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lidiya [134]
3 years ago
12

A college statistics class conducted a survey of how students spend their money. They asked 25 students to estimate how much mon

ey they typically spend each week on fast food. They determined that the mean amount spent on fast food each week is $31.52 and the median is $32. Later they realized that a value entered as $2 should have been $20. They recalculate the mean and the median. Which of the following is true? Group of answer choices
a. The mean and median will increase.
b. The mean will increase, but the median will remain the same.
c. The mean will stay the same, but the median will increase.
d. Both the mean and median will remain the same.
Mathematics
1 answer:
anastassius [24]3 years ago
7 0

Answer:

Option B, The mean will increase, but the median will remain the same.

Step-by-step explanation:

Given

Mean value is  31.52 dollars

Median Value is 32 dollar.

Mean is the average of all the units in a given set of data. Change in any of the number will change the mean.

Here the mean is 31.25

Total money would be 31.25 * 25 = 781.25\\

A number is changed from 2 to 20 , i.e addition of 18 dollars

the new mean would be 781.25 + 18/25 = 31.97

However, the median value is the value of the unit at the center of the arrangement. Hence, it will not change.

Option B is correct

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Here is the compound interest formula solved for years:
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</span>Years = { <span> <span> <span> 0.1249387366 } / </span></span></span><span><span><span>0.010723865392
</span> </span> </span> Years = <span> <span> <span> 11.6505319708 </span> </span> </span>
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The question specifically asks how long for the money to be MORE than $800.00?

So, if we enter 800.01 into the equation, then the answer is
Years = {log(800.01) - log(600)} <span>÷ log(1.025)
</span><span>Years = {2.9030954156 -2.7781512504} / 0.010723865392
</span>Years = <span> <span> <span> 0.1249441652 </span> </span> </span> / 0.010723865392
<span> <span> <span> Years = 11.6510381875 </span> </span> </span>
<span><span> </span></span>












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