A company that supplies LP gas for heating keeps data on the low temperature for each day of each month. It sum-marizes these data by finding the mean, median, standard deviation and interquartile range. The company assumesthat people use the LP gas for heat when the temperature is below 70°, so it creates a second set of data by subtract-ing 70 from each daily low temperature. Which of the four summary statistics will change for this second data set?A) mean and median onlyB) mean and standard deviation onlyC) median and IQR onlyD) standard deviation and IQR onlyE) mean, median, standard deviation, and IQR
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
marizes these data by finding the
that people use the LP gas for heat when the temperature
ing 70 from each daily low temperature. Which of the four
A) mean and median only
B) mean and standard deviation only
C) median and IQR only
D) standard deviation and IQR only
E) mean, median, standard deviation, and IQR
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
