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BUSAN205-25A (HAM), BUSAN573-25A (HAM) - Business Applications of Data Analytics & ECONS507-25A (HAM) - Quantitative Methods for Business Analysis

Looking for BUSAN205-25A (HAM), BUSAN573-25A (HAM) - Business Applications of Data Analytics & ECONS507-25A (HAM) - Quantitative Methods for Business Analysis test answers and solutions? Browse our comprehensive collection of verified answers for BUSAN205-25A (HAM), BUSAN573-25A (HAM) - Business Applications of Data Analytics & ECONS507-25A (HAM) - Quantitative Methods for Business Analysis at elearn.waikato.ac.nz.

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Use the accompany EXCEL output provided and select the correct statement.

Table 1 NZ Corporate Profitability NZX Descriptive Stats

The most common reported profit of NZ companies listed on the NZX was $0.104 billion

The range of the profits was $7.94 billion, indicating there may be some outliers in the data

100%

On average, profit values deviate from the mean by $0.249 billion

The mean is greater than the median, indicating that there is a large negative skew

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A researcher is studying the average weight of cats in a shelter. They collect data from a small sample (20 cats) and find a high standard error for the mean weight.

Which of the following is likely to happen if the researcher collects data from a much larger sample (100 cats) instead?

The standard error of the mean will remain exactly the same

The standard error of the mean will likely become smaller.

100%

It's impossible to predict the effect on the standard error

The standard error of the mean will likely become larger.

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