Question

Molly records the interest earned in her savings account in the last 5 months. What are the mean, median, and mode of the data set?

Month 1
Month 2
Month 3
Month 4
Month 5
0.24
0.42
0.37
0.38
0.24
a.
mean: 0.37, median: 0.33, mode: 0.24
b.
mean: 0.24, median: 0.37, mode: 0.33
c.
mean: 0.33, median: 0.37, mode: 0.24
d.
mean: 0.33, median: 0.37, mode: 0.42


Please select the best answer from the choices provided

A
B
C
D

Answer 1

c

Explanation:

Answer 2

Answer with Step-by-step explanation:

We are given a data set:

0.24 0.42 0.37 0.38 0.24

We arrange them in ascending order:

0.24 0.24 0.37 0.38 0.42

Mean=sum of all data elements/number of elements

Mean =(0.24+0.24+0.37+0.38+0.42)/5

Mean=0.33

Mode is the element with the highest frequency i.e. element which comes most.

Hence, Mode=0.24

Median is the middle element of the data set.

Median=0.37

Hence, correct option is:

c.

mean: 0.33, median: 0.37, mode: 0.24

Hence, best answer from the choices provided is:

C