SOLUTION: 0.10, 1.25, 1.50, 1.50, 1.75, 2.00, 2.00, 2.00, 2.00, 2.00 Which measure of central tendency will give the highest price? A.mean B.median C.mode D.Range

Algebra ->  Formulas -> SOLUTION: 0.10, 1.25, 1.50, 1.50, 1.75, 2.00, 2.00, 2.00, 2.00, 2.00 Which measure of central tendency will give the highest price? A.mean B.median C.mode D.Range      Log On


   



Question 207356This question is from textbook
: 0.10, 1.25, 1.50, 1.50, 1.75, 2.00, 2.00, 2.00, 2.00, 2.00
Which measure of central tendency will give the highest price?
A.mean
B.median
C.mode
D.Range
This question is from textbook

Answer by Edwin McCravy(20056) About Me  (Show Source):
You can put this solution on YOUR website!
0.10, 1.25, 1.50, 1.50, 1.75, 2.00, 2.00, 2.00, 2.00, 2.00
Which measure of central tendency will give the highest price?


The MEAN is the ordinary AVERAGE that you learned in 
elementary school.



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The MEDIAN with an odd number of numbers = the middle 
number when numbers are arranged smallest to largest 
or largest to smallest.

The MEDIAN with an even number of numbers = the average 
of the two middle numbers when numbers are arranged 
smallest to largest or largest to smallest.

There are 10 numbers, and 10 is even, so we use the 
second rule and average the two numbers in the middle 
which are 1.75 and 2.00.

MEDIAN+=+%281.75%2B2.00%29%2F2+=+3.75%2F2+=+1.875

Think of the fact that the MEDIAN of a highway is right in the middle.

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The MODE is the number which occurs the MOST number of times.
(Remember that by the fact that "MODE" and "MOST" both begin with
an "MO" and have 4 letters.

2.00 occurs the MOST number of times so 

MODE+=+2.00

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The RANGE = Largest Data Value - Smallest Data Value

So 

RANGE+=+2.00+-+0.10+=+1.90

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So the MODE is the largest price with $2.00

Edwin