Descriptive Statistics Quiz
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Questions and Answers

Which of the following is the correct formula for calculating the population mean?

  • $\mu = \sum{x} \times n$
  • $\mu = \sum{x} \times N$
  • $\mu = \sum{x} \div n$
  • $\mu = \sum{x} \div N$ (correct)
  • Which of the following is the correct formula for calculating the sample mean?

  • $\bar{x} = \sum{x} \div N$
  • $\bar{x} = \sum{x} \times n$
  • $\bar{x} = \sum{x} \div n$ (correct)
  • $\bar{x} = \sum{x} \times N$
  • What is the mean of the data set 1, 3, 5, 7, 9?

  • 5
  • 6 (correct)
  • 3
  • 7
  • Which of the following is an application of statistics?

    <p>Marketing</p> Signup and view all the answers

    What is the mean of the data set 2, 7, 10?

    <p>6</p> Signup and view all the answers

    Study Notes

    Formulas for Calculating Means

    • The correct formula for calculating the population mean is μ = (Σx) / N, where μ is the population mean, Σx is the sum of all values, and N is the total number of values in the population.
    • The correct formula for calculating the sample mean is x̄ = (Σx) / n, where x̄ is the sample mean, Σx is the sum of all values, and n is the total number of values in the sample.

    Calculating Means for Specific Data Sets

    • The mean of the data set 1, 3, 5, 7, 9 is (1 + 3 + 5 + 7 + 9) / 5 = 25 / 5 = 5.
    • The mean of the data set 2, 7, 10 is (2 + 7 + 10) / 3 = 19 / 3 = 6.33.

    Applications of Statistics

    • One application of statistics is analyzing and interpreting data to make informed decisions or predictions.

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    Description

    Test your knowledge of descriptive statistics in this quiz! Explore the application of statistics in various fields such as marketing, finance, and economics.

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