A comprehensive study of more than 3,000 baseball games in the graph below showing relative frequencies of runs scored by home t
eams. Based on the graph, which would you expect to be greater: mean or median? Explain.
1 answer:
Answer:
The correct answer is the Mean is greater than the median value if X.
Explanation:
Solution
From the question given, we will find out which is greater between the mean and median
Now,
The median value of X is less than the mean.
For a right skewed distribution the mean is greater than a median. it can be seen that the distribution the distribution of X is right positively/skewed/ or X has a longer right tail.
Note: Kindly find an attached copy of the complete question given.
I solved just a part of the question given here.
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The nation that has the absolute advantage in peanuts is India.
<h3>How to solve for the absolute advantage of these countries</h3>a. The country that has the absolute advantage in the pounds of peanuts is India. They are able to produce 10 million worth of the product.
b. This is in the attachment
c. From the calculated opportunity costs, India has been shown to have the comparative advantage in peanuts so they have to specialize here.
The US on the other hand has to specialize in pecans because they have the comparative advantage in it.
d) The PPC for each country is a diagram
e. ) The terms of trade would be a pound of peanut for a pound of pec an for the countries.
Based on this the US would produce 10 units for pecans. They would use 5 units and exchange the remaining 5 units of pecans for 5 units of peanuts from India.
India is also going to do likewise.
Read more on production possibility curve here:
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