Question

Mean Versus Median

Answer 1

Answer:

Kindly check explanation

Step-by-step explanation:

Given the data:

$1.09 $1.29 $1.29 $1.35 $1.39 $1.49 $1.59 $1.79

Average value :

Sarah = $1.37

Andrew = $1.41

Obtaining the median:

(n + 1) / 2

n = number of observations = 8

(8 + 1) / 2 = 9 /2 = 4.5th observation

(4th +. 5th observations) / 2

(1.35 + 1.39) / 2 = $1.37

Finding the mean:

($1.09 + $1.29 + $1.29 + $1.35 + $1.39 + $1.49 + $1.59 + $1.79) /8

$11.28 / 8

= $1.41

Hence, the actual. Average value is the mean value of the data.

The median only gives the value at the middle of the distribution and not the average.