Statistics for Business

Find the MEDIAN 
77, 83, 83, 85, 87, 90, 90, 93, 94, 99, 99

• 77
• 99
• 90
• 87

Find the mean of the numbers:
2, 4, 5, 5, 6, 8

• 5
• 4
• 3
• 2

What is the standard deviation for the data given:
5, 10, 7, 12, 0, 20, 15, 22, 8, 2

• 6.89
• 10.1
• 7.26
• 9

A sample is...

• a subset of a population

• an infinite selection of a population

• a characteristic of a population

• a data value generated by the statistical information

A statistic is...

• a planned activity whose results yield a set of data

• a numerical value that summarizes all of the data of an entire population

• the set of values collected from the variable from each of the elements that belong to the sample

• A numerical value summarizing the sample data

What is the mean of this set of data?

2, 15, 7

• 24

• 3

• 6

• 8

At Donald's Donuts the number of donut holes in a bag can vary. Help Donald find the mode.
12,10,10,10,13,12,11,13,10

• 13
• 12
• 11
• 10

Qualitative data is which

• Can be quantified

• Can not be quantified

• none

Income of a family is an example of

• Quantitative data

• Qualitative data

• Saving

What is a the meaning for "median"?

• fair share
• middle
• repeats the most
• variation