From-the-e-Activity-the-table-shows-Average-Insurance-Costs-by-State-MAT-300-Statistics-Week-3-Discussion-1

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“Data Description” (Note: Please respond to one [1] of the following two [2] bulleted items)

  • From the e-Activity, the table shows Average Insurance Costs by State. Select two (2) states that are of interest to you. Next, speculate on three (3) possible reasons why the states you have chosen would have a difference in average insurance costs.
  • From the e-Activity, select ten (10) states and calculate the mean and standard deviation for average insurance costs.  Next, calculate the mean and standard deviation for average insurance costs for all 51 states. Compare and contrast the means and standard deviations for the ten (10) states you selected and all fifty one (51) states.

Week 3 Internet Resources

Resources from the Internet can be valuable supplementary resources for self-study. One of the most widely acclaimed resources is the “ Kahn Academy” which has a large library of short videos on math and other topics. The following is a list of Kahn Academy videos about topics covered in this week’s lessons. You may wish to explore this resource on your own, if you see fit.

  1. Click here to view the video titled Mean, Median, and Mode.
  2. Click here to view the video titled Sample mean vs population mean.
  3. Click here to view the video titled Range, Variance, and Standard Deviation.
  4. Click here to view the video titled Variance of a population.
  5. Click here to view the video titled Sample Variance.
  6. Click here to view the video titled Population Standard Deviation.
  7. Click here to view the video titled Sample Standard Deviation and Bias.
  8. Click here to view the video titled Law of Large Numbers.
  9. Click here to view the video titled Box-and-Whisker Plots.

 
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