lease answer the bolded parts 61700.00 51500.00 46100.00 41100.00 34200.00 31100.00 30700.00 30500.00 28800.00 25200.00 24600.00 24200.00 23200.00 22600.00 20300.00 20300.00 20300.00 19200.00 19000.00 18600.00 16700.00 14100.00 12700.00 7700.00 5800.00 Using the accompanying Weddings data, find the mean, median, and standard deviation of the wedding costs. What would you tell a newly engaged couple about what cost to expect? Consider the effect of possible outliers in the data. For the given data set, the mean of the wedding costs is $26008. The median of the wedding costs is $23200. The standard deviation of the wedding costs is $13103.46. Consider the effect of possible outliers in the data. There is/are (one/two/three/four) mild outlier(s) for the (top/bottom/top and bottom) costs. Remove these outliers and recalculate the mean, median, and standard deviation. Recalculating these statistics, the mean of the wedding costs is (xxx). The median of the wedding costs is (xxx). The standard deviation of the wedding costs is (xxx). Using the empirical rule, what would you tell a newly engaged couple about what cost to expect? A reasonable prediction of the cost would be between ($7,000 and $46,000. $6,000 and $45,000. $1,000 and $40,000. $4,000 and $43,000.)

Mathematics For Machine Technology

8th Edition

ISBN:9781337798310

Author:Peterson, John.

Publisher:Peterson, John.

Chapter30: Customary And Metric Steel Rules

Section: Chapter Questions

Problem 19A

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Question

Please answer the bolded parts

61700.00
51500.00
46100.00
41100.00
34200.00
31100.00
30700.00
30500.00
28800.00
25200.00
24600.00
24200.00
23200.00
22600.00
20300.00
20300.00
20300.00
19200.00
19000.00
18600.00
16700.00
14100.00
12700.00
7700.00
5800.00

Using the accompanying Weddings data, find the mean, median, and standard deviation of the wedding costs. What would you tell a newly engaged couple about what cost to expect? Consider the effect of possible outliers in the data.

For the given data set, the mean of the wedding costs is $26008. The median of the wedding costs is $23200. The standard deviation of the wedding costs is $13103.46.

Consider the effect of possible outliers in the data. There is/are (one/two/three/four) mild outlier(s) for the (top/bottom/top and bottom) costs. Remove these outliers and recalculate the mean, median, and standard deviation. Recalculating these statistics, the mean of the wedding costs is (xxx). The median of the wedding costs is (xxx). The standard deviation of the wedding costs is (xxx).

Using the empirical rule, what would you tell a newly engaged couple about what cost to expect?

A reasonable prediction of the cost would be between

($7,000 and $46,000.

$6,000 and $45,000.

$1,000 and $40,000.

$4,000 and $43,000.)

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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