Compute Three Measures of Central Tendency and Two Measures of Variability

question 8

Essay

Compute three measures of central tendency and two measures of variability for the following data set: When asked their age, ten college students responded: 21, 19, 20, 18, 18, 19, 33, 22, 19, 18. Given this distribution, which measures of central tendency and variability are most appropriate? Explain your decision, drawing a graph or creating a frequency distribution as necessary.

Recognize the role and assumptions of intuition in the decision-making process.

Identify strategies to develop different cognitive abilities related to decision making.

Understand the process and importance of creativity in decision making.

Understand different decision-making models and their application in various scenarios.

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Definitions:

Optimist

An individual who habitually looks on the more favorable side of events or conditions and expects the most favorable outcome.

Salesperson

A professional who sells products or services, often directly to consumers, playing a crucial role in the customer purchase experience.

Formal Guidelines

Officially established rules or instructions that dictate how something should be done, ensuring consistency and compliance in various procedures or behaviors.

Ethical Behavior

Conducting oneself in accordance with moral principles, societal norms, and professional standards of conduct.