Answer:
Mean = 174
Median = 165
Mode = 150
Range = 100
Mid-range= 165-150= 15
1) only few population of the celebrities have high net-worth
2) very low precision as their is a wide range in the variation of their net worth
Step-by-step explanation:
250 200 185 175 165 165 150 150 150 150
Arranged in ascending order =
150 150 150 150 165 165 175 185 200 250
Mean = (150+ 150 +150 +150 +165 +165 +175+ 185 +200 +250)/10
Mean = 1740/10
Mean = 174
Median =( 165+165)/2
Median = 165
Mode = 150
Range = 250-150
Range = 100
Mid-range= 165-150= 15
1) only few population of the celebrities have high net-worth
2) very low precision as their is a wide range in the variation of their net worth
The opportunity cost that Ann is going to have if she buys the pair of jeans is the chance to buy the pair of shoes with her allowance. She exchanged her opportunity of buying the shoes by buying the pair of jeans. This is the opportunity cost because the potential of losing the alternative (shoes) happened by purchasing the other.
Y = kx
72 = k*3
73/3 = k
24 = k
y = 24x