Question

Listed below are the highest amounts of net worth (in millions of dollars) of all celebrities. What do the results tell us about the population of all celebrities? Based on the nature of the amounts, what can be inferred about their precision? 245 190 185 165 160 160 140 140 140 140

a. Find the mean. b. Find the median. c. Find the mode.

Answer 1

The mean net worth of all celebrities is $171.5 million. The median net worth is $160 million. The mode net worth is $140 million.

Step-by-step explanation:

a. To find the mean, add up all the net worth amounts and divide by the total number of values. In this case, the mean can be calculated as:

(245 + 190 + 185 + 165 + 160 + 160 + 140 + 140 + 140 + 140) / 10 = 171.5

So, the mean net worth of all celebrities is $171.5 million.

b. To find the median, arrange the net worth amounts in ascending order and find the middle value. In this case, the median is:

160

So, the median net worth of all celebrities is $160 million.

c. To find the mode, determine the value that appears most frequently in the data. In this case, the mode is:

140

So, the mode net worth of all celebrities is $140 million.