Question

Find the mode of the following set of data. $12.50, $13.23, $11.20, $14.50, $12.50, $13.23, $15.60, $15.75

Answer 1

I'd assume this is either 12.50, or 13.23, because they are both used twice. When you have two, you need to add them together and then divide by two, I added them together and got 25.73. I then divided them by two, getting 12.865. This will give you your median.

Answer 2

$12.50 & $13.23, mode is just basically the number(s) that show up the most.