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Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the advertising expenditures for 50 manufacturing

Advertising expenses are a significant component of the cost of goods sold. Listed below is a frequency distribution showing the advertising expenditures for 50 manufacturing companies. Estimate the mean, median, and standard deviation of advertising expense. (Round the final answers to 2 decimal places.)

Advertising Expenditure ($ millions)

Number of companies

$25 to under $35 5
35 to under 45 9
45 to under 55 16
55 to under 65 11
65 to under 75 9
Total 50

Mean ?

Median ?

Standard deviation ?

Determine the mean, median, and standard deviation of the following frequency distribution: (Round the final answers to 2 decimal places.)

Class

Frequency

0 to under 5 4
5 to under 10 5
10 to under 15 14
15 to under 20 5
20 to under 25 4

Mean

Median

Standard deviation

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