Question

Find the mean and median of the data set. If necessary, round your answer to the nearest cent.

Suppose the average yearly prices for an ounce of gold during a 10-year period are as follows:
$279.90, $271.83, $310.52, $364.17, $410.51, $445.53, $604.25, $696.18, $872.75, $973.14
The mean is
The median is

Answer 1

Answer:the mean is because all the numbers added up are 5228.17 and then you divide by 10 because there is 10 numbers meaning that your mean is $522.89 the median is 425

Explanation:

Answer 2

mean price - $522.88

median price - $427.50

Explanation:

$271.83 + $279.90 + $310.52 + $364.17 + $410.51 + $445.53 + $604.25 + $696.18 + $872.75 + $973.14 = 5,228.78 / 10 = 522.88

$271.83, $279.90, $310.52, $364.17, $410.51, $445.53, $604.25, $696.18, $872.75, 973.14 - there are two in the middle so find the average of the two = 427.50.

I tried to do this quickly, so let me know if there are any errors.