Question

The following list contains the average annual total returns (in percentage points) for 9 mutual funds. The mutual funds appear in an online brokerage firm's "all-star" list.

40, 30, 6, 10, 30, 18, 15, 20, 36

a. What is the mean of this data set?
b. What is the median of this data set?

Answer 1

Answer:

Mean =25.78

Median =20

Step-by-step explanation:

given that the following list contains the average annual total returns (in percentage points) for 9 mutual funds. The mutual funds appear in an online brokerage firm's "all-star" list.

40, 30, 6, 10, 30, 18, 15, 20, 36

Let us find the sum of these 9 entries

Sum = 205

a) Mean = $\frac{205}{9} =22.78$

b) Median of this data set is the middle entry after arranging in ascending order

Here it would be the 5th entry

6,10, 15, 18,20, 30, 30, 36, 40

Median = 20