Exercise 4. Find the (a) mean, (b) median, (c) mode, and (d) midrange for the gi
ID: 3170438 • Letter: E
Question
Exercise 4.
Find the (a) mean, (b) median, (c) mode, and (d) midrange for the given sample data.
Top 20 Richest Actors - Listed below are the wealth (in millions of dollars) of the
the 20 richest actors in the world 2016.
Based on the mean and median is this data set distribution normal or skewed?
If the data set is skewed, which way is it skewed?
Can this "Top 20" list be used to learn anything about the mean wealth of all actors?
Earnings
Name
Millions
Jerry Seinfeld
820
ScahRukh Khan
600
Tom Cruise
480
Mel Gibson
425
Johnny Depp
400
Sylvester Stallone
400
Bill Cosby
400
Tom Hanks
350
Jackie Chan
350
Arnold Schwarzenegger
300
Michael Douglas
300
Adam Sandler
300
Patrick Wilson
275
Robert Downey Jr.
250
Leon Thomas III
245
Leonardo DiCaprio
245
Scott Speedman
245
Will Smith
240
Brad Pitt
240
Salman Khan
200
Exercise 4.
Find the (a) mean, (b) median, (c) mode, and (d) midrange for the given sample data.
Top 20 Richest Actors - Listed below are the wealth (in millions of dollars) of the
the 20 richest actors in the world 2016.
Based on the mean and median is this data set distribution normal or skewed?
If the data set is skewed, which way is it skewed?
Can this "Top 20" list be used to learn anything about the mean wealth of all actors?
Earnings
Name
Millions
Jerry Seinfeld
820
ScahRukh Khan
600
Tom Cruise
480
Mel Gibson
425
Johnny Depp
400
Sylvester Stallone
400
Bill Cosby
400
Tom Hanks
350
Jackie Chan
350
Arnold Schwarzenegger
300
Michael Douglas
300
Adam Sandler
300
Patrick Wilson
275
Robert Downey Jr.
250
Leon Thomas III
245
Leonardo DiCaprio
245
Scott Speedman
245
Will Smith
240
Brad Pitt
240
Salman Khan
200
Explanation / Answer
Using excel sheet mean=353.25, mode=400 and median=300
So Median<mean<mode
Hence it is right skewed distribution
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