Question

the monthly rents for five apartments advertised in a newspaper were $700, $700, $770, $1750, and $860. use the mean, median, and mode of the rents to answer the question. which value gives the average rent?

Answer 1

The mean rent is $912, the median rent is $770, and there is no mode for the rents of the five apartments.

Step-by-step explanation:

To find the average rent of the five apartments, we can use the mean, median, and mode.

1. Mean: Add up all the rents and divide by the number of apartments. In this case, (700 + 700 + 770 + 1750 + 860) / 5 = 4560 / 5 = 912. So, the mean rent is $912.
2. Median: Arrange the rents in ascending order and find the middle value. In this case, the middle value is the third rent, which is $770. So, the median rent is $770.
3. Mode: The mode is the value that appears most frequently. In this case, there is no rent that appears more than once, so there is no mode.