Statistics Homework Solutions
#238454
Mean and variance
What is the range? What is the arithmetic mean income?
What is the population variance?
The standard deviation?
The annual income of offers of another firm similar to TMV industries were also studied. The mean was $129,000 and the standard deviation $8,612. Compare the means and dispersions in the two firms
The solution provides step by step method for the calculation of descriptive statistics. Formula for the calculation and Interpretations of the results are also included.
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- Attached file(s):
- TMV industries +Answers.doc
- TMV Industries.xls
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