This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Would the mode be a useful summary statistic for these data? Why? What will be an ideal ... (Read 24 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jun 24, 2018
Would the mode be a useful summary statistic for these data? Why?
 
  What will be an ideal response?

Question 2

Calculate the forecast value for the year 1905, if the real home price index for that year is 98.056.
 
  A) 100.31
  B) 98.51
  C) 98.06
  D) cannot be determined


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 24, 2018
Answer to Question 1

The mode is defined to be the most common value, and is most often used to describe qualitative data. Here, the data are quantitative. The mode is not very useful for such data.

Answer to Question 2

B


ishan

  • Member
  • Posts: 546
Reply 2 on: Jun 24, 2018
Wow, this really help

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Foliage height diversity and bird species diversity (data from MacArthur and MacArthur 1961). Foliage height diversity and bird species diversity (data from MacArthur and MacArthur 1961).
Electronic service information is available from aftermarket sources, such as All-Data and ... Electronic service information is available from aftermarket sources, such as All-Data and ...
A summary of terminology describing the structure of sugar molecules A summary of terminology describing the structure of sugar molecules
Summary of Receptors for Somatic Sensations Summary of Receptors for Somatic Sensations
Chi-Square Analysis of Mendel’s Trihybrid-Cross Data Chi-Square Analysis of Mendel’s Trihybrid-Cross Data
Gamete genotype frequencies calculated from genetic linkage data Gamete genotype frequencies calculated from genetic linkage data
Video: Simple and Double Sugar

For a complete list of videos, visit our video library