What is the most informative (useful) measure of central tendency of the yearly income ofemployees at MegaNational Corporation? Yearly income of 10 employees: $1,000,000, $750,000,$20,000, $20,000, $20,000, $20,000, $20,000, $20,000, $20,000, $15,000.The median, because the highest incomes will skew the mean.The standard deviation, because the most informative information is how far an income is from the mean.The mean, because the "average" tells us how much a typical employee will be paid.The range, because it allows us to determine the lowest and highest incomes in the company.

It is given that the statement about to the measure of central tendency. Here, need to find out the…

Answered: What is the most informative (useful)…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Employee Salary (K$) CEO 299 CTO 250 CIO 250 CFO 290 Manager 77 Manager 123 Manager 84 Manager 63 Manager 68 Manager 49 Manager 82 Manager 87 Supervisor 42 Supervisor 37 Supervisor 29 Supervisor 43 Supervisor 51 Supervisor 38 Supervisor 33 Supervisor 42 Supervisor 49 Worker 25 Worker 19 Worker 41 Worker 17 Worker 26 Worker 25 Worker 21 Worker 28 Worker 27 Look at the data and answer the questions. -what percentage of the employees make more than the mean salary? -what percentage of the employees make more than the median salary? -what percentage of the employees make more than the mode salary? -in his radio show A Prairie Home Companion host Garrison Keillor regularly tells his audience about Lake Wobegon, where "all the children are above average". Is that possible, with any of the meanings of "average"?
See image below
Please write clearly. Thank you.
Think of your own example of a data set that would follow a normal distribution and explain why.
The following refer to the following data set: 43 49 26 76 96 66 35 49 81 73 What is the mean (¯xx¯) of this data set?mean = (Please show your answer to one decimal place.)What is the median of this data set?median = What is the mode of this data set?mode =
what is the mean of the data set?
These data are the number of on-campus burglaries reported in a given year for nine western Pennsylvania universities. 16 10 4 16 9 8 12 5 16 For the above data set, find the mean, median, midrange, and mode. Round to one decimal place, if necessary.
The distribution of yearly income of people (thousand $) was as follows: Class <31 31-40 41-50 51-60 61-70 71-30 81-90 91-100 101-110 111-120 Frequency 7 13 5 12 23 7 10 4 14 3 Find the mean, median, and mode for the given data
The following table displays the ages of female actors when they starred in their award-winning performances. Ages of Female Award Recipients 40 41 35 33 29 27 30 34 29 74 35 28 32 45 61 49 49 32 37 39 33 60 33 45 21 27 67 42 26 26 25 34 45 81 36 54 Find the mean and the median for the data in the table. (Round your mean to one decimal place.) mean median
Over the first five years of owning her car, Gina drove about 12,700 miles the first year, 15,478 miles the second year, 12,675 the third year, 11,850 the fourth year, and 13,075 the fifth year. a. Find the mean, median, and mode of this data. b. Explain which measure of central tendency will best predict how many miles Gina will drive in the sixth year. a. mean= 12,700; median= 13,156; no mode; the mean is the best choice because it is representative of the entire data set. b. mean= 13,156; median= 12,700; mode= 3,628; the median is the best choice because it is not skewed by the high outlier. c. mean= 13,156; median= 12,700; no mode; the mean is the best choice because it is representative of the entire data set. d. mean= 13,156; median= 12,700; no mode; the median is the best choice because it is not skewed by the high outlier.
A shopper at a local supermarket has spent these amounts in his last eight trips to the store: $32.92, 14.14, 30.80, 28.34, 75.58, 36.33, 33.51, and 22.94. Which statement about deleting the amount spent of $75.58 is false? a. The median of this data set may be more representative of the mean. b. The value of the mean would be reduced by $5.89. c. The value of the mean would not change. d. The value of the mean would be greatly reduced.
The following refer to the following data set: 24 35 98 30 91 40 93 40 57 39 What is the mean () of this data set? mean = (Please show your answer to one decimal place.) What is the median of this data set? median = What is the mode of this data set? mode =

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

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

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS