Question

In: Statistics and Probability

Following are the global sales of the top 40 rap concerts of the 1990’s. Please make...

Following are the global sales of the top 40 rap concerts of the 1990’s. Please make a Stem and Leaf Plot of the data. Then, evaluate the data and without making any explicit calculations, determine which is greater – the median of the distribution or the mean?

Rap Concerts in Millions:

2797

2789

2187

2068

2048

1670

1656

1518

1515

1402

1346

1341

1332

1308

1274

1263

1242

1236

1214

1159

1153

1148

1131

1128

1123

1120

1108

1104

1081

1073

1066

1066

1056

1055

1050

1045

1034

1030

1028

1027

Solutions

Expert Solution

The Stem - Leaf plot is given below -

Stem

Leaf

102

7, 8

103

0, 4

104

5

105

0, 5, 6

106

6, 6

107

3

108

1

110

4, 8

112

0, 3, 8

113

1

114

8

115

3, 9

121

4

123

6

124

2

126

3

127

4

130

8

133

2

134

1, 6

140

2

151

5, 8

165

6

167

0

204

8

206

8

218

7

278

9

279

7

Looking at the plot one can say that,

The Mean of the distribution > The Median of the distribution

because in the first 15 - 20 data values there is relatively smaller dispersion, that is, the data values were all lying in a relatively small range, but in the next half there is a larger dispersion of the values, this set of data values were all lying in a pretty large rage, at least a range bigger than the earlier one.

Since, Median depends more on the position of the data point more than the value of the data point, hence it would be smaller than the mean, which depends on the value of the data point


Related Solutions

Why did political leaders in the 1980's and 1990's make deliberate decisions to integrate markets and...
Why did political leaders in the 1980's and 1990's make deliberate decisions to integrate markets and lower barriers to trade on a global level? What international and US concerns were they responding to at the times?
PLEASE EXPAND YOUR ANSWERS LAMBORGHINI´S Competitor Analysis: Answer the following questions a. Who are their top...
PLEASE EXPAND YOUR ANSWERS LAMBORGHINI´S Competitor Analysis: Answer the following questions a. Who are their top competitors? b. Are their competitors using a similar media strategy? c. Are their competitor’s recent advertising campaigns similar or distinct when compared to your selected brand? d. Are they focused on any specific advertising objectives (increase awareness, change consumers’ beliefs, influence purchase intent, stimulate trial use, create repeat purchasers, cause brand switching, increase sales)? e. From an advertising lens, what are their competitors doing...
Please use the following projections for Top-A1 Inc.: bullet• Total sales of $ 146 comma 000$146,000...
Please use the following projections for Top-A1 Inc.: bullet• Total sales of $ 146 comma 000$146,000 bullet• Cost of goods sold equal to 76.376.3 percent of sales bullet• Total expenses equal to 13.113.1 percent of sales bullet• Tax rate of 3535 percent bullet• Beginning equity of $ 53 comma 400$53,400 bullet• Beginning inventory of $ 12 comma 800$12,800 bullet• Age of ending inventory of 5858 days bullet• Minimum cash balance of $ 10 comma 200$10,200 bullet• Accounts receivable of 3030...
Need to make journal entires Your top sales officer met with a new customer to discuss...
Need to make journal entires Your top sales officer met with a new customer to discuss a potential future contract. She informs you that the customer is considering signing the $200,000 deal, which would become effective February 2020. ACCY1 Accounting Fundamentals Group Project 7 30. On October 1st, you purchased 11,250 units at the decreased price of $61 per unit. The purchase was made on account. 31. On October 10th you paid your supplier $132,000 cash for inventory purchased on...
A rock is projected from the edge of the top of a building with an initial velocity of 40 ft/s at an angle of 53 above the horizontal
A rock is projected from the edge of the top of a building with an initial velocity of 40 ft/s at an angle of 53 above the horizontal. The rock strikes the ground, a horizontal distance of 82 ft from the base of the building. Assume that the ground is 1evel and that the side of the building is vertical. How tall is the building? a) 77 ft (b) 97 ft (c) 90 ft (d) 83 ft
What do you think of the socialism vs capitalism in the global divide? please make it...
What do you think of the socialism vs capitalism in the global divide? please make it long
You are given the following global market data. The world price for a good is 40...
You are given the following global market data. The world price for a good is 40 and the domestic demand-and-supply curves are given by the following equations: Demand: P=100-0.5Q Supply: P=70+0.4Q where P=price and Q=quantity 1. Calculate how much is consumed. 2. Calculate how much is produced in the home economy. 3. Fine the consumer surplus and producer surplus. 4. If a tariff of 20 percent is imposed, by how much do consumption and domestic production change? 5. How much...
Please provide formula! Molecular weight of chemical A is 40. To make 1 liter of 1molar...
Please provide formula! Molecular weight of chemical A is 40. To make 1 liter of 1molar solution, how much should you use? Specify unit. And to make 50militer of 50millimolar solution, how much should you use? To make 100 microliter solution that contains 10mililmolar of compund A,B,C, and D, which are in 100milimolar sotck solution individually, how much sterile water and each compound should you mix? Specify unit A compound came in a tube containing 38.2nanomoles of dry powder. To...
Exerting the appropriate effort to make a sale versus shirking will cost a salesman the equivalent of $40 and will increase her sales effectiveness from 20% to 40%:
  Exerting the appropriate effort to make a sale versus shirking will cost a salesman the equivalent of $40 and will increase her sales effectiveness from 20% to 40%: a. You should offer a commission only if the contribution margin is greater than $200. b. You should pay your sales force an hourly wage only if the contribution margin is greater than $200. c. You should offer a commission only if the contribution margin is greater than $100. d. You...
Please refer to CONCEPTS and THEORIESs in the global business context and real world example(s) from...
Please refer to CONCEPTS and THEORIESs in the global business context and real world example(s) from the course. Q4. Use examples to illustrate what is decoupling . Why is decoupling an urgent concern? Describe the relationship between Decoupling & the Green Economy. What is the major obstacle faced by decoupling? Q5. Describe and discuss 4 kinds of ethical issues in business . Discuss the Stages of Moral Development (Kohlberg’s theory) .
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT