SOLUTION: PLEASE HELP THIS IS A HUGE TEST QUESTION AND I NEED YOUR HELP!!! PLEASE SHOW WORK!!
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV person
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Question 1115319: PLEASE HELP THIS IS A HUGE TEST QUESTION AND I NEED YOUR HELP!!! PLEASE SHOW WORK!!
Listed below are the top 10 annual salaries (in millions of dollars) of TV personalities. Find the (a) mean, (b) median, (c) mode, and (d) midrange for the given sample data in millions of dollars. Given that these are the top 10 salaries, do we know anything about the salaries of TV personalities in general? Are such top 10 lists valuable for gaining insight into the larger population?
37.2 36 34.6 27.2 14.3 12 11.6 9.7 9.2 8.3
a. The mean is___.
(Type an integer or a decimal.)
b. The median is___.
(Type an integer or a decimal.)
c. Select the correct choice below and fill in any answer boxes in your choice.
A.The mode is___.
(Use a comma to separate answers as needed.)
B.There is no mode.
d. The midrange is___.
(Type a integer or a decimal.)
Given that these are the top 10 salaries, do we know anything about the salaries of TV personalities in general?
A.Since the sample values are the 10 highest, they give almost no information about the salaries of TV personalities in general.
B.Since the mean, median, and midrange are relatively reliable even with small samples, a lot of information is given on the salaries of TV personalities in general.
C.Since the sample values give information about one segment of the salaries of TV personalities, they give a lot of information about the salaries of TV personalities in general.
D.Since the mean, median, and midrange are based on a small sample, no information is given on the salaries of TV personalities in general.
Are such top 10 lists valuable for gaining insight into the larger population?
A.No, because such top 10 lists represent an extreme subset of the population rather than the larger population
B.Yes, because the mean, median, and midrange are relatively reliable even with small samples
C.Yes, because such top 10 lists give partial information about the population
D.No, because the mean, median, and midrange are based on a small sample
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
a) Mean, sum all the values and divide by the number of values,
b) Median is the middle value. Since there are an even number of values, average the 5th and 6th values,
c) Mode is the value that occurs most often.
Since no values repeat there is no mode.
d)Midrange is the average of the least and greatest values,
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