Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. discuss the three properties (characteristics) of

Discuss the three properties (characteristics) of data and explain some of the descriptive measures associated with...

50.1K

Verified Solution

Question

Basic Math

Discuss the three properties (characteristics) of data andexplain some of the descriptive measures associated with eachproperty.

Answer & Explanation Solved by verified expert
3.9 Ratings (584 Votes)
The three properties of data area Central Tendency of datab Dispersion of datac Correlation of dataa Central Tendency of data A measure of central tendency also referred to as measures ofcenter or central location is a summary measure that attempts todescribe a whole set of data with a single value that representsthe middle or center of its distributionThere are three main measures of central tendency meanmedian and mode Each of these measures describes adifferent indication of the typical or central value in thedistributionMean The mean is the sum of thevalue of each observation in a dataset divided by the number ofobservations This is also known as the arithmetic averageLooking at the retirement age distribution 54 54 54 55 56 57 57 58 58 60 60The mean is calculated by adding together all the values5454545556575758586060 623 and dividing by the numberof observations 11 which equals 566 yearsMedian The median is the    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

3.sometimes we use them interchangeably but they really are two very different things - salt and...

Medical Sciences
Q

Why study operations management? Furthermore, what is the difference between the terms "production management" and "operations management"?

General Management
Q

12 Explain how the Hershey Chase experiment used bacteriophages with radioactive sulfur and radioactive phosphorus...

Biology
Q

Name the three phases of interphase and briefly mention what happens in each phase.

Biology
Q

Which of the following animals belongs in Phylum Platyhelminthes Planaria Hydra Sponge Vinegar eels

Biology
Q

Mason is building a 3 D model of a house for a project His model...

Geometry
Q

Accounting equation The total assets and total liabilities in millions of ABC Corporation and XYZ...

Basic Math
Q

Establish the identity 1 sin 0 sec 0 1 Which of the following shows the...

Calculus
Q

resented below is information for Ivanhoe Company for the month of January 2017. Cost of...

Accounting
Q

Cash Budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash...

Accounting
Q

Ignite (Pty) Ltd Ignite (Pty) Ltd has a 15% interest in Happy but...

Accounting
Q

Calculate the present value of $2000 due in 6.5 years if j4 = 8% for...

Finance