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10. For each of the following, state whether you expect the distribution to be symmetric, right skewed, or left skewed. Also specify whether the mean or median would best represent a typical observation in the data, and whether the variability of observations would be best represented using the standard deviation or IQR. Explain your reasoning. a. Housing prices in a country where 25% of the houses cost below $350000, 50% of the houses cost below $450000, 75% of the houses cost below $1000000 and there are a meaningful number of houses that cost more than $6000000. b. Housing prices in a country where 25% of the houses cost below $300000, 50% of the houses cost below $600000, 75% of the houses cost below $900000 and very few houses that cost more than $1200000. c. Number of alcoholic drinks consumed by college students in a given week. Assume that most of these students don't drink since they are under 21 years old, and only a few drink excessively.

10. For each of the following, state whether you expect the distribution to be symmetric, right skewed, or left skewed. Also specify whether the mean or median would best represent a typical observation in the data, and whether the variability of observations would be best represented using the standard deviation or IQR. Explain your reasoning. a. Housing prices in a country where 25% of the houses cost below $350000, 50% of the houses cost below $450000, 75% of the houses cost below $1000000 and there are a meaningful number of houses that cost more than $6000000. b. Housing prices in a country where 25% of the houses cost below $300000, 50% of the houses cost below $600000, 75% of the houses cost below $900000 and very few houses that cost more than $1200000. c. Number of alcoholic drinks consumed by college students in a given week. Assume that most of these students don't drink since they are under 21 years old, and only a few drink excessively.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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10. For each of the following, state whether you expect the distribution to be symmetric, right skewed, or left skewed. Also specify whether the mean or median would best represent a typical observation in the data, and whether the variability of observations would be best represented using the standard deviation or IQR. Explain your reasoning. a. Housing prices in a country where 25% of the houses cost below $350000, 50% of the houses cost below $450000, 75% of the houses cost below $1000000 and there are a meaningful number of houses that cost more than $6000000. b. Housing prices in a country where 25% of the houses cost below $300000, 50% of the houses cost below $600000, 75% of the houses cost below $900000 and very few houses that cost more than $1200000. c. Number of alcoholic drinks consumed by college students in a given week. Assume that most of these students don't drink since they are under 21 years old, and only a few drink excessively. d. Annual salaries of the employees at a Fortune 500 company where only a few high level executives earn much higher salaries than all the other employees.
Transcribed Image Text:10. For each of the following, state whether you expect the distribution to be symmetric, right skewed, or left skewed. Also specify whether the mean or median would best represent a typical observation in the data, and whether the variability of observations would be best represented using the standard deviation or IQR. Explain your reasoning. a. Housing prices in a country where 25% of the houses cost below $350000, 50% of the houses cost below $450000, 75% of the houses cost below $1000000 and there are a meaningful number of houses that cost more than $6000000. b. Housing prices in a country where 25% of the houses cost below $300000, 50% of the houses cost below $600000, 75% of the houses cost below $900000 and very few houses that cost more than $1200000. c. Number of alcoholic drinks consumed by college students in a given week. Assume that most of these students don't drink since they are under 21 years old, and only a few drink excessively. d. Annual salaries of the employees at a Fortune 500 company where only a few high level executives earn much higher salaries than all the other employees.
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