Stats: Data and Models (3rd Edition)

Published by Pearson
ISBN 10: 0321692551
ISBN 13: 978-0-32169-255-9

Chapter 4 - Displaying and Summarizing Quantitative Data - Exercises - Page 74: 23

Answer

a) The mean is closest to $2.60$ because that’s the balancing point of the histogram. b) The standard deviation is closest to $0.15$ since that’s a typical distance from the mean. There are no prices as far as $0.50$ or $1.00$ from the mean.

Work Step by Step

a) The mean is closest to $2.60$ because that’s the balancing point of the histogram. b) The standard deviation is closest to $0.15$ since that’s a typical distance from the mean. There are no prices as far as $0.50$ or $1.00$ from the mean.
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