Question

Following are the prices of 12 tickets listed on the Ticket Racket ticket broker site for a Taylor Swift concert.

$75, $120, $120, $145, $150, $150, $150, $175, $175, $200, $225, $275

Round each answer to the nearest hundredth.

a. What is the mean ticket price? b. What is the median ticket price?

c. What is the mode ticket price? d. What is the range between cheapest
And most expensive?

Answer 1

• See below

Explanation:

Given prices:

• $75, $120, $120, $145, $150, $150, $150, $175, $175, $200, $225, $275

a) Find the mean:

• (75 + 2*120 + 145 + 3*150+ 2*175 + 200 + 225 + 275)/12 = $163.33

b) Find the median

• The both middle numbers are $150, so it is the median

c) Find the mode:

• The most repeated price is $150 (3 times repeated)

d) Find the range:

• $275 - $75 = $200

Answer 2

Let me use Python to find the answers

Program.

`\tt import\:statistics \:as\:stats`

`\tt Prices=[75,120,120,145,150,150,150,175,175,200,225,275]`

`\tt print(stats.mean(Prices))`

`\tt print(stats.median(Prices))`

`\tt print(stats.mode(Prices))`

Output:;

• Mean=163.333
• Median=150.0
• Mode=150

Console attached