Chapter 3 Descriptive Statistics II - Part 1(1).docx

Chapter 3 Descriptive Statistics II - Part 1(1).docx - OPRE...

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OPRE 3360 - Managerial Methods in Decision Making Under Uncertainty Chapter 3 – Part 1: Mean, Median, Mode, Weighted Average, Geometric Average, Percentiles, Quartiles Name ___________________________________________ Net-ID__________________________ 1. Consider a sample with data values of 53, 55, 70, 58, 64, 57, 69, 59, 68, and 53. Compute the mean, median, and mode. 2. Consider the following data. Compute the weighted mean Compute the mean Why these two means are different? Data (x i ) Weights (w
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  • Spring '14
  • Mean, geometric average, Managerial Methods, Making Under Uncertainty

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