Use the data to create a box and whisker plot. 81, 73, 88, 85, 81, 72, 86, 72, 79, 75, 76

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Name and describe the three most important measures of central tendency. choose the correct answer below. a. the mean, sample size, and mode are the most important measures of central tendency. the mean of a data set is the sum of the observations divided by the middle value in its ordered list. the sample size of a data set is the number of observations. the mode of a data set is its highest value in its ordered list. b. the sample size, median, and mode are the most important measures of central tendency. the sample size of a data set is the difference between the highest value and lowest value in its ordered list. the median of a data set is its most frequently occurring value. the mode of a data set is sum of the observations divided by the number of observations. c. the mean, median, and mode are the most important measures of central tendency. the mean of a data set is the product of the observations divided by the number of observations. the median of a data set is the lowest value in its ordered list. the mode of a data set is its least frequently occurring value. d. the mean, median, and mode are the most important measures of central tendency. the mean of a data set is its arithmetic average. the median of a data set is the middle value in its ordered list. the mode of a data set is its most frequently occurring value.

Jobs and productivity! how do retail stores rate? one way to answer this question is to examine annual profits per employee. the following data give annual profits per employee (in units of 1 thousand dollars per employee) for companies in retail sales. assume σ ≈ 4.0 thousand dollars. 3.7 6.7 3.6 8.5 7.5 5.9 8.7 6.4 2.6 2.9 8.1 −1.9 11.9 8.2 6.4 4.7 5.5 4.8 3.0 4.3 −6.0 1.5 2.9 4.8 −1.7 9.4 5.5 5.8 4.7 6.2 15.0 4.1 3.7 5.1 4.2 (a) use a calculator or appropriate computer software to find x for the preceding data. (round your answer to two decimal places.) thousand dollars per employee (b) let us say that the preceding data are representative of the entire sector of retail sales companies. find an 80% confidence interval for μ, the average annual profit per employee for retail sales. (round your answers to two decimal places.) lower limit -- thousand dollars upper limit -- thousand dollars (c) let us say that you are the manager of a retail store with a large number of employees. suppose the annual profits are less than 3 thousand dollars per employee. do you think this might be low compared with other retail stores? explain by referring to the confidence interval you computed in part (b). yes. this confidence interval suggests that the profits per employee are less than those of other retail stores. no. this confidence interval suggests that the profits per employee do not differ from those of other retail stores. correct: your answer is correct. (d) suppose the annual profits are more than 6.5 thousand dollars per employee. as store manager, would you feel somewhat better? explain by referring to the confidence interval you computed in part (b). yes. this confidence interval suggests that the profits per employee are greater than those of other retail stores. no. this confidence interval suggests that the profits per employee do not differ from those of other retail stores. (e) find an 95% confidence interval for μ, the average annual profit per employee for retail sales. (round your answers to two decimal places.) lower limit 3.75 incorrect: your answer is incorrect. thousand dollars upper limit 6.41 incorrect: your answer is incorrect. thousand dollars

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