here are 6 celebrities with some of the highest net worths (in millions of dollars) in a recent year: george…

here are 6 celebrities with some of the highest net worths (in millions of dollars) in a recent year: george lucas (5500), steven spielberg (3700), paul mccartney (1200), j. k. rowling (1000), david copperfield (1000), and jerry seinfeld (950). find the range, variance, and standard deviation for the sample data. what do the results tell us about the population of all celebrities? based on the nature of the amounts, what can be inferred about their precision? the range is $ million. (round to the nearest integer as needed.)

here are 6 celebrities with some of the highest net worths (in millions of dollars) in a recent year: george lucas (5500), steven spielberg (3700), paul mccartney (1200), j. k. rowling (1000), david copperfield (1000), and jerry seinfeld (950). find the range, variance, and standard deviation for the sample data. what do the results tell us about the population of all celebrities? based on the nature of the amounts, what can be inferred about their precision? the range is $ million. (round to the nearest integer as needed.)

Answer

Explanation:

Step1: Find the maximum and minimum values

The data set is {5500, 3700, 1200, 1000, 1000, 950}. The maximum value $x_{max}=5500$ and the minimum value $x_{min}=950$.

Step2: Calculate the range

The formula for the range $R$ of a data - set is $R=x_{max}-x_{min}$. So, $R = 5500 - 950=4550$.

Answer:

4550