Question

the monthly rents for five apartments advertised in a newspaper were $650,$650,$740,$1650, and $820. use the mean, median, and mode of the rents to answer the question. which value best describes the monthly rents? explain.

Answer 1

There are 5 data in this question. To answer these question it is best to make the list based on price in ascending order.
The list would be: $650, $650, $740, $820, $ 1650

Mean: (650+650+740+820+1650) /5= $902
Median: $740 since there is 5 data, the median should be (5+1)/2= 3rd data.
Mode= $650 because it only the number with 2 frequency