The cost of televisions exhibits huge variationfrom $100200 for a standard TV to $8,00010,000 for a large

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The cost of televisions exhibits huge variation—from $100–200 for a standard TV to $8,000–10,000 for a large plasma screen TV. Consumer Reports gives the prices for the top 10 LCD high definition TVs (HDTVs) in the 30- to 40-inch category:6

Brand                                                                                         Price
JVC LT-40FH96...................................................................... $2900
Sony Bravia KDL-V32XBR1.................................................. 1800
Sony Bravia KDL-V40XBR1.................................................. 2600
Toshiba 37HLX95................................................................. 3000
Sharp Aquos LC-32DA5U....................................................1300
Sony Bravia KLV-S32A10.....................................................1500
Panasonic Viera TC-32LX50............................................... 1350
JVC LT-37X776..................................................................... 2000
LG 37LP1D.......................................................................... 2200
Samsung LN-R328W......................................................... 1200

a. What is the average price of these 10 HDTVs?
b. What is the median price of these 10 HDTVs?
c. As a consumer, would you be interested in the average cost of an HDTV? What other variables would be important to you?

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Introduction To Probability And Statistics

ISBN: 9780495389538

13th Edition

Authors: William Mendenhall, Robert J. Beaver, Barbara M. Beaver

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