In Exercises, find the (a)mean, (b) median, (c) mode, and (d) midrange for the given sample data. Express answers with the appropriate units of measurement. Then answer the given questions.

Ghost Prices Listed below are the prices listed for Norton Ghost 14.0 software from these vendors: Newegg, Dell, Buycheapsoftware.com, PC Connection, Walmart, and Overstock.com. For this collection of data values, are any of the measures of center the most important statistic? Is there a different statistic that is most relevant here? If so, which one?

Answer :

Step 1 of 1 :

Ghost Prices Listed below are the prices listed for Norton Ghost 14.0 software from these vendors: Newegg, Dell, Buycheapsoftware.com, PC Connection, Walmart, and overstock.com

$55.99 , $69.99 , $48.95 , $48.92 , $71.77 , $59.68

Now we have to find the (a)mean, (b) median, (c) mode, and

(d) midrange for the given sample data.

a).

Mean :

Mean is calculated by adding up all the number and dividing that sum by the total number of numbers.

The formula for Mean is

Here,

∑, represents the summation

X, represents Ghost Price

N, represents total number of Ghost Price.

Mean =

Mean =

Mean =

Mean = 59.216

Mean $...