SOLUTION: You are estimating the cost of a personnel shelter and you have collected cost data on 10 shelters. The mean cost was $16,693. The median cost is $17,402. There is a range in the

Algebra ->  Probability-and-statistics -> SOLUTION: You are estimating the cost of a personnel shelter and you have collected cost data on 10 shelters. The mean cost was $16,693. The median cost is $17,402. There is a range in the       Log On


   

Question 722145: You are estimating the cost of a personnel shelter and you have collected cost data on 10 shelters. The mean cost was $16,693. The median cost is $17,402. There is a range in the cost of $10,095. The standard deviation is $3,409. If you use the average cost of the shelters as your estimate, then, on average:



You could expect to be off by $340.90.

You could expect to be off by $10,095.

You could expect to be off by 20.42%.

You could expect to be off by 19.59%.


Answer by lynnlo(4176) About Me  (Show Source):