2 Choosing the Best Measure of Center Find the mean, median, and mode of the sneaker...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665b6fc183a76_416665b6fc0b3b20.jpg)
Transcribed Image Text:
2 Choosing the Best Measure of Center Find the mean, median, and mode of the sneaker prices. Which measure best represents the data? Mean: 20+31 +122 +48 +37 +20 +45 + 65 8 = 388 8 , or 48.5 Median: 20, 20, 31, 37, 45, 48, 65, 122 Order from least to greatest. 37+45 82 or 41 2 2 Mode: 20, 20, 31, 37, 45, 48, 65, 122 The value 20 occurs most often. Price (dollars) 20 + 30 40 + 50 60 70 80 90 100 110 120 130 Mean: 48.5 Mode: 20 Median: 41 The median best represents the data. The mode is less than most of the data, and the mean is greater than most of the data. On Your Own Find the mean, median, and mode of the data. Choose the measure that best represents the data. Explain your reasoning. 3. 1, 93, 46, 48, 34, 194, 67, 55 4. 96, 150, 102, 87, 150, 75 3 An outlier is a data value that is much greater or much less than the other values. Removing an Outlier Identify the outlier in Example 2. Find the mean, median, and mode without the outlier. Which measure does the outlier affect the most? The price of $122 is much greater than any other price. So, it is the outlier. Mean Median Mode 2 Choosing the Best Measure of Center Find the mean, median, and mode of the sneaker prices. Which measure best represents the data? Mean: 20+31 +122 +48 +37 +20 +45 + 65 8 = 388 8 , or 48.5 Median: 20, 20, 31, 37, 45, 48, 65, 122 Order from least to greatest. 37+45 82 or 41 2 2 Mode: 20, 20, 31, 37, 45, 48, 65, 122 The value 20 occurs most often. Price (dollars) 20 + 30 40 + 50 60 70 80 90 100 110 120 130 Mean: 48.5 Mode: 20 Median: 41 The median best represents the data. The mode is less than most of the data, and the mean is greater than most of the data. On Your Own Find the mean, median, and mode of the data. Choose the measure that best represents the data. Explain your reasoning. 3. 1, 93, 46, 48, 34, 194, 67, 55 4. 96, 150, 102, 87, 150, 75 3 An outlier is a data value that is much greater or much less than the other values. Removing an Outlier Identify the outlier in Example 2. Find the mean, median, and mode without the outlier. Which measure does the outlier affect the most? The price of $122 is much greater than any other price. So, it is the outlier. Mean Median Mode
Expert Answer:
Posted Date:
Students also viewed these mathematics questions
-
Portland Lumber Company incurs a cost of $452 per hundred board feet (hbf) in processing certain "rough-cut" lumber, which it sells for $611 per hbf. An alternative is to produce a "finished cut" at...
-
The payroll register of Heritage Co. indicates $4,800 of social security withheld and $1,200 of Medicare tax withheld on total salaries of $80,000 for the period. Federal withholding for the period...
-
Recently, DPL appointed its new chief executive officer (CEO) and has been tasked by the board to make a presentation about the financial performance and position of the company for the recent two...
-
Compare and contrast speed, consistency, and flexibility as operational performance activities. In some situations, is one activity more critical than others?
-
Discuss the major considerations that a firm must address when implementing APS.
-
There is a great deal of flexibility inherent in the interpretation of the statutory and professional rules relating to accounting. To what extent does this create dangers for the auditor?
-
What is meant by availability in logistics customer service? Provide examples of the different ways to monitor a firm's performance in availability.
-
The performing stage of group development is characterized by __________. a. terminating group activities b. conflict and confrontation c. accomplishing accepted tasks d. developing group cohesion
-
MTM Company declared a $125,000 cash dividend on December 1, 2007 to be paid on January 1, 2008. The entry on December 1, 2007 for this event would include a debit to: a. retained earnings. b....
-
Good Industries is a large manufacturer of chemicals used in pesticides. The company has been experiencing slow market growth in the last five years and a continued increase in raw materials costs....
-
Clemente Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are in- curred uniformly. Production and...
-
The following processes were identified by the Bessie Bread Company. Each process is treated as a separate profit centre, and transfer prices are charged in internal transfers between internal...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App