Question

Your policy is that your median entree price should be below your mean price. Your prices are $19, $15, $22, $34, and $28. Does this price list meet your policy?

Answer 1

Answer: Yes the price list meets your policy

Step-by-step explanation:

mean Price= Total prices /number of prices given

$19+ $15+ $22+ $34+$28/5=23.6

Median price = since the numbers are odd , the number in the middle when the prices are arranged in ascending order gives the median

=$15, $19 $22 $28 $34

Therefore $22 is the median.

Since the policy states that your median entree price should be below your mean price, then the price list meets your policy as $22 the median entree is lower than the mean price at $23.6