We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Statistics Essay Sample

The whole doc is available only for registered users OPEN DOC

Get Full Essay

Get access to this section to get all the help you need with your essay and educational goals.

Get Access

Statistics Essay Sample

A researcher has collected information from 5,000 respondents regarding their income every month. This income include encompasses that which is collected from the practice of profession or through enterprise. As long as it is something that an individual sources out from the labor that they exert, it is considered to be an income. After gathering the responses, it can be seen that it is characterized to be an interval data set. This is because there is a natural zero when it comes to individual income and that there are also interpretations that can be taken from the differences between the responses (Simon, 2002).

Likewise, both the ratios and differences can be interpreted for such (Simon, 2002). Considering the data gathered to be normally distributed, this means that the responses are symmetrical with the measures of central tendency to be one or approximately the same. This means that for a given data set, it could be shown that the average individual income derived by the respondents is $5,130. The most frequently occurring income, which is called the mode, is determined to be $5,000.

In addition to this, the median, which is computed by taking the average between the 2500th answer and the 2501st answer, hypothetically is determined to be $5,100. In consideration of these measures of central tendency, it could be determined that the data set is normally distributed because it can be seen that the mean, median, and mode are almost similar. The probability value that is considered for a particular normal curve determines the area within the curve to which a certain value may fall. For example, using a . 05 probability value measures the probability that a particular value lies within the specified range.

We can write a custom essay

According to Your Specific Requirements

Order an essay

You May Also Find These Documents Helpful

Peculiarities of various assignment types

The educational process is diverse and full of interesting writing tasks which help students develop their academic abilities. Different assignments types are created by professionals in order to enhance students’ level of analytical, critical and writing skills and to vary the learning process. As a student, you will encounter numerous tasks of diverse complexities throughout your student life. Sometimes, maybe, too complicated! They have different peculiarities, structural...

Making decisions in health and social care

Critically analyses the concepts, features, and importance of costs and accounting in making decisions in health and social care Cost accounting is a method used in accounting to capture a company’s or organisation’s production costs. It assesses the input costs of every step in production, fixed costs like depreciation of capital equipment. Cost accounting measures and records costs individually then compare the input results via...

Сhildren development

Physical development 7-12 years By the age of 7 a child enjoys things such as bike riding and rollerblading they are now able to tie and untie shoelaces without adult help, they are now starting to understand what rules are and are able to follow simple rules. At 8-12 years a child improves the physical skills that they have already developed and start to see...

Forex international trading market

Introduction Forex exchange is on the rise in Namibia; resulting in more people wanting to learn how to trade to try to increase their income so that they can enhance their standard of living. Forex Foreign exchange identifies the process of converting domestic currency into international banknotes at particular exchange rates (Bofah, 2017, para.1). As the number of foreigners in Namibia is increasing, more Namibians...

Aristotelian idea of God

This image produced in 1544 shows emerging's of the Judeo-Christians and Aristotelian's traditions. Aristotle was very interested in the idea of motion and said “The world is in a constant state of motion and change”. An example of how the world is changing is the growth of trees and plants. Aristotle believed in a prime mover, which is the being which creates change in the...

Get Access To The Full Essay
Materials Daily
100,000+ Subjects
2000+ Topics
Free Plagiarism
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59
Become a Member