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Need help with this problem ​

Need help with this problem ​-example-1
User Reghuram Vidyarthi
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1 Answer

22 votes
22 votes

Answer:

(28) 61.5, or $61,500

(29) 49.25, or $49,250

(30) the median

Explanation:

(28) the mean can be calculated by adding together the values and then dividing by the total number of values.

(45 + 47 + 47.5 + 51 + 53.5 + 125) / 6 = 61.5

(29) the median can be calculated by crossing off the values from the outside in, alternating sides

45, 47, 47.5, 51, 53.5, 125

47, 47.5, 51, 53.5

47.5, 51

you will end with two middle values since there are six values in the set, so average these to find the median

(47.5 + 51) / 2 = 49.25

(30) The median will better reflect the value of the homes because it is not as much influenced by the outlier value, 125, as the mean is.

User Emre Koc
by
3.2k points