Question

Below are last week's revenues (in thousands of dollars) for six different Nancy's Noodles locations. 6, 6.8,3.7,8.1,6.6,7


Find the median revenue.

Answer 1

Answer:

The median revenue is 6.7

Step-by-step explanation:

Below are last week's revenues (in thousands of dollars) for six different Nancy's Noodles locations.

Data : 6, 6.8,3.7,8.1,6.6,7

Ascending order: 3.7,6,6.6,6.8,7,8.1

Number of observations = n = 6

We are supposed to find the median of data

Number of observations is even

$Median = \frac{\frac{n}{2} \text{Th term}+(\frac{n}{2}+1)\text{th term}}{2}$

$Median = \frac{\frac{6}{2} \text{Th term}+(\frac{6}{2}+1)\text{th term}}{2}\\Median = \frac{6.6+6.8}{2}$

Median = 6.7

Hence the median revenue is 6.7

Answer 2

Answer:

6.7

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