The following data represent the numbers of tornadoes that touched down during 1950 to 1994 in the
Question:
.png){kind=small}
a. Calculate the mean and median for these data.
b. Identify the outlier in this data set. Drop the outlier and recalculate the mean and median. Which of these two summary measures changes by a larger amount when you drop the outlier?
c. Which is the better summary measure for these data, the mean or the median? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a x xn 2163612 1803 tornadoes Median value of the 65 th term in ranked data set 1...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
1+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
