Answer: Skewed to the right
Step-by-step explanation:
There are 14 individual prices which when arranged in order and their mean and median calculated, gives 117.07 as mean and 112.5 as median.
Sum of prices = 1639
Total number of prices = 14
Middle digits when arranged in ascending order = 111 & 114
Mean = 1639/14 = 117.07
Median = (111 + 114)/2 = 112.5
For any distribution skewed to the right (positive skew), the mean is typically greater than the median (117.07 > 112.5) which is to say a right-skewed distribution will have the mean to the right of the median. It will also have a long right tail in the positive direction on the number line. As opposed to the normal distribution, a symmetric distribution with no skew. The tails are exactly the same.