We have a sample of 10 workers and their wage ($ per hour) as follows. Y...
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We have a sample of 10 workers and their wage ($ per hour) as follows. Y 11 29 40 15 80 71 29 38 16 158 a) Comment on the distribution of the wage. Calculate Mean, Median; Mode, and do you think which is the best center measure for the wage? b) Calculate the standard deviation. Comment on the result that you get. c) Estimate the value of the 60% percentile. d) Is the observation with its value of "158" an outlier? We have a sample of 10 workers and their wage ($ per hour) as follows. Y 11 29 40 15 80 71 29 38 16 158 a) Comment on the distribution of the wage. Calculate Mean, Median; Mode, and do you think which is the best center measure for the wage? b) Calculate the standard deviation. Comment on the result that you get. c) Estimate the value of the 60% percentile. d) Is the observation with its value of "158" an outlier?
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