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$ 40,000.00 $ 35,000.00 $ 65,750.00 $ 25,000.00 43,678 $ 16,780.00 $ 80,000.00 $ 75,500.00 $ 99,199.00 $ 40,000.00 $ 60,450.00 $ 54,600.00 $ 10,760.00
| $ 40,000.00 |
| $ 35,000.00 |
| $ 65,750.00 |
| $ 25,000.00 |
| 43,678 |
| $ 16,780.00 |
| $ 80,000.00 |
| $ 75,500.00 |
| $ 99,199.00 |
| $ 40,000.00 |
| $ 60,450.00 |
| $ 54,600.00 |
| $ 10,760.00 |
| $ 17,000.00 |
| $ 99,998.00 |
| Calculate the values below by hand. | |||||||||
| Show your work below: | Answer: | ||||||||
| Mean for your data | |||||||||
| Median for your data | |||||||||
| Mode for your data | |||||||||
| Range for your data | |||||||||
| Verify the statistics you computed above using Microsoft Excel formulas below. | |||||||||
| Click on the video link for additional help: https://youtu.be/Da_RzJvdTmc | |||||||||
| Mean for your data | |||||||||
| Median for your data | |||||||||
| Mode for your data | |||||||||
| Range for your data | |||||||||
| Now suppose you inherit a $1,000,000 home from a long lost relative. Using this additional home, recalculate the mean, median, mode and range using Microsoft Excel formulas below. | |||||||||
| Mean for your data | |||||||||
| Median for your data | |||||||||
| Mode for your data | |||||||||
| Range for your data | |||||||||
| Review the sixteen home prices and determine if there are any unusual data values (like outliers). If there are, explain how they impact the mean, median, mode and range you calculated. | |||||||||
| explain which statistic (mean, median, or mode) do you think is the best measure of center for the price of a house? Justify your answer. | |||||||||
| describe the value of understanding mean, median and mode when making other large purchases such as land, cars, etc. Explain how this information will make you a better negotiator. | |||||||||
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Algebra And Number Theory An Integrated Approach
Authors: Martyn R Dixon, Leonid A Kurdachenko, Igor Ya Subbotin
1st Edition
0470640537, 9780470640531
