Question: The data in the next table, compiled by the Center for International Trade Development (CITD), provide a listing of the top 30 U.S. export markets

The data in the next table, compiled by the Center for International Trade Development (CITD), provide a listing of the top 30 U.S. export markets for sparkling wines. Descriptive statistics for the amount exported (thousands of dollars) and 3-year percentage change for the 30 countries are shown in the Minitab printout below.
The data in the next table, compiled by the Center
The data in the next table, compiled by the Center

a. Locate the mean amount exported on the printout and practically interpret its value.
b. Locate the median amount exported on the printout and practically interpret its value.
c. Locate the mean 3-year percentage change on the printout and practically interpret its value.
d. Locate the median 3-year percentage change on the printout and practically interpret its value.

Descriptive Statistics: EXPORT, CHANGE Variable Hean StDev Minsmum 1 Median 3 Maximum IQR EXFORT 306531113 CHANGE 28 2 4812098 0 105 23 523 452 1 5750 47 -49 21 156 499 Top 30 U.S. Sparkling Wine Export Markets 3-Year Change (%) $ Thousands) Mexico Cayman Islands United Kingdom Netherlands Germany 4952 3714 2104 1576 1041 807 645 71.9 -16.9 143.2 280.7 465.8 550.8 658.8 20.5 -48.7 France 449 351 350 339 3419 272 5750 21.5 539.6 505.9 159 114.8 -31.6 1223.5 478.8 0.8 1490.9 NA 4478 NA 41.8 20.7 193.5 51 242.9 153,6 -16.7 lamaica China Taiwan Colombia Hong Kong Aruba 229 225 191 181 175 170 126 106 103 92 91 74 72 71 70 Haiti Switzerland Trinidad &Tobago Costa Rica Slovenia Neth. Antilles Bahamas New Zealand Honduras Philippines Belgium

Step by Step Solution

3.55 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a The mean amount exported on the printout is 653 This means that the average amo... View full answer

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

Document Format (1 attachment)

Word file Icon

766-M-S-D-A (7666).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!