Question
Jason recorded the price of the seven race cars he sold this week in the table below. Price per Race Car Number of race cars
Jason recorded the price of the seven race cars he sold this week in the table below.
Price per Race Car Number of race cars
$126,000. 1
$140,000. 2
$180,000. 1
$400,000. 2
$819,000. 1
Part A: What is the mean value of these race cars in dollars?
Part B: What is the median value of these race cars in dollars?
Part C: If Jason earns commission each week on his sales, should he use the Mean or the Median Value to predict his commissions next week?
Part D: Justify your answer in Part C using 3-4 sentences. Your explanation should include at least 4 of the following words:
Mean
Median
Outlier
Data or Data Values
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