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3) Suppose that five graduating seniors on a college basketball team receive the following first-year contract offers to play in the National Basketball Association (zero indicates that the player did not receive a contract offer): 0 0 0 0 $10,000,000 The college claimed that the average senior on this basketball team received a $2 million contract offer. a) Explain how the college came up with this number and why this statement may be misleading. b) Would another measure of central tendency be a better representative of the data? Support your answer.

3) Suppose that five graduating seniors on a college basketball team receive the following first-year contract offers to play in the National Basketball Association (zero indicates that the player did not receive a contract offer): 0 0 0 0 $10,000,000 The college claimed that the average senior on this basketball team received a $2 million contract offer. a) Explain how the college came up with this number and why this statement may be misleading. b) Would another measure of central tendency be a better representative of the data? Support your answer.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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3) Suppose that five graduating seniors on a college basketball team receive the following first-year contract offers to play in the National Basketball Association (zero indicates that the player did not receive a contract offer): 0 0 0 0 $10,000,000 The college claimed that the average senior on this basketball team received a $2 million contract offer. a) Explain how the college came up with this number and why this statement may be misleading. b) Would another measure of central tendency be a better representative of the data? Support your answer.
Transcribed Image Text:3) Suppose that five graduating seniors on a college basketball team receive the following first-year contract offers to play in the National Basketball Association (zero indicates that the player did not receive a contract offer): 0 0 0 0 $10,000,000 The college claimed that the average senior on this basketball team received a $2 million contract offer. a) Explain how the college came up with this number and why this statement may be misleading. b) Would another measure of central tendency be a better representative of the data? Support your answer.
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