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Author Question: Suppose the manager of a large high-end jewelry store wants to estimate the amount spent by ... (Read 143 times)

swpotter12

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on: Apr 14, 2020

Question 1

Calculate the mean, median, and geometric mean for the following numbers: 710, 27,000, 1400, and 260. Round to the nearest tenth.

Question 2

Suppose the manager of a large high-end jewelry store wants to estimate the amount spent by customers during the holiday season. She took a random sample of customers and recorded the amount they spent. A histogram of the data shows that the data is strongly left-skewed. The figures below show the confidence intervals for the mean amount spent using (A) raw (untransformed) data, and (B) log-transformed data, which showed a more normally distributed data set. Use this information to answer the question.


Calculate the width of both intervals (note that you will need to convert the log-transformed interval back into dollars). Which interval is narrower?
◦ Width of interval for untransformed data: 111.2; width of interval for transformed data: 204.6. The width of the interval for the untransformed data is narrower.
◦ Width of interval for untransformed data: 55.6; width of interval for transformed data: 111.2. The width of the interval for the log transformed data is narrower.
◦ Width of interval for untransformed data: 111.2; width of interval for transformed data: 92.7. The width of the interval for the log transformed data is narrower.
◦ Cannot be determined with the given information
Introductory Statistics: Exploring the World Through Data ¦ Gould, Ryan ¦ 2nd Edition
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Marked as best answer by swpotter12 on Apr 14, 2020

mirabriestensky

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Reply #1 on: Apr 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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swpotter12

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Reply 2 on: Apr 14, 2020
:D TYSM

gcook

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Reply 3 on: Yesterday
Gracias!

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