Question

6) Monthly RevenueStem Leaf5034961 4697112 3 3385Key: 64 - 64,000A) Median = 46,000 andMean = 47,066.67B) Median = 33,000 andMean - 34,400C) Median = 69,000 andMean - 66,266.67D) Median - 36,000 andMean=41,466.67

Answer 1

Solution

For this case we have the following values:

50000, 53000, 54000, 59000

61000, 64000, 66000, 69000

71000, 71000, 72000, 73000, 73000, 73000

85000

The mean is given by:

$\text{Mean}=\frac{50+53+54+59+61+64+66+69+71+71+72+73+73+73+85}{15}\cdot1000=66266.67$

And since we have 15 values the median would be the value at position 8th and we got:

69000

Then the answer is:

C) Median 69000

Mean = 66266.67