Question

In: Statistics and Probability

Price: $25 $18 $20 $20 $30 $22 $26 What is the mean price for an adult...

Price: $25 $18 $20 $20 $30 $22 $26

What is the mean price for an adult haircut?

What is the median price for an adult haircuit?

What is the mode price for an adult haircut? Compute the 60th percentile. What does this value mean?

Compute the second quartile. What does this value mean?

What is the variance for the prices?

What is the standard deviation?

Solutions

Expert Solution

a)

b)

c)

d) Second Quartile is Q2 = Median = 22

e)

f) SD = Sqrt (17.6667) = 4.2032


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