Asked by Anonymous
(c) The following table shows the values, in thousands of dollars, of 40 randomly selected houses in the city.
34 38 95 110 137 140 155 155 169 207
209 217 274 314 314 323 343 347 349 363
369 373 388 389 397 416 448 450 483 487
488 516 571 595 600 738 762 769 863 1,084
(i) Calculate the sample midrange for the data.
The midrange is 559?
(ii) Explain why the sample midrange might be preferred to the sample mean as an estimator of the population mean.
Is the midrange preferred because the data is skewed?
34 38 95 110 137 140 155 155 169 207
209 217 274 314 314 323 343 347 349 363
369 373 388 389 397 416 448 450 483 487
488 516 571 595 600 738 762 769 863 1,084
(i) Calculate the sample midrange for the data.
The midrange is 559?
(ii) Explain why the sample midrange might be preferred to the sample mean as an estimator of the population mean.
Is the midrange preferred because the data is skewed?
Answers
Answered by
Joe Tallie
idk tbh bro
Answered by
Mottu Pattlu
Me neither bro
Answered by
Correct Answer
The Midrange is 559
Midrange is preferred because mean is skewed by outlier data.
Midrange is preferred because mean is skewed by outlier data.
Answered by
HisokaYugami
Midrange = (Max + Min)/2 = (1084 + 34)/2 = 559
The midrange is preferred because the mean can be heavily affected my single outliers. It also shows us the intensity and direction of the skew in the distribution without drawing a graph.
The midrange is preferred because the mean can be heavily affected my single outliers. It also shows us the intensity and direction of the skew in the distribution without drawing a graph.
Answered by
Your mom
idk either bro bro
Answered by
marin
im trusting you bro
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