Statistics for Business
Which of the following is the best formal definition of the statistical mode?
Given the quantitative responses recorded from a short test: [2, 3, 2, 5, 3, 2, 4, 2, 3], what is the mode?
A bar graph of preferred study locations among 100 students shows bars with heights: Library 40, Cafeteria 15, Dorm 25, Coffee Shop 20. Which category is the mode and why?
The following are the weekly paychecks in dollars for 1616 part-time tutors:
650650, 720720, 880880, 950950, 11001100, 950950, 720720, 10501050, 980980, 880880, 950950, 11501150, 980980, 10501050, 950950, 12001200.
Determine the mean, median, and mode of these paychecks. Which value best represents a typical weekly paycheck?
A group of hikers recorded the distance they covered during a week. The recorded data (in kilometers) is as follows:
7,9,11,12,14,15,17,18,20,217,9,11,12,14,15,17,18,20,21
Compare the four measures of central tendency (mean, median, mode, and midrange) for the original data set and the 10%10\% trimmed data set.