Question: Business Week recently reported that L. G. Philips LCD Co. would complete a new factory in Paju, South Korea. It will be the world's largest
.png)
a. Calculate the mean cost for these data.
b. Examine the data presented. Choose an appropriate measure of the center of the data, justify the choice, and calculate the measure.
c. The influence an observation has on a statistic may be calculated by deleting the observation and calculating the difference between the original statistic and the statistic with the data point removed. The larger the difference, the more influential the data point. Identify the data points that have the most and the least influence in the calculation of the sample mean.
606.70 558.2 625.82 533.70 464.37 55 400.56 538.20 531.64 632.14 474.86 567.46 588.39 528.78 610.32 564.7 912.68 475.87 545.25 589.15
Step by Step Solution
3.44 Rating (163 Votes )
There are 3 Steps involved in it
a Average b The 17 th observation is quite larger than the rest of the data ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
645-M-S-D-A (5304).docx
120 KBs Word File
