In September of a certain year, the first several stock prices on a long list are...

 

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In September of a certain year, the first several stock prices on a long list are recorded. The prices (in dollars) are as follows. 103.12, 127.09, 760.16, 15.75, 99.63, 56.23, 86.22, 48.70, 39.73, 30.12, 66.64, 86.83, 35.44, 59.53, 5.88 (a) Which measure of central tendency is most representative of this data set? (b) The value $760.16 is clearly an outlier in the data set. If we did not include it, the data set would be the following. 103.12, 127.09, 15.75, 99.63, 56.23, 86.22, 48.70, 39.73, 30.12, 66.64, 86.83, 35.44, 59.53, 5.88 Which measure of central tendency would be most representative now? (c) What type of sampling was used to collect the data in the sample? (d) Instead of using this method of sampling, it was suggested that a new sample be taken using a computer generator to randomly select 10 stocks prices. The prices are 17.04, 12.40, 104.48, 28.85, 126.88, 49.78, 362.77, 51.90, 110.56, and 108.85. What is the median of the data set? $ In September of a certain year, the first several stock prices on a long list are recorded. The prices (in dollars) are as follows. 103.12, 127.09, 760.16, 15.75, 99.63, 56.23, 86.22, 48.70, 39.73, 30.12, 66.64, 86.83, 35.44, 59.53, 5.88 (a) Which measure of central tendency is most representative of this data set? (b) The value $760.16 is clearly an outlier in the data set. If we did not include it, the data set would be the following. 103.12, 127.09, 15.75, 99.63, 56.23, 86.22, 48.70, 39.73, 30.12, 66.64, 86.83, 35.44, 59.53, 5.88 Which measure of central tendency would be most representative now? (c) What type of sampling was used to collect the data in the sample? (d) Instead of using this method of sampling, it was suggested that a new sample be taken using a computer generator to randomly select 10 stocks prices. The prices are 17.04, 12.40, 104.48, 28.85, 126.88, 49.78, 362.77, 51.90, 110.56, and 108.85. What is the median of the data set? $

Answer rating: 100% (QA)

Ansa Lets calculate the mean median and mode for the given data set Given data set 10312 12709 76016 1575 9963 5623 8622 4870 3973 3012 6664 8683 3544 5953 588 1 Mean Mean 10312 12709 76016 1575 9963 ... View the full answer