Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 3 - Section 3.2 - Assess Your Understanding - Applying the Concepts - Page 153: 27a

Answer

Consumer Goods Stocks: Mean = 9.805, Median = 10.11 Energy Stocks: Mean = 11.679, Median = 10.76 The energy sector has the higher median rate of return.

Work Step by Step

Calculate the mean and median using the MS Excel AVERAGE and MEDIAN functions.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.

GradeSaver will pay $15 for your literature essays
GradeSaver will pay $25 for your college application essays
GradeSaver will pay $50 for your graduate school essays – Law, Business, or Medical
GradeSaver will pay $10 for your Community Note contributions