Business Summary Statistics Answers

What are the mean, median, and mode of the following data set? 3/4 2/5 1/10 3/4 1/4 a.mean: 1/10, median: 1/10, mode: 3/4b.mean: 9/20, median: 1/10, mode: 3/4c.mean: 9/20, median: 2/5, mode: 3/4d.mean: 2/5, median: 4/9, mode: 3/4

Jerry has been a returning contestant on a game show for the last seven weeks. In a contestant's first seven appearances on the show they have a chance to answer one question and win anywhere between $200-$900. On their eighth appearance they get a chance to answer a question worth $10,000. Given Jerry's winnings in the following table, describe what would happen to the mean and median of the data set if he were to get the Week 8 question right.Week 1Week 2Week 3Week 4Week 5Week 6Week 7$684$770$481$647$277$853$712a.The mean increases by $1,803, the median increases by $698.b.The mean decreases by $1,803, the median decreases by $698.c.The mean decreases by $1,171, the median decreases by $14.d.The mean increases by $1,171, the median increases by $14.

What are the mean and mode of the following data set?59165746582136412364206640512846a.mean: 43.5, mode: 46 b.mean: 42, mode: 46c.mean: 43.5, mode: 42 d.mean: 46, mode: 42

Molly records the interest earned in her savings account in the last 5 months. What are the mean, median, and mode of the data set?Month 1Month 2Month 3Month 4Month 50.240.420.370.380.24a.mean: 0.37, median: 0.33, mode: 0.24b.mean: 0.24, median: 0.37, mode: 0.33c.mean: 0.33, median: 0.37, mode: 0.24d.mean: 0.33, median: 0.37, mode: 0.42

The following chart represents the record high temperatures recorded in Phoenix for April-November. Select the answer below that best describes the mean and the median of the data set (round answers to the nearest tenth). a. The mean is 114.5°F, and the median is 111.9°F. b. The mean is 121°F, and the median is 118.5°F. c. The mean is 111.9°F, and the median is 114.5°F. d. The mean is 118.5°F, and the median is 121°F. Please select the best answer from the choices provided

Which of the following statements is not true?a.The median is not affected by outliers as much as the mean.b.The mode is the most frequently occuring value(s) in a data set.c.The best measure of central tendency depends on the data set.d.The mean is the middle value of a data set.

Lisa is a leading player on her basketball team. She has kept track of how many points she has scored over the course of the season. Her scores may be viewed in the table below. 36203513301436112919224034172621What is the median of Lisa’s scores? Round to the nearest point, if necessary.a.23b.24c.26d.30

Which measure of central tendency would be best to describe the distribution of hair colors at the mall?a.medianb.modec.meand.none of the above

Dave works as a waiter. He is calculating his average tips from the past two weeks. His total tips from each night can be found in the table below, with all values being in dollars.DaySunMonTueWedThuFriSatWeek 1100.85166.57135.74148.12113.94190.13235.31Week 2102.57124.02142.40108.60110.50163.82183.01Find the mean of Dave’s nightly tips. Round to the nearest cent, if necessary.a.$168.08b.$144.68c.$139.07d.$133.56

Which of the following is not a measure of variability?a.rangeb.variancec.standard deviationd.regulated differences