150k views
4 votes
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?

1 Answer

8 votes

Final answer:

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.

User Minisaurus
by
7.3k points