A sample of 11 individuals shows the following monthly
incomes.
Individual
Income ($)
  1
  1,500
  2
  2,000
  3
  2,500
  4
  4,000
  5
  4,000
  6
  2,500
  7
  2,000
  8
  4,000
  9
  3,500
10
  3,000
11
43,000
a.
What would be a representative measure...
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Basic Math
A sample of 11 individuals shows the following monthlyincomes.
Individual
Income ($)
  1
  1,500
  2
  2,000
  3
  2,500
  4
  4,000
  5
  4,000
  6
  2,500
  7
  2,000
  8
  4,000
  9
  3,500
10
  3,000
11
43,000
a.
What would be a representative measure of central location forthe above data? Explain.
b.
Determine the mode.
c.
Determine the median.
d.
Determine the 60th percentile.
e.
Drop the income of individual number 11 and compute thestandard deviation for the first 10 individuals.
Answer & Explanation
Solved by verified expert
3.6 Ratings (527 Votes)
a What would be a representative measure of central locationfor the above data ExplainSince the data set has an outlier 11th value Hence meanmight give an inappropriate estimateTherefore median will be the most appropriate estimateb Determine the modeThe maximum occurring value is 4000 3 timesMode 4000c Determine the medianIn order to compute the median the data needs to be put
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