The tuition and fees (in thousands of dollars) for the top 14 universities in a recent year are listed below. Find the mean, median, and mode of the data, if possible. If any of these measures cannot be found or a measure does not represent the center of the data, expli 43 45 43 41 41 35 47 39 46 45 43 43 43 41 Find the mean cost Select the correct choice below and, if necessary, Sil in the answer box to complete your choice OA. The mean cost is (Round to one decimal place as needed.) OB. There is no mean cost. Does the mean represent the center of the data? OA The mean represents the center. O B. The mean does not represent the center because it is not a data value OC. The mean does not represent the center because it is the largest data value. O D. The mean does not represent the center because it is the smallest data value OE There is no mean cost Find the median cost Select the correct choice below and, if necessary, il in the answer box to complete your choice
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
Given Information:
The data represents tuition fees for the top 14 universities.
To find the mean, median and mode
(a) Mean is the sum of observations divided by the total number of observations.
Thus, the mean cost is 42.5
The mean represents the centre.
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