sample data in milions of dollars. Given that hese are the top 10 salaries, do w

Question

sample data in milions of dollars. Given that hese are the top 10 salaries, do we kn used below arete 10 ons of Find the ao mean, a) )mode, and midange forthe given anything about salaries of TV personaltiesin genera? Are such top 10 lists valuable for gaining insight into the larger population? 1A 94 10.1 92 382 362 358 278 132 The mean is mype an integer or a decimal) b. The median is integer or a dedmal) .Select the oormed dolce below and win any answer bexesin Your choice. A The mode is O use a oommato separate answers as needed) OB There is no mode d The midrange Given thatthese are one segment of the salaries of peronaites, they gve alotofinomatonabout hesawee of TV perwonalies ingeneral OB since De sample values are the 10 ighest, they give almost no tout salaries TV peronatesin mera of TV with smal samples, a lot of nformation i on the salaries O c sine he mean median, and midange are salaries of TV personalties in general O D Since the mean, median and midange are based on a smal sample,ne information given enne is O A Yes, because the mean medan and nidrange relatvely relable even we smal samples No, because such top represent an extreme subiet of Pe povulaton rather han he wgerpepuaion cack to select your answer MacBook Air

Explanation / Answer

Answers for both of the question are option B & D.

For the first question, we are given the top 10 salaries of the TV personalities. If we do mean median or mode or any other central tendency to get an overview of the general salary of the TV personalities it will obviously overestimate. Besides that, the group TV personalities is a huge group. There a sample of just 10 that is not even 1% of the total population size which is really very very small. Also the sample is taken from a particular section that is from the top section. So we an conclude that it gives no information at all about the salary of the TV personalities in general.

For the second question, no we cant get any insight into larger population for such a small and biased sample. It can only give an insight about the highest salary of TV personalities not any insight aout a lager population. It can neighter give any insight about the highest paid TV personalities for a larger population beause the sample is not random. It takes only the highest 10 values.

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