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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?

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