Refer to the age histogram in part a of Exercise 77 and complete the sentences below with

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Refer to the age histogram in part a of Exercise 77 and complete the sentences below with the proper number. You don’t need to make any detailed calculations. 

Choose the most “reasonable” answer. 

a. The mean age of recent customers is approximately 

i) 18 

ii) 23 

iii) 26 

iv) 31 

b. The median age of recent customers is approximately 

i) 20 

ii) 22 

iii) 27 

iv) 32 

c. The standard deviation of the age distribution is approximately 

i) 3 

ii) 6 

iii) 12 

iv) 18

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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