Reasons for Studying Statistics
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Please help answer the following questions - provide at least 300 words.
1) What are the reasons for studying statistics?
2) Select five random numbers between 70-100. Calculate the mean, and midrange of these numbers. Base on the calculations, which measure of central tendency best represents these numbers?
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Solution Summary
The importance of studying statistics is determined in this posting. This solution provides calculations for a mean and midrange of numbers. The central tendency of these numbers is given. The explanation is given in 303 words.
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1) What are the reasons for studying statistics?
The reason you study statistics is to be able to understand when a piece of data is presented to you, and you will be able to interpret the results and understand for yourself what the numbers mean. For examine, if you pick up a newspaper and you see a number posted, you need to understand what the number means.
You also want to be able to learn how to set up proper ways to examine a real world phenomena. You want to ...
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