Solution Found!
In Exercises, find the (a)mean, (b) median,
Chapter 3, Problem 11BSC(choose chapter or problem)
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?
Questions & Answers
QUESTION:
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:
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
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