Answer:
mean: $837.50; median: $810; mode: $810; range: $645
Step-by-step explanation:
Discounted prices are given as:
$640, $810, $755, $810, $1175, $900, $1080, $530
a. Mean = Sum of the Number of Term ÷ Total number of Terms
Total number of term = 8
Mean = ($640 + $810 + $755 + $810 + $1175 + $900 + $1080 + $530) ÷ 8
Mean = $837.50
b) Median.
$640, $810, $755, $810, $1175, $900, $1080, $530
The first step is to rearrange the discounted prices =
$530, $640, $755, $810, $810, $900, $1080, $1175
Second step is to find the number in the middle
$530, $640, $755, )$810, $810, ($900, $1080, $1175
= ($810 + $810) ÷ 2
= $1920 ÷ 2
= $810
Median = $810
c) Mode
This is calculated as the prices that occurs the most or more than once amongst the Discounted prices.
Discounted prices = $530, $640, $755, $810, $810, $900, $1080, $1175
Price that occurs more than once = $810.
Mode = $810
d. Range
This is calculate as the Highest Discounted price - Lowest Discounted price.
Highest Discounted price = $1175
Lowest Discounted price =$530
Range = $1175 - $530
= $645
