The Printout Below Contains Summary Statistics of the Heights of a Sample

question 97

Essay

The printout below contains summary statistics of the heights of a sample of 200 adult men in the United States.

Descriptive Statistics: HT $$\begin{array} { | l | l | l | l | l | l | l | l | l } \hline \text { Variable } & \mathrm { N } & \text { Mean } & \text { StDev } & \text { Minimum } & \text { Q1 } & \text { Median } & \text { Q2 } & \\\hline \text { HT } & 200 & 70.187 & 2.716 & 62.375 & 67.875 & 69.625 & 71.500 & \\\hline\end{array}$$ Use the information in the printout to determine whether the distribution of heights is approximately normal. Explain your reasoning.

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Definitions:

Increased Choices

A market condition where consumers have a wider range of products or services to choose from, often due to innovation or increased competition.

Monopolies

Describes a market structure in which a single seller dominates the market, facing little to no competition.

Marketers

Professionals engaged in the promotion, distribution, and selling of products or services to consumers or other businesses.

Potential Opportunities

Situations or conditions that could lead to positive outcomes or advantages if properly leveraged.