Question

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

Answer 1

11.2, 12.5, 12.5, 13.23, 13.23, 14.5, 15.6, 15.75
It's 13.23

Answer 2

The answer is 13.23

Explanation:

In order to determine the median of the set of data, we have to know about median and how applicate it.

The median of a set of data is the middlemost number in the set. The median is also the number that is halfway into the set. To find the median, the data should first be arranged in order from least to greatest.

Also, if there is an even number of items in the data set, then the median is found by taking the mean (average) of the two middlemost numbers.

So, we arrange the set of data:

11.20

12.50

12.50

13.23

13.23

14.50

15.60

15.75

The data set is an even number.

The two middlemost numbers are: 13.23; 13.23.

So, the mean (average) is:

(13.23+13.23)/2=13.23

Finally, the median of the set of data is 13.23