familiar with mean, standard deviation, and Z scores.)

  Level of significance to test either or not the population

A test of hypothesis is conducted at the .05 level of significance to test either or not the population correlation is zero.

  Summary of distribution of life expectancy

Write a brief summary of the distribution of life expectancy.

  Student team examined parked cars using alpha

Student team examined parked cars in 4 different suburban shopping malls. One hundred vehicles were studied in each location. Research question : At α = . 05.

  Determining variance of the population

We are interested in testing to find out whether the variance of the population is vitally more than 0.003

  Differentiating between means using alpha

Using data provided, test if there is a difference between means at alpha =.05.

  Regression model

Multiple choice questions based on multiple regression - Find the coefficient of determination for the above model

  Estimating the expectation

expectation of the statistic that was proposed by Statistician - Based on the information collected in Tasks 1-8, which of the two statistics produces values which tends to be more concentrated about the expectation of the measurement?

  Interpreting coefficient on log

Interpret coefficient on log (salesm). If salesm were to be increased by 20%, what would be estimated change in mktgp? Would this effect be substantive?

  Computing standard deviation

A manufacturing process makes items whose weights are normally distributed. It is known that 22.57% of all the items made weigh between 100 grams up to mean and 49.18% weigh from the mean up to 190 grams. Find out the standard deviation.

  Traditional method of hypothesis testing

Test the given claim using the traditional method of hypothesis testing.

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