Last year, the average amount that teams for the Statistics Games raised was $375. Have teams been more successful at fundraising this year? To find out, you take a random sample of 36 teams. Your sample of 36 teams yields a mean of $396 and a standard deviation of $70. Might you have made a Type 1 or Type 2 error? A Type 1. This means that we said that the mean amount raised had increased, when it was actually still $375. B You might have made a calculation error. C Neither- we're sure the average has increased. D Type 2. This would mean that we said there was not enough evidence to say the mean had increased from $375, when it actually is higher than $375. E Either kind is possible!
Last year, the average amount that teams for the Statistics Games raised was $375. Have teams been more successful at fundraising this year? To find out, you take a random sample of 36 teams. Your sample of 36 teams yields a mean of $396 and a standard deviation of $70. Might you have made a Type 1 or Type 2 error? A Type 1. This means that we said that the mean amount raised had increased, when it was actually still $375. B You might have made a calculation error. C Neither- we're sure the average has increased. D Type 2. This would mean that we said there was not enough evidence to say the mean had increased from $375, when it actually is higher than $375. E Either kind is possible!
Last year, the average amount that teams for the Statistics Games raised was $375. Have teams been more successful at fundraising this year? To find out, you take a random sample of 36 teams. Your sample of 36 teams yields a mean of $396 and a standard deviation of $70. Might you have made a Type 1 or Type 2 error? A Type 1. This means that we said that the mean amount raised had increased, when it was actually still $375. B You might have made a calculation error. C Neither- we're sure the average has increased. D Type 2. This would mean that we said there was not enough evidence to say the mean had increased from $375, when it actually is higher than $375. E Either kind is possible!
Last year, the average amount that teams for the Statistics Games raised was $375. Have teams been more successful at fundraising this year? To find out, you take a random sample of 36 teams. Your sample of 36 teams yields a mean of $396 and a standard deviation of $70. Might you have made a Type 1 or Type 2 error?
A
Type 1. This means that we said that the mean amount raised had increased, when it was actually still $375.
B
You might have made a calculation error.
C
Neither- we're sure the average has increased.
D
Type 2. This would mean that we said there was not enough evidence to say the mean had increased from $375, when it actually is higher than $375.
E
Either kind is possible!
Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...
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