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QUESTION

After Jasmine viewed this data, she said quot;This data is very symmetrical: the mean and median are virtually the same value.

  1. After Jasmine viewed this data, she said "This data is very symmetrical: the mean and median are virtually the same value." Clearly state why you do or why you don't agree with Jasmine's statement.
  2. Jasmine continues... "I'm a little confused though. Since a symmetrical data set should follow the empirical rule, why doesn't the mean of $0.85 divided by the standard deviation of $0.13 equal an exact 3?" Clearly state a thorough answer to Jasmine's question.

Cost per gourmet cookie ($)

Z-scores

0.54

Count

8

Skewness

-0.31784

-2.453674623

1.00

Mean

0.8525

Skewness Standard Error

0.65134

1.158134422

0.94

Mean LCL

0.74602

Kurtosis

1.76344

0.687028894

0.87

Mean UCL

0.95898

Kurtosis Standard Error

0.90666

0.137405779

0.88

Variance

0.01622

Skewness (Fisher's)

-0.39642

0.215923367

0.74

Standard Deviation

0.12736

Kurtosis (Fisher's)

-1.19677

-0.883322864

0.65

Mean Standard Error

0.04503

Coefficient of Variation

0.1494

-1.589981156

0.75

Minimum

0.65

Mean Deviation

0.10438

-0.804805276

0.99

Maximum

1.

Second Moment

0.01419

1.079616834

Range

0.35

Third Moment

-0.00054

Sum

6.82

Fourth Moment

0.00036

Sum Standard Error

0.36024

Median

0.875

Total Sum Squares

5.9276

Median Error

0.01995

Adjusted Sum Squares

0.11355

Percentile 25% (Q1)

0.75

Geometric Mean

0.84381

Percentile 75% (Q3)

0.99

Harmonic Mean

0.83482

IQR

0.24

Mode

#N/A

MAD (Median Absolute Deviation)

0.12

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