Question

USH Financial is a small bank that is examining its customers use of its website. The numbers of online transactions made per day during the 9 days are as follows.

Answer 1

The first step is to arrange the values in ascending order. We have

53, 56, 64, 66, 72, 86, 86,86 91

a) The median is the middle value. Thus,

median = 72

b) Mean = sum of values/number of values

Mean = 73.3

c) The mode is the value with the highest frequency

The value with the highest frequency is 86

Thus, it has 1 mode

The mode is 86