Answer:
Mean =43,935.9
Median = 41,433
Explanation:
We are given the following data:
Number of observations = 10
38364, 39143, 39619, 40742, 41038, 41828, 45289, 48960, 49863, 54513
Formula:
![Mean = \displaystyle\frac{\text{Sum of all observations}}{\text{Total number of observation}}](https://img.qammunity.org/2020/formulas/mathematics/middle-school/ymj7hkaoybp2d6028x10bcvj2ee8tulybn.png)
![Median:\\\text{If n is odd, then}\\\\Median = \displaystyle(n+1)/(2)th ~term \\\\\text{If n is even, then}\\\\Median = \displaystyle((n)/(2)th~term + ((n)/(2)+1)th~term)/(2)](https://img.qammunity.org/2020/formulas/mathematics/middle-school/c8x8hlyned1xxmkgmj7dbtqv63twpwc3am.png)
![Mean = \displaystyle(439359)/(10) = 43,935.9](https://img.qammunity.org/2020/formulas/mathematics/middle-school/3qeq9xbfj3394ty6sqxwjf8me5yb19wkna.png)
Sorted data:
38364, 39143, 39619, 40742, 41038, 41828, 45289, 48960, 49863, 54513
![Median = \diplaystyle(5th~term + 6th`term)/(2) = \displaystyle(41038 + 41828)/(2) = 41,433](https://img.qammunity.org/2020/formulas/mathematics/middle-school/595zusfj2rlnch0bu4rri80998nvypclnf.png)
Median is the value that divides the data into two equal halves. Hence, median best describes the center of the data set.