Statistics for Business
The following are the weekly paychecks in dollars for 1616 part-time tutors:
650650, 720720, 880880, 950950, 11001100, 950950, 720720, 10501050, 980980, 880880, 950950, 11501150, 980980, 10501050, 950950, 12001200.
Determine the mean, median, and mode of these paychecks. Which value best represents a typical weekly paycheck?
A group of hikers recorded the distance they covered during a week. The recorded data (in kilometers) is as follows:
7,9,11,12,14,15,17,18,20,217,9,11,12,14,15,17,18,20,21
Compare the four measures of central tendency (mean, median, mode, and midrange) for the original data set and the 10%10\% trimmed data set.