Asked by Kevin A Simpson on Apr 24, 2024
Verified
What statistic are you calculating if you add the income of ten people and divide that sum by ten?
A) the mean
B) the median
C) the correlation coefficient
D) a rate
E) all of these choices
The Mean
A statistical measure representing the average value of a set of numbers, calculated by dividing the sum of all values by the number of values.
Correlation Coefficient
A statistical measure that indicates the extent to which two variables fluctuate together, representing the strength and direction of their relationship.
- Detail the utilization of assorted data analysis approaches and statistical calculations in survey research.
Verified Answer
DP
Derick Ponce6 days ago
Final Answer :
A
Explanation :
Adding the income of ten people and dividing by ten results in the calculation of the mean, which is a measurement of central tendency. The median is the middle value in a dataset, and the correlation coefficient is a measure of the strength and direction of the relationship between two variables. A rate involves a ratio between two quantities measured in different units.
Learning Objectives
- Detail the utilization of assorted data analysis approaches and statistical calculations in survey research.