Question

What is the median price?

Answer 1

23000

solution,

Arranging the data in ascending order:

12000, 12000 , 23000, 26000, 30000

N(total number of items)=5

Now,

`median = ( (n + 1)/(2)) ^(th \: item) \\ \: \: \: \: \: \: = ( (5 + 1)/(2) ) ^(th \: item) \\ \: \: \: \: \: = ( (6)/(2) )^(th \: item) \\ \: \: \: = {3}^(</strong><strong>rd</strong><strong>\: item)`

Hope this helps..

Good luck on your assignment