Question

Swifty Markets compares prices charged for identical items in all of its food stores. Here are the prices charged by each store for a pound of bacon last week:

$1.08 0.98 1.09 1.24 1.33 1.14 1.55 1.08 1.22 1.05

(a) Calculate the median price per pound.
(b) Calculate the mean price per pound​

Answer 1

Answer:

(a) 1.115

(b) 1.176

Step-by-step explanation:

Median is the middle term

Arrange in assending order

0.98, 1.05, 1.08, 1.08, 1.09, 1.14, 1.22, 1.24, 1.33, 1.55

In this case we have 10 terms, the middle trems will be 1.09 and 1.14.

The average of this two terms will meadian

Median = (1.09 + 1.14)/ 2

= 2.23/2 = 1.115

Mean is the average of all the price

Mean = sum of all the terms / number of terms

sum= 0.98+1.05+1.08+1.08+1.09+1.14+1.22+1.24+ 1.33+1.55 = 11.76

Mean = 11.76/10 = 1.176