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MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Describe about the Ranked Data and Ordinal Measurement.
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- For the project, you will have to: Collect and organize a sample of 30 items of data from a source you find relevant. Some examples: Sports (top HR hitters, rushing leaders, point scorers, etc.) Weather (average daily temperature for a month, max hurricane wind speed, etc.) Business (top-grossing movies, highest-paid athletes, record sales, etc.) Demographics (age, height, weight, etc.) Find the mean, median, mode, and mid-range for your date. Find the variance, standard deviation, and range for your data. Find the five-number summary and determine (mathematically) if there are any outliers. Construct a 95% confidence interval for the mean of your data. You are allowed to use the calculator for the calculations but you must provide me with the 30 data values you obtain in a neat, organized manner, preferably in a spreadsheet. Also, be sure to provide the source of your data. When you provide the answers to the questions above please use the correct symbols and notation.…arrow_forwardDiscuss how statistics, as a way of organizing and summarizing data, helped make good decisions when shoppingarrow_forwardDescribe about the Qualitative Data and Nominal Measurement.arrow_forward
- The price per share of stock for a sample of companies was recorded at the beginning of the first financial quarter and then again at the end of the first financial quarter. How stocks perform during the first quarter is an indicator of what is ahead for the stock market and the economy. Use the sample data in the file StockQuarter to answer the following. Click on the datafile logo to reference the data. Beginning of 1st end of 1stCompany Quarter QuarterBank of New York Mellon 53.82 54.19 Kraft Foods 77.02 55.70 E.I. du Pont de Nemours and Company 109.00 102.57 Consolidated Edison 83.58 79.95 Johnson & Johnson 139.23 126.01 Union Pacific…arrow_forwardThe mode, mean, median are all highly affected by outliers? True or false?arrow_forwardCompare the effect of sample size versus population size on sample mean distribution. Explain sample size and population size in reference to statistics. Compare how sample size and population size effect sample mean distribution. Provide evidence and examples to support.arrow_forward
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