ch 3 bus stats Actual Exam With Correct Detailed Answers.
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Course
MNM
Institution
MNM
if two groups of numbers have the same mean, then - correct answer other measures of location need not be the same.
the geometric mean of 3,5 and 6 is - correct answer 4.48
(3)(5)(6)=90
cube root of 90= 4.48
the valu...
if two groups of numbers have the same mean, then - correct answer other
measures of location need not be the same.
the geometric mean of 3,5 and 6 is - correct answer 4.48
(3)(5)(6)=90
cube root of 90= 4.48
the value which has half the observations above it and half the observations above it is called the -
correct answer median
from a population size of 500, a random sample of 50 items is selected. the mode of the sample - correct
answer can be larger, smaller, or equal to the mode of the population
The closing stock price of MNM Corporation for the last 7 trading days is shown below.
Day Stock Price
1 24
2 27
3 24
4 28
5 25
6 30
7 31
The mode is - correct answer 24
when computing the mean, the smallest value - correct answer can be any value
, which of the following symbols represents the mean of the population? - correct answer
,u
A mean computed in such a way that each data value is given a weight reflecting its importance is
referred to as - correct answer weighted mean
the mean of the sample - correct answer can assume any value between the highest
and the lowest value in the sample.
the 75th percentile is referred to as the _______ quartile - correct answer third
the measure of dispersion which is not measured in the same units as the original data is - correct
answer variance
the symbol 0^2 is used to represent the - correct answer variance of the population
which of the following descriptive statistics is not measured in the same units as the data - correct
answer variance
the measure of variability easiest to compute, but seldom used as the only measure, is the - correct
answer range
the coefficient of variation indicates how large the standard deviation is relative to the - correct answer
mean
the symbol 0 is used to represent the - correct answer the standard deviation of the
population
When the data are skewed to the right, the measure of Skewness will be - correct answer
positive
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