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 the amounts, what can be inferred about their precision? 270 195 180 170 160 160 150 150 150 150 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 $ 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.)

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Author:Amos Gilat
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Chapter1: Starting With Matlab
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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 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).
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.
C. 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.
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?
A. The values are all whole numbers, so they appear to be accurate to the nearest whole number.
B. Since celebrity information is public, these values can be assumed to be unrounded.
C. Since no information is given, nothing can be said about the precision of the given values.
D. The values all end in 0 or 5, so they appear to be rounded estimates.
Transcribed Image Text: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 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). 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. C. 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. 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? A. The values are all whole numbers, so they appear to be accurate to the nearest whole number. B. Since celebrity information is public, these values can be assumed to be unrounded. C. Since no information is given, nothing can be said about the precision of the given values. D. The values all end in 0 or 5, so they appear to be rounded estimates.
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?
270
195
180
170
160
160
150
150
150
150
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 $
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.
A. The mode(s) is(are) $
million.
(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 $ million.
(Type an integer or a decimal rounded to one decimal place as needed.)
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? 270 195 180 170 160 160 150 150 150 150 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 $ 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. A. The mode(s) is(are) $ million. (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 $ million. (Type an integer or a decimal rounded to one decimal place as needed.)
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