Learn with an example
2 answers:
You might be interested in
Answer:
<h2>$39,000</h2>Step-by-step explanation:
Look at the picture.
To find the Median, place the numbers in value order and find the middle number (right picture).
Median = $39,000
Answer:
75% of the data will reside in the range 23000 to 28400.
Step-by-step explanation :
To find the range of values :
We need to find the values that deviate from the mean. Since we want at least 75% of the data to reside between the range therefore we have,
Solving this, we would get k = 2 which shows the value one needs to find lies outside the range.
Range is given by : mean +/- (z score) × (value of a standard deviation)
⇒ Range : 25700 +/- 2 × 1350
⇒ Range : (25700 - 2700) to (25700 + 2700)
Hence, 75% of the data will reside in the range 23000 to 28400.