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(3) The table contains hypothetical data from a study that a bank conducted on the credit card balances of male and female credit card holders (credit cards owned by both men and women were left out of the study). Male Female Mean $3,550 $2,670 Median $2,175 $2,500 Std Dev $1,240 $825 a. What conclusions can we come to by comparing the medians of the males and females? b. What conclusions can we come to by comparing the standard deviations of the males and females? c. Notice that the mean and median of the males are fairly far apart while the mean and median of the females are not. What does this tell us about the credit card balances of the males vs the credit card balances of the females?

(3) The table contains hypothetical data from a study that a bank conducted on the credit card balances of male and female credit card holders (credit cards owned by both men and women were left out of the study). Male Female Mean $3,550 $2,670 Median $2,175 $2,500 Std Dev $1,240 $825 a. What conclusions can we come to by comparing the medians of the males and females? b. What conclusions can we come to by comparing the standard deviations of the males and females? c. Notice that the mean and median of the males are fairly far apart while the mean and median of the females are not. What does this tell us about the credit card balances of the males vs the credit card balances of the females?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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(3) The table contains hypothetical data from a study that a bank conducted on the credit card balances of male and female credit card holders (credit cards owned by both men and women were left out of the study). Male Female Mean $3,550 $2,670 Median $2,175 $2,500 Std Dev $1,240 $825 a. What conclusions can we come to by comparing the medians of the males and females? b. What conclusions can we come to by comparing the standard deviations of the males and females? c. Notice that the mean and median of the males are fairly far apart while the mean and median of the females are not. What does this tell us about the credit card balances of the males vs the credit card balances of the females?
Transcribed Image Text:(3) The table contains hypothetical data from a study that a bank conducted on the credit card balances of male and female credit card holders (credit cards owned by both men and women were left out of the study). Male Female Mean $3,550 $2,670 Median $2,175 $2,500 Std Dev $1,240 $825 a. What conclusions can we come to by comparing the medians of the males and females? b. What conclusions can we come to by comparing the standard deviations of the males and females? c. Notice that the mean and median of the males are fairly far apart while the mean and median of the females are not. What does this tell us about the credit card balances of the males vs the credit card balances of the females?
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