Answered: The following data said shows the bank…

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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The following data said shows the bank account balance for a random sample of 17 IRSC students. Round solution to two decimal places if necessary. What is the mean of this data set? Mean= What is the median of this data set? Median= What is the mode of this data set if no modes exist type DNE. if multiple modes exist enter the values in a comma separated lists Mode=

106
14 241
293
241
209
84 -2
84
84
293
84
293
293
241
298
-8

Definition Definition Measure of central tendency that is the value that occurs most frequently in a data set. A data set may have more than one mode if multiple categories repeat an equal number of times. For example, in a data set with five item—3, 5, 5, 29, 473—the mode is 5 because it occurs twice and no other value occurs more than once. On a histogram or bar chart, the element with the highest bar represents the mode. Therefore, the mode is sometimes considered the most popular option. The mode is useful for nominal or categorical data (e.g., the most common color car that users purchase), but it is problematic for continuous data because it is more likely not to have any value that is more frequent than the other.

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