Question

Question 20: 4 ptsThe monthly rents for five apartments advertised in a newspaper were $650, $650, $800, $1900, and $820. Usethe mean, median, and mode of the rents to answer the question. Which value best describes the monthlyrents? Explain.• The median best describes the rents because most of the rents were near $800.O The mean best describes the rents because $964 is the average rent.• The mode best describes the rents because $650 was the rent seen most often.

Answer 1

The monthly rent for the five apartments was:

$650,$650,$800,$820,$1900

Now, the median for odd data is given by the middle number. Therefore, the median is $800.

The mean can be found with the next formula:

`m=(650+650+800+820+19000)/(5)`

Then:

`m=964`

Finally, the model is the number that is repeated more times. Hence, the mode is 650.

The correct answer is the first one because the median