Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Range rule of thumb formula

08/11/2021 Client: muhammad11 Deadline: 2 Day

Project 1 Instructions

Please also pay close attention to any additional specifications provided by your professor. Professors often will clarify their expectations regarding the format and presentation of your submission.

The Range Rule of Thumb is based on the insight that the range is often approximately 4 times as large as the standard deviation. This insight enables you to quickly estimate the standard deviation of a data set by finding the maximum and minimum data values, using them to compute the range, and then dividing this value by 4.

1. Each of the following 5 data sets has a mean close to 100, and a standard deviation in the 20s. Assume that each of these are sample data sets. For each of the 5 data sets given below, use the Excel function “=stdev.s” (or technology) to find the actual sample standard deviation (10 points), compute the estimate given by the Range Rule of Thumb (RROT) Estimate (10 points), and compute the percentage error of the estimate (10 points). The formula for the RROT estimate is RROT estimate = Range/4 (where the range = maximum value – minimum value), on the assumption that the Standard Deviation RROT estimate. The formula used to find the percentage error of the estimate is:

% Error = | RROT Estimate – Standard deviation | / Standard Deviation × 100%.

a. Data Set 1: No outliers

77

77

77

77

77

123

123

123

123

123

Actual Standard deviation = RROT Estimate = % Error =

b. Data Set 2: 1 outlier

88

91

91

91

91

92

92

92

92

170

Actual Standard deviation = RROT Estimate = % Error =

c. Data Set 3: 2 outliers

48

96

98

99

100

100

101

102

104

152

Actual Standard deviation = RROT Estimate = % Error =

d. Data Set 4: Normal (Bell-Shaped) Distribution

61

77

84

91

97

103

109

116

125

138

Actual Standard deviation = RROT Estimate = % Error =

e. Data Set 5: Uniform Distribution (evenly-spaced values)

65

73

81

89

97

105

113

121

129

137

Actual Standard deviation = RROT Estimate = % Error =

2. Summarize what you learned:

a) Does the Range Rule of Thumb estimate more often underestimate or overestimate the actual standard deviation? (3 points)

b) What is the largest percentage error? (3 points)

c) Each of the data sets given above is artificially contrived. If you were to apply the RROT estimate to a typical real-world data set, about how accurate would you expect it to be (your answer here should be a numerical estimate of the percentage error, based on your previous results)? (4 points)

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Study Master
Premium Solutions
Financial Hub
Pro Writer
Homework Guru
Phd Writer
Writer Writer Name Offer Chat
Study Master

ONLINE

Study Master

I have worked on wide variety of research papers including; Analytical research paper, Argumentative research paper, Interpretative research, experimental research etc.

$39 Chat With Writer
Premium Solutions

ONLINE

Premium Solutions

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$39 Chat With Writer
Financial Hub

ONLINE

Financial Hub

I will be delighted to work on your project. As an experienced writer, I can provide you top quality, well researched, concise and error-free work within your provided deadline at very reasonable prices.

$42 Chat With Writer
Pro Writer

ONLINE

Pro Writer

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$23 Chat With Writer
Homework Guru

ONLINE

Homework Guru

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$44 Chat With Writer
Phd Writer

ONLINE

Phd Writer

As per my knowledge I can assist you in writing a perfect Planning, Marketing Research, Business Pitches, Business Proposals, Business Feasibility Reports and Content within your given deadline and budget.

$15 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

5e lesson plan template - Eec iv stand alone - Radne raket 120 parts - Integral of secx tanx dx - Fitness fanatics is a regional chain of health - Java netbeans project on computer quiz - Interprofessional Organizational and Systems Leadership - What is a stopped housing joint - Mutual rescission and release agreement - Shadow health chest pain documentation - Synopsis summary - Certificate iv mental health tafe - Batna case study - Galvanic body spa benefits - DB 1 L&E - Government INtervention Analysis - What is a 3rd angle projection - Hardy spicer tailshafts adelaide - Forms of Nursing Inquiry: Quality improvement (QI), Research, and Evidence-Based Practice (EBP) - Ridgecrest school dispute negotiation simulation - Employee tardiness warning letter - Biozone unit 3 and 4 answers - 213 bunche circle cowpens sc - My big fat greek wedding reflection questions answers - What's driving porsche case study - Hire a professional team of CV writers. - ACCT105 - Equipotential bonding as 3000 - Pediatric uti soap note - Casey caterpillar handwriting sheets - Toyota starlet dash clock - Consumers and - Cos tan 1 sin cot 1x - Charlton heston bowling for columbine - PPT - Monthly retirement planning worksheet answers - Searching for Evidence to Improve Nursing Outcomes - Case study 1 & 2 separate each case study. APA style - Gerund exercises multiple choice - Marketing written report - Generally the revenue account for a merchandising enterprise is called - Micom relay price list - Communicating in the workplace cheesebro - Monkey on my back management book - Fpa code of professional practice - Neurological Disorders - Final draft worksheet - Peak envelope power vs average power - Soweto gospel choir darwin entertainment centre 17 july - Chromatography of food dyes lab results - Global Healthcare Comparison Matrix and Narrative Statement - Calming and alerting sensory activities - Analyzing a Written Text Essay Assignment - MGT312T Week 5 Knowledge Check SCORE 100 PERCENT - Stark state angel login - Protocol comparison - Handbook of informatics for nurses & healthcare professionals pdf - Rhetorical fallacy in the workplace - Fir filter design ppt - Good palliative geriatric practice algorithm - Order 2447159: Please see instructions - Handmaid's tale archive of our own - Flr fp processing time - Hudl camera not working - Continuing cookie chronicle answers chapter 4 - Telstra business byo plans - Kid kustomers eric schlosser - Lighting strategy - Hyatt regency hotel walkway - What does juliet plan to do with the cords - Strategic audit outline - 600 minimum word memorandum - Perspex rod static electricity - Barunga festival program 2021 - Econ problem2 - Bridge to terabithia book chapter 2 - Aggrieved entitlement definition - Analysis of Ethical Considerations - Century ultra hi performance 4wd battery ns70lx mf - The jamaican religious group which stresses millenarianism is - 2015 economics hsc answers - Homework - Alesta powder coatings colors - Operations management final exam questions and answers - Intimate frontiers sparknotes - Samples of stitch fix outfits - OE-paper16 - Psychotherapeutic Approaches to Group Therapy for Addiction - Closed stratification system example - Special occasion speech eulogy outline - Jean watson theory of caring powerpoint - On course journal entry 6 - Metaphors in song lyrics 2012 - Android malware detection on machine learning - Alpha cell deep cycle battery - Unit 3 Assignment-Descriptive Statistics - Ivy lee four important contributions to public relations - Raymor amethyst counter top basin - Swot analysis for parks and recreation - Turning great strategy into great performance pdf