Mathematical, what is the difference
between Weighted and Regular Mean?
Technical, they are both averages. How
does each measure uniquely find the center of a distribution?
What does it mean to be part of a profession? What is the
difference between a profession and an occupation? Discuss the
responsibilities of being a member of the nursing profession.
3. Explain the difference between a price-weighted index
and market-weighted index. Is the Dow-Jones considered a
price-weighted or market-weighted index?
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?