Question: I need help answering this question Assignment 7.1: Mean, Median, Mode, and Outliers (continued) 3. Consider the following statistics for an NHL hockey team. The

I need help answering this question

Assignment 7.1: Mean, Median, Mode, and Outliers (continued) 3. Consider the following statistics for an NHL hockey team. The mean salary for 37 players on a NHL hockey team is $1,990,000. However, 65% of players have a smaller salary than the mean salary. The mode salary is $500,000 and the median salary is $950,000. The lowest salary is $420,000 and the highest salary is $7,000,000. a) If the mean, median, and mode are all measures of central tendency, why are they significantly different values? (1 mark) b) As the $7,000,000 salary is an outlier, what effect does this have on the mean? (I mark) c) What statistic should this hockey team provide to the media to represent its typical salary value? Explain. (1 mark) continued Module 7: Statistics 31

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

ber81438_exr_001-068.qxd 8/11/09 7:38 PM Page 51 EXERCISE 10.3: D EVELOPING AN E MPLOYEE B ENEFITS P ROGRAM * Overview Chapter 10 provides an overview of types of employee benefits programs. The...

Week 1 Lecture 1 Class Approach to Statistics Statistics is basically a set of tools that allow us to get information out of data sets (we will get to the more formal definition below). As such, it...

Ch 3 Review Worksheet Due 9 1. The website Numbeo.com collected data on the price of milk from a sample of countries around the world in July 2020. The first 5 countries' values are showing as well...

Journal of Autism and Developmental Disorders, Vol. 32, No. 3, June 2002 ( 2002) Descriptive Epidemiology of Autism in a California Population: Who Is at Risk? Lisa A. Croen,1,3 Judith K. Grether,1...

please help me:- Student GPAs Consider the set of all students enrolled in your statistics course this term. Suppose you're interested in learning about the current grade point averages (GPAs) of...

Compensation for Sales Professionals A local company of sales professionals in Abu Dhabi conducted a survey of its employees to study the relationship, if any, between the years of experience, and...

Study Guide Healthcare Statistics By Jacqueline K. Wilson, RHIA About the Author Jacqueline K. Wilson is a Registered Health Information Administrator (RHIA) who has more than ten years of experience...

I need to see the SPSS output. You need to have all z-scores, all charts, all descriptives data from SPSS, everything you used to answer the questions. I am sending you what the previous tutor sent...

Describing Data Once we have collected data from surveys or experiments, we need to summarize and present the data in a way that will be meaningful to the reader. We will begin with graphical...

Western Region Original Price Sale Price Days to Sell 82 60 20 140 123 26 80 70 16 89 50 72 135 120 18 146 143 109 80 80 79 125 100 130 70 60 100 81 52 96 103 95 14 118 100 33 136 100 101 101 50 55...

A thin rod of length 0.75 m and mass 0.42 kg is suspended freely from one end. It is pulled to one side and then allowed to swing like a pendulum, passing through its lowest position with angular...

1. Define and initializes one dimensional and two dimensional array with example. 2. Show the memory allocation of a one dimensional and a two dimensional array.

Using an excel spreadsheet, you receive a penny in year 1 , and the amount doubles each year until year 3 0 . send spreadsheet as a file

The advantages of NPV are all of the following EXCEPT A. It assumes IRR as reinvestment rate. B. it allows the comparison of benefits and costs in a logical manner through the use of time value of...

Dan Daily, purchasing manager for the ValueMax supermarket chain, has requested a 10 percent discount on the cost of the 25,000-unit shipment of paper grocery bags delivered to his warehouse last...

Sampsons Audio is a regular advertiser in your newspaper, The Sunday Star. The companys 4- by 6-inch ad has been a fixture on page 2 of the Local section for five years. Last week, another advertiser...

Dave Barr, owner of Barr Hardware, has contacted your company about a shipment of 500 bags of lawn fertilizer that he received last week. He stated that 48 bags were torn and not saleable.He would...