Find the (a) mean, (b) median, (c) mode, and (d) midrange for the data and then (e) answer the given questions. Listed below are the highest amounts of net worth (in millions of dollars) of all celebrities. What do the results tell us about the popu 285 190 185 180 175 175 160 160 160 160 e ... a. Find the mean. The mean is sO million. (Type an integer or a decimal rounded to one decimal place as needed.) b. Find the median. The median is sO million. (Type an integer or a decimal rounded to one decimal place 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) $ million. (Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.) O B. There is no mode

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Find the (a) mean, (b) median, (c) mode, and (d) midrange for the data and then (e) answer the given questions.
Listed below are the highest amounts of net worth (in millions of dollars) of all celebrities. What do the results tell us about the population of all celebrities? Based on the nature of the amounts, what can be inferred about their precision?
285 190 185 180 175 175 160 160 160 160 O
.....
a. Find the mean.
The mean is $ million.
(Type an integer or a decimal rounded to one decimal place as needed.)
b. Find the median.
The median is S million.
(Type an integer or a decimal rounded to one decimal place 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) $
million.
(Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.)
O B. There is no mode.
d. Find the midrange.
The midrange is $
million.
(Type an integer or a decimal rounded to one decimal place as needed.)
e. What do the results tell us about the population of all celebrities?
O A. The results tell us that the most common celebrity net worth is the mode, but all other celebrities are expected to have net worths approximately equal to the mean, median, or midrange.
O B. Apart from the fact that all other celebrities have amounts of net worth lower than those given, nothing meaningful can be known about the population.
Transcribed Image Text:Find the (a) mean, (b) median, (c) mode, and (d) midrange for the data and then (e) answer the given questions. Listed below are the highest amounts of net worth (in millions of dollars) of all celebrities. What do the results tell us about the population of all celebrities? Based on the nature of the amounts, what can be inferred about their precision? 285 190 185 180 175 175 160 160 160 160 O ..... a. Find the mean. The mean is $ million. (Type an integer or a decimal rounded to one decimal place as needed.) b. Find the median. The median is S million. (Type an integer or a decimal rounded to one decimal place 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) $ million. (Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.) O B. There is no mode. d. Find the midrange. The midrange is $ million. (Type an integer or a decimal rounded to one decimal place as needed.) e. What do the results tell us about the population of all celebrities? O A. The results tell us that the most common celebrity net worth is the mode, but all other celebrities are expected to have net worths approximately equal to the mean, median, or midrange. O B. Apart from the fact that all other celebrities have amounts of net worth lower than those given, nothing meaningful can be known about the population.
e. What do the results tell us about the population of all celebrities?
A. The results tell us that the most common celebrity net worth is the mode, but all other celebrities are expected to have net worths approximately equal to the mean, median, or midrange.
O B. Apart from the fact that all other celebrities have amounts of net worth lower than those given, nothing meaningful can be known about the population.
O c. The results tell us that all celebrities are expected to have amounts of net worth approximately equal to one of the measures of center found in parts (a) through (d).
O D. Apart from the fact that all other celebrities have amounts of net worth lower than those given, the results in parts (a), (b), and (d) do not given meaningful results. However, the result from part (c) shows that the most common celebrity net worth is
equal to the mode.
Based on the nature of the amounts, what can be inferred about their precision?
O A. Since celebrity information is public, these values can be assumed to be unrounded.
O B. The values are all whole numbers, so they appear to be accurate to the nearest whole number.
O C. The values all end in 0 or 5, so they appear to be rounded estimates.
O D. Since no information is given, nothing can be said about the precision of the given values.
Transcribed Image Text:e. What do the results tell us about the population of all celebrities? A. The results tell us that the most common celebrity net worth is the mode, but all other celebrities are expected to have net worths approximately equal to the mean, median, or midrange. O B. Apart from the fact that all other celebrities have amounts of net worth lower than those given, nothing meaningful can be known about the population. O c. The results tell us that all celebrities are expected to have amounts of net worth approximately equal to one of the measures of center found in parts (a) through (d). O D. Apart from the fact that all other celebrities have amounts of net worth lower than those given, the results in parts (a), (b), and (d) do not given meaningful results. However, the result from part (c) shows that the most common celebrity net worth is equal to the mode. Based on the nature of the amounts, what can be inferred about their precision? O A. Since celebrity information is public, these values can be assumed to be unrounded. O B. The values are all whole numbers, so they appear to be accurate to the nearest whole number. O C. The values all end in 0 or 5, so they appear to be rounded estimates. O D. Since no information is given, nothing can be said about the precision of the given values.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman