5.2 Buy or Sell a Car2. Jeff is looking to sell his Camaro. He compiles these prices from the newspaper for cars just like his:$2,800; $17,600; $21,000; $19,900; and $23,000.a. Why is it more reasonable for Jeff to use the median, rather than the mean, to get a reasonableestimated price for his car?b. What is the difference ($) between the mean and the median?How bror ortSIT

Jeff is looking to sell his Camaro. He compiles these prices from the newspaper for cars just like…

Answered: a. Why is it more reasonable for Jeff…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A business reports that their average salary is over $91,000, the simple mean of the salaries listed in the chart. Alternatively, instead of a simple mean, the business could report the median, or the mode. Which would be the most useful to someone deciding whether to apply for an entry level job at this business? Job Number of Employees Salary Line workers 10 $30,000 Office manager 1 $45,000 CEO 1 $200,000 Select one: a. Simple mean is best b. Simple mean and median are nearly equal numerically. They are equally good for this purpose and better than the other options. O c. Simple mean and mode are equally good for this purpose and better than the other options. d. Median and mode are about equally good for this purpose and better than other options.
Judging by the shape of the histogram, would it be appropriate to use the mean as the measure of the center or would it be best to use the median?
In a survey that asked individuals about their favorite styles of music, 37 replied rock, 27 said they preferred pop music, 14 stated they like classical music the most, and 3 individuals stated they preferred opera. Based on this data, what would be the mode? Why couldn’t the mean or median be used to describe this set of values?
A shopper at a local supermarket has spent these amounts in his last eight trips to the store: $32.92, 14.14, 30.80, 28.34, 75.58, 36.33, 33.51, and 22.94. Which statement about deleting the amount spent of $75.58 is false? a. The median of this data set may be more representative of the mean. b. The value of the mean would be reduced by $5.89. c. The value of the mean would not change. d. The value of the mean would be greatly reduced.
Find the (a) mean, (b) median, (c) mode, and (d) midrange for the data and then (e) answer the given question. Listed below are the amounts (dollars) it costs for marriage proposal packages at different sports venues. Are there any outliers? 49 50 50 50 55 55 75 85 90 115 150 150 225 234 275 275 300 325 400 475 475 475 475 1500 2500 a. Find the mean. The mean is $ (Type an integer or a decimal rounded to two decimal places as needed.) b. Find the median. The median is $. (Type an integer or a decimal rounded to two decimal places as needed.) c. Find the mode. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The mode(s) is(are) $ (Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.) OB. There is no mode.
A pollster wants to know the average income of those who supported John McCain for president. He asks 100 supporters and calculates a mean of $67,543. Is this mean x overbar or mu ? A. mu , because it is calculated based off data from the entire population.. B. x overbar , because it is calculated based off data from the entire population. C. mu , because it is calculated based off data from a sample. D. x overbar , because it is calculated based off data from a sample.
Please help
The following questions refer to this data set: 39 72 84 34 20 87 26 59 85 85 What is the mean of this data set? mean = (Round your answer to one decimal place if necessary.) What is the median of this data set? median = What is the mode of this data set? mode =
Is it possible to find the mean and median in the categorical data or frequency bar graph?
The following refer to the following data set: 84 75 75 94 95 99 What is the mean () of this data set? mean = What is the median of this data set? median = What is the mode of this data set? mode = 57 72 36 28 78 (Please show your answer to one decimal place.) Textbook Measures of Center
The Value of houses in New york are as follows (as a sample) Value of Houses ($) Number of Houses 500 5 2000 10 3500 12 5000 18 6000 20 Find out the mean and Median
An insurance company crashed four cars of the same model at 5 miles per hour. The costs of repair for each of the four crashes were $444, $447, $470, and $207 O. Compute the mean, median, and mode cost of repair. Compute the mean cost of repair. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The mean cost of repair is $ (Round to the nearest cent as needed.) O B. The mean does not exist. Compute the median cost of repair. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The median cost of repair is $ (Round to the nearest cent as needed.) O B. The median does not exist. Compute the mode cost of repair. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The mode cost of repair is $ (Round to the nearest cent as needed.) O B. The mode does not exist.

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a. Why is it more reasonable for Jeff to use the median, rather than the mean, to get a reas estimated price for his car? b. What is the difference ($) between the mean and the median?