Question

How expensive is Maui? A newspaper gave the following costs in dollars per day for a random sample of condominiums located throughout the island of Maui. 88 50 66 60 360 55 500 71 41 350 60 50 250 45 45 125 235 65 60 110 (a) Compute the mean, median, and mode for the data. (Round your answers to two decimal places.)

Answer 1

Answer:

mean=134.3

median=65.5

mode=60

Step-by-step explanation:

Mean is computing by adding the all data values and then divided by number of values

mean=sum of all values/number of values

There are 20 data values.

mean=(88+50+66+60+360+55+500+71+41+350+60+50+250+45+45+125+235+65+60+110)/20

mean=2686/20

mean=134.3

For calculating median we arrange the data in ascending order

41  45  45  50  50  55  60  60  60  65  66  71  88  110  125  235  250  350  360  500

n/2=20/2=10 is an integer

So, the median is the average of n/2 and (n/2)+1 value

The median is average of 10th and 11th value

median=(65+66)/2

median=65.5

Mode is the most repeated value and we see that number of times the values are repeated are

45= 2 times

50= 2 times

60= 3 times

Thus, the most repeated value is 60 and it is the mode of data.

Mode=60