A college statistics class conducted a survey of how students spend their money. They gathered...

60.1K

Verified Solution

Question

Basic Math

image

A college statistics class conducted a survey of how students spend their money. They gathered data from a large random sample of college students who estimated how much money they typically spent each week in different categories (e.g., food, entertainment, etc.). The following statistics were calculated for money spent weekly on food: mean = $31.52; median $30.00; interquartile range = $34.00; standard deviation = $21.60; range = $132.50. The class determined that a mistake had been made and a value entered as 138 should have been entered as 38. They recalculate all of the statistics. Which of the following would be true? A. The value of the median decreases, the value of the mean stays the same. B. The values of the median and mean both decrease. C. The value of the median stays the same, the value of the mean decreases.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students