Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance, and standard deviation for the sample data. Given that these are the top 10​ salaries, do we know anything about the variation of salaries of TV personalities in​ general?   38       37       35       27       19       15       14       11       10.6       9.7     The range of the sample data is ​$nothing   million. ​(Type an integer or a​ decimal.) The variance of the sample data is nothing . ​(Round to two decimal places as​ needed.) The standard deviation of the sample data is ​$nothing   million. ​(Round to two decimal places as​ needed.) Is the standard deviation of the sample a good estimate of the variation of salaries of TV personalities in​ general?     A. ​No, because there is an outlier in the sample data.   B. ​No, because the sample is not representative of the whole population.   C. ​Yes, because the standard deviation is an unbiased estimator.   D. ​Yes, because the sample is random.

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
icon
Concept explainers
Topic Video
Question
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance, and standard deviation for the sample data. Given that these are the top 10​ salaries, do we know anything about the variation of salaries of TV personalities in​ general?
 
38
     
37
     
35
     
27
     
19
     
15
     
14
     
11
     
10.6
     
9.7
 
 
The range of the sample data is
​$nothing
 
million. ​(Type an integer or a​ decimal.)
The variance of the sample data is
nothing
.
​(Round to two decimal places as​ needed.)
The standard deviation of the sample data is
​$nothing
 
million.
​(Round to two decimal places as​ needed.)
Is the standard deviation of the sample a good estimate of the variation of salaries of TV personalities in​ general?
 
 
A.
​No, because there is an outlier in the sample data.
 
B.
​No, because the sample is not representative of the whole population.
 
C.
​Yes, because the standard deviation is an unbiased estimator.
 
D.
​Yes, because the sample is random.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Knowledge Booster
Centre, Spread, and Shape of a Distribution
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE 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