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The amounts of money won by the top ten finishers in a famous car race are listed below.$1,172,246 $163,659 $440,584 $350,634 $290,596$186,731 $145,809 $143,209 $139,096 $125,106(a) Find the mean and median winnings. Round the median to the nearest dollar. (b) Which measure- the mean or the median- best represents the data? Define your reasoning. (c) Explain the shape of the histogram. ( Use the mean and median values)
How can we analyse data with four bilateral response variables measured with errors and three covariated measured without errors?
Statistics Can Lead to Errors The use of statistics can often lead to wrong conclusions or wrong estimates. For example, we may want to find out the average savings by i
Multi stage or Cluster Random sampling Under this method, the random selection is made of primary, intermediate and final units from a given population. The area of investigat
Classification of Universe The universe may be classified either on the basis of number of units and on the basis of existence of units as is clear from the following chart :
Two students are sitting in a lecture and considering whether to ask a question from the professor (both of them are considering the same question). If they both ask, the questi
what is the independent variable in how energetic do people feel after drinking different types of soft drints?
A salesperson visits from house to house to sell her knives. The probability that she makes a sale at a random house is .3. Given that she makes a sale, the sale is worth $100 with
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Simple Random Sampling In Simple Random Sampling each possible sample has an equal chance of being selected. Further, each item in the entire population also has an equal chan
Definition of Correlation According to prof, king correlation means that between two series or group of data there exists some casual connection prof, king has also exp
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