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Facing declining revenues, the owner of a video club arbitrarily selected 68 files from his membership list to determine the number of videos rented per
Facing declining revenues, the owner of a video club arbitrarily selected 68 files from his membership list to determine the number of videos rented per household last month. Below is the data:
X | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 10 | 14 |
f | 10 | 9 | 11 | 7 | 13 | 9 | 5 | 1 | 3 | 4 | 2 |
1. Find the median number of videos rented.
2. The profit per video rented is roughly $0.60. If there are a total of 2648 members, estimate the monthly profit using the median number from the survey.
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