Question

USH financial is a small bank that is examining it’s customers use of its website. The numbers of online transactions made per day during the past 8 days are as follows.

Answer 1

Given:

The number of online transaction made per day during tha past 8 days are given as follows

51, 57, 71, 57, 55, 62, 51, 65

Find:

we have to find Mean, Median and mode of the given data.

Step-by-step explanation:

(a)Mean

Mean of the given data is

`\begin{gathered} Mean=(51+57+71+57+55+62+51+65)/(8) \\ Mean=58.6 \end{gathered}`

Therefore, Mean is 58.6

(b) Median

Write the given data values in ascending order as following

51

51

55

57 Now n = 8

57 n/2 = 4

62 Median = Average of 4th and 5th items

65 Median = (57 + 57)/2 = 57

71

Therefore, Median is 57

(c)Mode

We know, the Mode is the value or values that occur most frequently.

Since 51 occurs 2 times and 57 also occurs 2 times.

Therefore, there are two modes, which are 51 and 57