Identify whether the bolded number in each statement is a statistic or a parameter.46.67% of American comic book fans are women. __________According to the MVCC website, 67% of MVCC students receive PELL, with an average award of $4,667. ___________A study of 5,000 households in New York State finds the median (average) household income to be $63,000. ___________

Answered: Identify whether the bolded number in…

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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Identify whether the bolded number in each statement is a statistic or a parameter.

46.67% of American comic book fans are women. __________
According to the MVCC website, 67% of MVCC students receive PELL, with an average award of $4,667. ___________
A study of 5,000 households in New York State finds the median (average) household income to be $63,000. ___________

Definition Definition Middle value of a data set. The median divides a data set into two halves, and it also called the 50th percentile. The median is much less affected by outliers and skewed data than the mean. If the number of elements in a dataset is odd, then the middlemost element of the data arranged in ascending or descending order is the median. If the number of elements in the dataset is even, the average of the two central elements of the arranged data is the median of the set. For example, if a dataset has five items—12, 13, 21, 27, 31—the median is the third item in ascending order, or 21. If a dataset has six items—12, 13, 21, 27, 31, 33—the median is the average of the third (21) and fourth (27) items. It is calculated as follows: (21 + 27) / 2 = 24.

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