Question

Below are last week's revenues (in thousands of dollars) for six different Nancy's Noodles locations. 6, 6.8,3.7,8.1,6.6,7

Find the median revenue.

Answer 1

6.7

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Answer 2

The median revenue is 6.7

Explanation:

Below are last week's revenues (in thousands of dollars) for six different Nancy's Noodles locations.

Data : 6, 6.8,3.7,8.1,6.6,7

Ascending order: 3.7,6,6.6,6.8,7,8.1

Number of observations = n = 6

We are supposed to find the median of data

Number of observations is even

`Median = \frac{(n)/(2) \text{Th term}+((n)/(2)+1)\text{th term}}{2}`

`Median = \frac{(6)/(2) \text{Th term}+((6)/(2)+1)\text{th term}}{2}\\Median = (6.6+6.8)/(2)`

Median = 6.7

Hence the median revenue is 6.7