In 2014, approximately 2% of hourly rate workers were being paid at the federal minimum wage level Would federal legislation to increane the minimum wage have a greater effect on the mean or the median income of all workers? O Man O Medan

True or false - The number of languages a person can speak is a nominal variable, therefore we cannot calculate its median.

According to Financial Executive, disability causes 48% of all mortgage foreclosures. Given that 20 mortgage foreclosures are audited by a large lending institution. What is the population mean number of foreclosures due to disability? 10.2 foreclosures 8.4 foreclosures 9.6 foreclosures 8.0 foreclosures

You saw back in Chapter 2 that the mean, median, mode, and midrange are used to indicate where data is centered in a data set, or in other words what a typical value in the set is. A question that is often asked is, "If they're all supposed to do the same thing, why is there more than one?" Isn't one enough? In this exercise, you will be given two small sets of data. For each set, a. find the mean, median, mode and midrange b. in your opinion, decide which of the measures BEST represents all the values in the set (best indicates a typical value), and which one does this the WORST. c. post your responses and justify them by explaining why Don't forget to respond to at least one of your classmate's posts. With this exercise, "more is better." I'll elaborate after the deadline. • Set A: the salaries of 10 employees at a company (in thousands of dollars): 50, 50, 50, 50, 50, 50, 50, 50, 50, 500 • Set B: the grades of 9 students on an exam: 20, 25, 30, 35, 40, 45, 100, 100, 100

A.  What is the median? B. What is the mean? c. What is the precise median?

I do not understand this: "A listing is given specifying the percentage of the eligible voting age population that voted in each country for representatives to the European Parliament. The mean for that listing is lower than the median. Describe the distribution".

The mean work week for engineers in a start-up company is believed to be about 62 hours. A newly hired engineer hopes that it's shorter. She asks 8 engineering friends in start-ups for the lengths of their mean work weeks. Their responses are 50,51,45,51,56,64,66,63 n = . s = || 18

A study analyzed the sustainability behaviors of CPA corporations. The level of support for corporate sustainability​ (measured on a quantitative scale ranging from 0 to 160​ points) was obtained for each in a sample of 984 senior managers at CPA firms. The CEO of a CPA firm claims that the true mean level of support for sustainability is 66. Complete parts a through e.     What is a Type II error in this​ problem?     A. A Type II error would be to conclude that the true mean level of support for sustainability is 66 ​when, in​ fact, the mean is not equal to 66.   B. A Type II error would be to conclude that the sample mean level of support for sustainability is less than 66 ​when, in​ fact, the sample mean is greater than 66.   C. A Type II error would be to conclude that the true mean level of support for sustainability is not 66 ​when, in​ fact, the mean is equal to 66.   D. A Type II error would be to conclude that the sample mean level of support for…

The price of a stock went up by $1.20 on Monday, down by $2.30 on Tuesday, down by $1.00 on Wednesday, down by $1.80 on Thursday, and up by $0.40 on Friday. A) What is the mean change of the stock price for those 5 days? B) What was the final price of the stock after those 5 days?

A congressperson wants to come up with a single value to describe the prices of homes in their district. However, their district consists of a few homes that are extremely expensive compared to the others. Which descriptive statistic should they use? a. Range b. Mode c. Median d. Mean