The complete question is;
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:
Median = 6.7 thousand dollars
Explanation:
From the question, the 6 revenues in thousands of dollars are;
6, 6.8, 3.7, 8.1, 6.6, 7
To find the median, we need to arrange the terms in ascending order.
Thus, we have;
3.7, 6, 6.6, 6.8, 7, 8.1
Since the number of terms are 6,then the median term is (6 + 1)/2 = 7/2 = 3.5th term
To get the 3.5th term, we have to find the average of the 3rd and 4th terms in the series of revenue.
3rd term = 6.6 and 4th term = 6.8
Thus, median = (6.6 + 6.8)/2
Median = 13.4/2
Median = 6.7 thousand dollars