. The following data give the 2010 gross domestic product (in billions of dollars) for al 50 states. The data entered in alphabetical order by state (Source: Bureau of Economic Analysis).

Question

. The following data give the 2010 gross domestic product (in billions of dollars) for al 50 states. The data entered in alphabetical order by state (Source: Bureau of Economic Analysis).
                                                           173       49    254    103   1901   258    237      62    748   403
                                                             67       55    652    276     143    127    163   219      52    295
                                                           379     384    270      97    244      36      90    126      60    487
                                                             80   1160    425      35    478    148    174    570     49     164
                                                             40     255   1207   115      26    424    340      65    248      39
	Calculate the mean and median for the data.  [16 marks]
Are these values of the mean and median, sample statistics or population parameters? Explain.

MathMate · Accepted Answer

For mean, you add up all numbers and divide by the size of the population.

For median, you need to sort them in increasing order, and take the mean of the two middle numbers (average between 25th and 26th values for N=50).

Since the data represent the whole population, they are not sample statistics.

Anonymous · Answer

273.14