The pie chart shows the responses of a sample of 336 small business owners who were asked whether their business has a website. Find the mean, the median, and the mode of the data, if possible. If any measure cannot be found or does not represent the center of the data, explain why. Small Businesses I Yes, since 2014 ar eartier 15 I No, neither likely nor unlikely in the future 43 O No, unlikely in the future 51 O No, but likely in 2017 or later 47 No, but plan to in 2016 45 I Yes, since 2015 135 Find the mean. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The mean is. (Round to one decimal place as needed.) O B. The mean cannot be calculated because the sample size is too small. O C. The mean cannot be calculated because the data are at the nominal level of measurement. O D. The mean cannot be calculated because there is an even number of data entries. Does the mean represent the center of the data? Choose the correct answer below. O A. The mean represents the center of the data set. O B. The mean does not represent the center because it is not a data entry. O C. The mean does not represent the center because it is the greatest data entry. Click to select your answer. Save for Later MacBook Air 8
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps