Questions from Business Statistics


Q: What is the median? How can it be found from its

What is the median? How can it be found from its rank?

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Q: What is statistics?

What is statistics?

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Q: How do you find the median for a data set:

How do you find the median for a data set: a. With an odd number of values? b. With an even number of values?

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Q: What is the mode?

What is the mode?

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Q: Do exercise 2 using the ages instead of the salaries.

Do exercise 2 using the ages instead of the salaries. Data from exercise 2: Draw a random sample without replacement of 10 employees, using the table of random digits, starting in row 23, column 7....

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Q: What is variability?

What is variability?

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Q: Which variability measure is most useful for comparing variability in two different

Which variability measure is most useful for comparing variability in two different situations, adjusting for the fact that the situations have very different average sizes? Justify your choice.

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Q: When a fixed number is added to each data value, what

When a fixed number is added to each data value, what happens to a. The average, median, and mode? b. The standard deviation and range? c. The coefficient of variation?

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Q: a. What is the traditional measure of variability? b

a. What is the traditional measure of variability? b. What other measures are also used?

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Q: a. What is a deviation from the average? b

a. What is a deviation from the average? b. What is the average of all of the deviations?

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