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 65 85 100 115 150 150 225 234 300 300 400 450 475 550 550 550 550 2000 3000 a. Find the mean. The mean is $nothing. (Type an integer or a decimal rounded to two decimal places as needed.) b. Find the median. The median is $nothing. (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. A. The mode(s) is(are) $nothing. (Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.) B. There is no mode. d. Find the midrange. The midrange is $nothing. (Type an integer or a decimal rounded to two decimal places as needed.) e. Are there any outliers? Choose the correct answer below.
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.
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