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Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 3 - Review - Review Exercises - Page 183: 2a

Answer

$Mean=10178.9~dollars$ $Median=9980~dollars$

Work Step by Step

In ascendind order: 5500, 7200, 7889, 8998, 9980, 10995, 12999, 13999, 14050 $Mean=\frac{5500+7200+7889+8998+9980+10995+12999+13999+14050}{9}=10178.9$ There are nine observations. So, the median is the fifth observation in ascending order. $Median=9980$
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