Question

What is the average cost, in dollars per day, of condominiums located throughout the island of Maul based on the given random sample?

A) $89.50
B) $70.00
C) $360.00
D) $45.125
E) $235.00
F) $65.00

Answer 1

To find the average cost of condominiums on Maui, add up the totals and divide by the number of condominiums in the sample.

Step-by-step explanation:

To determine the average cost of condominiums located throughout the island of Maui, we need to find the mean of the given random sample.

1. Add up all the totals: $56.75 + $43.25 + $65.00 + $25.50 + $18.75 + $59.00 + $21.50 + $44.50 + $12.50 + $43.00 + $89.50 + $99.35 + $235.75 + $300.50 + $678.25 = $1990.05
2. Count the number of condominiums in the sample: 15
3. Divide the total cost by the number of condominiums to find the average: $1990.05 / 15 = $132.67

Therefore, the average cost of condominiums located throughout the island of Maui, based on the given random sample, is $132.67 per day.