1. Give your own example to show the effect of mode and the median is nil,...

1. Give your own example to show the effect of mode and the median is nil, but the mean increases if some of the values in a given set of data is changed.

Expert Solution

Definitions:

Mode is the data which is repeated for the maximum number of times in a set of data.

Median is the middle data from the set of data when the data is arranged in ascending order ( least to greatest).

Mean is the average value of all the data in the data set. It is found by adding all the data in the data set and dividing it by the total number of data.

Example showing if some values in a given set of data are changed mode and median remains the same, but mean changes:

Amanda K answered 5 months ago

List and explain briefly mean, median, mode, and standard deviation. Give an example of when it...

List and explain briefly mean, median, mode, and standard deviation. Give an example of when it each term could be used in a real-life situation.

Why Mean, Median and Mode are called centrality measurements? Provide an example in which the Median...

Why Mean, Median and Mode are called centrality measurements? Provide an example in which the Median is a better indicator than the Mean Why Range, Mean Average Deviation, Variance and Standard Deviation are called Dispersion Measurements

In this problem, we explore the effect on the mean, median, and mode of multiplying each...

In this problem, we explore the effect on the mean, median, and mode of multiplying each data value by the same number. Consider the following data set. 4, 4, 5, 8, 12 (a) Compute the mode, median, and mean. mode median mean (b) Multiply each data value by 6. Compute the mode, median, and mean. mode median mean (c) Compare the results of parts (a) and (b). In general, how do you think the mode, median, and mean are affected...

Explain the leverage effect on the Capital market line (CML). Give your own numerical example and...

Explain the leverage effect on the Capital market line (CML). Give your own numerical example and graph.

What is the difference between a mean, median and mode of a dataset? Provide an example...

What is the difference between a mean, median and mode of a dataset? Provide an example of when it would be appropriate to report each of these. What is a standard deviation? Why is it necessary to report both a measure of center and a measure of spread?

Study Guide #9 In this problem, we explore the effect on the mean, median, and mode...

Study Guide #9 In this problem, we explore the effect on the mean, median, and mode of adding the same number to each data value. Consider the data set 4, 4, 5, 8, 12. (a) Compute the mode, median, and mean. (Enter your answers to one decimal place.) mode median mean (b) Add 5 to each of the data values. Compute the mode, median, and mean. (Enter your answers to one decimal place.) mode median mean (c) Compare the results...

a) Give an example of process clash, from your own experience. b) Give an example of...

a) Give an example of process clash, from your own experience. b) Give an example of metrics abuse, from your own experience.

1. Using the following data, find the.. (show work) a. mean b. median c. mode d....

1. Using the following data, find the.. (show work) a. mean b. median c. mode d. range e. standard deviation 936 928 924 880 934 923 878 930 936 2. Make a box-plot for the following data: 34 36 39 43 51 53 62 63 73 79 3. The blood pressure of 40 women have a mean of 110.8 mm hg and a standard deviation of 17.1 mm hg. Is a measurement of 181 mm hg unusual?

Give descriptive statistics about the current COVID-19 crisis (Mean, Mode, Median, Variance, Correlation) with stating your...

Give descriptive statistics about the current COVID-19 crisis (Mean, Mode, Median, Variance, Correlation) with stating your sources.

Give an example of price discrimination from your own experience. Is this an example of perfect...

Give an example of price discrimination from your own experience. Is this an example of perfect price discrimination, group price discrimination, or nonlinear price discrimination?

Question