Unformatted text preview: 100.9 & standard deviation = 23.2284761718 Answer: There are two levels of measurement here: Nominal scale & Ratio measurement. The most appropriate measure of location here would be "Mode" because only mode can be defined for Nominal scale out of all measures of central tendency. a. Obtain the mean and median for the variables winning time and payoff on a $2 bet. b. Determine the range and standard deviation of the variables time and payoff. Answer: For time,range=maximum-minimum= c. Refer to the variable winning margin. What is the level of measurement? What measure of location would be most appropriate?...
View Full Document
- Spring '10
- Standard Deviation, Kentucky Derby, Barbaro