Question

What is the median price?

Answer 1

Answer:

23000

solution,

Arranging the data in ascending order:

12000, 12000 , 23000, 26000, 30000

N(total number of items)=5

Now,

$median = ( \frac{n + 1}{2}) ^{th \: item} \\ \: \: \: \: \: \: = ( \frac{5 + 1}{2} ) ^{th \: item} \\ \: \: \: \: \: = ( \frac{6}{2} )^{th \: item} \\ \: \: \: = {3}^{rd\: item}$

Hope this helps..

Good luck on your assignment