You are estimating the cost of a personnel shelter and you h

You are estimating the cost of a personnel shelter and you have collected cost data on 10 shelters. The mean cost was $16,693. The median cost is $17,402. There is a range in the cost of $10,095. The standard deviation is $2,270. If you use the average cost of the shelters as your estimate, then, on average:

Solution

ANSWER: You could expect to be off by 20.42% [best answer]

Why???
(mean - median)/standard deviation = (16693-17402)/3409

Pearson\'s skewness coefficient is a measure defined by (mean ? median) / standard deviation