Print-O-Matic printing company spends specific amounts on fixed costs every month. The costs of those fixed...

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Statistics

Print-O-Matic printing company spends specific amounts on fixedcosts every month. The costs of those fixed costs are in table#3.1.12.

a.) Find the mean and median. For median, list the numbers inorder and show calculation. For mean, show calculation along withthe sum.

b.) Find the mean and median with the bank charges removed.Describe what happened and why? Show calculation.

c.) Find the variance and standard deviation by creating astandard deviation table. Show work.

d.) Discuss why you used sample standard deviation or populationstandard deviation and why?

Monthly Charges

Monthly

Cost ($)

Bank Charges482
Cleaning2208

Computer

Expensive

2471
Lease Payments2656
Postage2117
Uniforms2600

This ha been answered but my question is worded different thenthe others.

Answer & Explanation Solved by verified expert
4.3 Ratings (725 Votes)
1 GIVENThe fixed cost for every month isgiven byMonthly ChargesMonthly Cost BankCharges482Cleaning2208Computer Expensive2471LeasePayments2656Postage2117Uniforms2600Since the data is about the monthlycost spent by PrintOMatic printing company for 6 purposes thegiven data is treated as population of costs spent by the companybecause there are only totally 6 purposes for which the companyspents and thus the population size is 6 and there are no otherextra purposes Thus the population size is fixed which is 6a CALCULATION OF MEAN ANDMEDIANMEANThe mean of a set of numberssometimes simply called the average is the    See Answer
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