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10, 3. LUXURY CARS collects sample data regarding the number of cars rented per day: 6, 20 a) Calculate the mean, median and

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Answer #1

a.

MEAN = TOTAL / NO. OF OBSERVATIONS

= 4+10+6+20 / 4

= 40/4 = 10

MEDIAN = (n/2)th observation + (n/2+1) observation

2

rearranging the order = 4 , 6 , 10 , 20

n = 4

n/2 = 4/2 = 2

2nd observation = 6

n/2 +1 = 2+1 = 3

3rd observation = 10

MEDIAN = 6 + 10 / 2

= 16/2

= 8

MODE = THE NUMBER THAT REPEATS MORE. HERE NO NUMBER IS REPEATED SO THERE IS NO MODE VALUE.

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