Question

Describe a data set where the mean would be the most appropriate measure of center. Describe...

Describe a data set where the mean would be the most appropriate measure of center. Describe a data set where the mean is not the most appropriate measure of center. What measure of center should be used and why?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What measure of central tendency is most appropriate for the following data set and why? A...
What measure of central tendency is most appropriate for the following data set and why? A list of insurance charges for all patients receiving in-patient treatment at a hospital. The variable of interest is the cost of treatment.
when using mean to describe the central tendency of a variable, the most appropriate measure to...
when using mean to describe the central tendency of a variable, the most appropriate measure to describe dispersion is
Which measure of center ( Mean, Median, or Mode) may not appear in every data set?
Which measure of center ( Mean, Median, or Mode) may not appear in every data set?
Why is it necessary to measure dispersion to describe a data set?
Why is it necessary to measure dispersion to describe a data set?
1) Describe multiple ways measures of center are affected 2) Describe multiple ways to determine which...
1) Describe multiple ways measures of center are affected 2) Describe multiple ways to determine which measure of center is most appropriate to a given situation (mean vs median in a given situation)
) If the regresion is our measure of the center (the central tendency among a set...
) If the regresion is our measure of the center (the central tendency among a set of x,y data value pairs), what is the measure of spread and how is that calculated?
For which one set of data below would the mean perform best as a measure of...
For which one set of data below would the mean perform best as a measure of the center? 1. Hourly Wages: $15, $35, $200, $12, $17, $22, $19, $19, $21 2. Number of Employees Injured Each Month (Jan - Dec): 19, 31, 28, 35, 32, 27, 29, 38, 37, 30, 26, 0 3. Heights of Male Business Majors (inches): 68.5, 71.0, 73.5, 76.5, 69.5, 69.0, 67.5, 69.0, 74.0, 73.5, 74.5 4. Property Value (thousands of dollars): $265, $255, $149, $176,...
what is the importance of finding the “middle” of a set of data? Each measure of...
what is the importance of finding the “middle” of a set of data? Each measure of the "middle" (the mean, the mode, and the median) has its strengths and weaknesses. In 75-150 words, use everyday examples from work or home to identify cases where 2 of these measures would be good or bad.
Name an example of a real-world data set, not yet mentioned in the course, where you...
Name an example of a real-world data set, not yet mentioned in the course, where you would typically expect to see a normal distribution. Be sure to describe what the labels would be for the horizontal and vertical axis of the display. Then explain why you would expect a normal distribution. What range of data values would you expect to represent 1 standard deviation from the mean?
Describe situations in which the Sharpe Index, Treynor Measure, and Information Ratio would be the appropriate...
Describe situations in which the Sharpe Index, Treynor Measure, and Information Ratio would be the appropriate risk adjustment technique.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT