Measures of location The values of P50, Q2, and the median are found for the net incomesreported on all individual 1040 tax forms filed last year. What do those values have incommon?
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C8 Lab session C9 intro to probability C10 independence and conditional probability Quantitative variables: averages or differences have meaning o Ex: weight, height, income, age Categorical variables: classify people or things o Ex: gender, race, occupation, political affiliation, country of origin Some quantitative variables are expressed as categorical o Ex: income Statistics the science of decision-making in the face of uncertainty how to measure uncertainty probability Probability: a numerical measure of the likelihood that an outcome or an event occurs o P(A)= probability of event A 3 methods for assessing probability o Classical o Relative frequency
Textbook: Essentials of Statistics
Author: Mario F. Triola
Essentials of Statistics was written by and is associated to the ISBN: 9780321924599. The full step-by-step solution to problem: 4 from chapter: 3.4 was answered by , our top Statistics solution expert on 01/12/18, 03:16PM. This textbook survival guide was created for the textbook: Essentials of Statistics, edition: 5. The answer to “Measures of location The values of P50, Q2, and the median are found for the net incomesreported on all individual 1040 tax forms filed last year. What do those values have incommon?” is broken down into a number of easy to follow steps, and 32 words. This full solution covers the following key subjects: . This expansive textbook survival guide covers 50 chapters, and 1368 solutions. Since the solution to 4 from 3.4 chapter was answered, more than 564 students have viewed the full step-by-step answer.