Asked by Kevin A Simpson on Apr 24, 2024

What statistic are you calculating if you add the income of ten people and divide that sum by ten?

A) the mean
B) the median
C) the correlation coefficient
D) a rate
E) all of these choices

The Mean

A statistical measure representing the average value of a set of numbers, calculated by dividing the sum of all values by the number of values.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together, representing the strength and direction of their relationship.

  • Detail the utilization of assorted data analysis approaches and statistical calculations in survey research.