Question

2. The prices of several different cereals are given below. Find the mean, median, mode, MAD, and IQR of these values. Which measure of center and which measure of variability best describe the data? $3.50, $4.25, $6, $4.75, $5.80, $4
I need this with explanation please:(​

Answer 1

Mean = $ 4. 72

Median = $ 4. 5

Mode = No mode

MAD = $ 4. 8

IQR = $ 0. 5

Measure of center = $ 4. 5

Measure of variability = $ 2. 50

How to determine the values

Given the data;

$3.50, $4.25, $6, $4.75, $5.80, $4

Mean = sum of data/ number of data values

Mean = $\frac{3. 50 + 4. 25 + 6 + 4. 75 + 5. 80 + 4}{6}$

Mean = $ 4. 72

Median is the number in the center when the data is arranged in an ascending order

$3. 50, $4, $4. 25, $4. 75, $5. 80, $6

Median = $\frac{4. 25 + 4. 75}{2}$

Median = $ 4. 5

Mode is the number with the highest repeats.

From the given data, none of the numbers was repeated.

Thus, there is no mode.

MAD, mean absolute deviation = |data value - mean|

MAD = $|(3. 50 - 4. 72) + (4. 25 - 4. 72) + (6 - 4. 72) + (4. 75 - 4. 72) + (5. 80 - 4.72) + (4- 4. 72) |$

MAD = $1. 22 + 0. 47 + 1. 28 + 0. 03 + 1. 08 + 0. 72$

MAD = $ 4. 8

IQR, interquartile range = Quartile 3 - quartile 1

IQR = 4. 75 - 4. 25

IQR = $0. 5

Note that  the mean and median are the most common measures of center.

A measure of variability is a single number that is  used to describe the spread of a data set

The measure of the center best for the data is the median = $4. 5

Measure of variability = range = highest value - lowest value = $6 - $3. 50 = $2. 50

Learn more about mean here:

brainly.com/question/20118982

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