Problem 7
Repeat Exercise 5 with TOL 10-3 in the norm. Compare the results in parts (b) and (c) to those obtained in Exercises 5 and 7 of Section 7.3 and Exercise 5 of Section 7.4.
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Ch. 3 ➔ Appropriate measures depend on the shape ◆ Symmetric: mean and standard deviation ◆ Skewed: median and interquartile range ➔ The mean: The average ◆ Literally the balancing point ◆ For a symmetric distribution, the mean is at the center and close to typical values ◆ Also balances skewed graphs ● Doesn’t tell us the typical value ● Right skewed, the average is to the right of the typical values and vice versa ➔ Standard Deviation: number that measures how far away a typical observation is from the me
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Chapter 7.6, Problem 7 is Solved
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