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# Statistical Technique

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A group of executives at a local company is considering introducing a new product into a market area. It is important to know the age characteristics of the people in the market area.

a. If the executives with to calculate a number that would characterize the "center" of the age data, what statistical technique would you suggest? Explain.
b. The executives need to know the percentage of people in the market area that are senior citizens. Name the basic category of statistical inference tools they would use to provide this information.
c. Describe a hypothesis upon which the executives might wish to conduct a test concerning the percentage of senior citizens in the market area.

##### Solution Summary

A group of executives at a local company is considering introducing a new product into a market area. It is important to know the age characteristics of the people in the market area.

a. If the executives with to calculate a number that would characterize the "center" of the age data, what statistical technique would you suggest? Explain.
b. The executives need to know the percentage of people in the market area that are senior citizens. Name the basic category of statistical inference tools they would use to provide this information.
c. Describe a hypothesis upon which the executives might wish to conduct a test concerning the percentage of senior citizens in the market area.

##### Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

##### Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

##### Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.