14. A local comic book convention had an admission price of $17. During the
week-long show, 19,344 people paid to enter.
a. What is the range of the distribution of admission fees?
b. What is the standard deviation of the distribution of admission fees?
c. If the range of a distribution is 0, must its standard deviation also be 0?
Explain.
d. The number of people who attended each of the 7 days is listed below.
Day
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
Number
of People
178
246
222
567
1200
5560
11,371
Explain if the range is a good measure of dispersion to describe this
distribution of attendance figures.

Respuesta :

The range of the attendance is given as: 11193.

What is the calculation that justified the above?

In statistics, the range of a data set is the difference between the greatest and lowest values. While range has many definitions in various fields of statistics and mathematics, this is the most fundamental definition and is what the given calculator uses. Continuing with the same example:

Arranged in ascending order, the values are:
178,

246,

222,

567,

1200,

5560,

11371,

The highest thus, is: 11,371, while the lowest is 178. Hence, the range is

Range = 11,371 - 178

Range = 11,193

Is range a good measure of statistical dispersion?

Because it is influenced by outliers, the RANGE is a poor measure of dispersion.

It just takes the two most extreme values from a dataset. It is wasteful of resources to utilize the two extreme values in a dataset since all values in between the maximum and lowest are ignored.

What is the Standard Deviation of the distribution of Admission fees?

The standard deviation (σ) is given as  = 3939.9139170126

What are the steps justifying the above computation?

Recall that the formula for Standard Deviation is given as:

[tex]s = \sqrt{\frac{1}{N-1} \sum_{i=1}^N (x_i - \overline{x})^2} .[/tex]

s² =  [Σ(xi - μ)²]/N

s² = [(178 - 2763.4285714286)² + ... + (11371 - 2763.4285714286)²]/7

s² = 108660451.71429/7

s² = 15522921.673469

s = √15522921.673469

= 3939.9139170126

If the range of a distribution is 0, must its standard deviation also be 0?

When the Range is zero, this indicates that every data point equals the mean.

Together with the previous result, we may conclude that the sample standard deviation of a data set is zero if and only if all of its values are equal.

Learn more about range:
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