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The mean of 10 observations was found to be 28. Later, it was discovered that one observation 14 was misread as 24. Find the correct mean? (A) 25 (B) 26 (C) 27 (D) 29Mean =sum of observation ÷no. Of observationAccording to first statementSum=280As instead of 14,24 was misread,so we have to subtract 24 from 280280-24=256Then,we add correct observation i.e 14 in 256256+14=270Now , correct mean=270÷10=27So, correct mean is 27
When Anton Hysen came out publicly as gay in 2011, how much of the media interest was due to his famous father (Glenn Hysen)?It's hard to say how much, since there are three parts of this story that made it newsworthy:1) Anton is a soccer player. He's not on the same level as his dad, yet he was one of the first openly gay soccer players in Sweden and Europe.2) Anton is good looking. This might sound superficial, but traditionally good looking people get more news coverage than average people, especially in gay media (just look at how much coverage straight handsome guys get in gay media)3) he is the son of a famous soccer player. Of course this played into the newsworthiness of the story. But how much is not quantifiable.
Who can figure out (mathematically) how sure you should be of an answer (expressed as a certain percentage) to fill it in on a test with guess correction vs. leaving the question blank?See my answer to How can I apply statistics to solve multiple choices? How can I understand when it is a convenient answer or not?.
In this report, analysts both rate the stock a '2' out of '10', which corresponds to a highly negative outlook and rate the stock as a 'Strong Buy'. How can these two pieces of information be reconciled?Likely because they believe the stock’s price dropped more than it should have because of the highly negative outlook. That is, they agree that bad things are happening and will continue to happen to the company. However, they also believe that the price of the stock is lower than it should be even given that information.