question archive The following closing prices were recorded from a sample of randomly selected commodities listed on the Chicago Mercantile Exchange
The following closing prices were recorded from a sample of randomly selected commodities listed on the Chicago Mercantile Exchange
Subject:StatisticsPrice: Bought3
The following closing prices were recorded from a sample of randomly selected commodities listed on the Chicago Mercantile Exchange. Each value represents the commodity’s value at the close of trading on January 31, 2014.119,125,122,119,128,125,122,120,123,119,118,130,120,122,122(A) Define the population, unit of sample, the measure for these observations and fully define the Range.(B) Construct the data table, graph the relative frequencies and compute the mean and variance.(C) Assume these commodities are my only options in my 401k plan, what’s the probability I pick one that closes above 125?
