Consider that Roane county, which calculated that the mean firm size (in terms o

Question

Consider that Roane county, which calculated that the mean firm size (in terms of number of employees)i 150 with a median size of 50, while Anderson county calculated an mean and median size of 230 and 255 respectively. Officials from both counties are asking their state legislatures for additional funds to accommodate their growing business size. State funds are allocated to counties that are experiencing an influx of relatively large firms. Do you support their requests? Choose the correct answer below. Hint: th question covers our discussion in class on the mean versus the median. a) State funds should be allocated evenly to both counties as each is experiencing an influx of relatively large firms. b) There needs to be further analysis as Anderson county's use of the mean may be misleading )There needs to be further analysis as Roane county's use of the mean may be misleading d) state funds should be allocated only to Roane county as the size of most of its firms are relatively large. e) There needs to be further analysis as Roane county because based on its mean and median, the distribution appears to be normal.

Explanation / Answer

For Roane country, mean = 150 and median = 50
For Anderson country, mean = 230 and median = 255

From the above data we see there is significant difference in the mean and median of the Roane country. It also indicates the data is left skewed.

There need to be further analysis as Roane country's use of the mean may be misleading.

Option C

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