Question

Bob is a realtor who specializes in high-end properties. In an advertising campaign, he wants to point out that his properties are worth more than those of his competitors. The selling prices of the properties he is currently selling are listed in the data set below (in millions of dollars). Which measure of central tendency should Bob use to represent the selling price of his homes?

{2.35, 1.75, 1.90, 2.45, 2.90, 5.43, 1.95}
A.

Bob should use either the mean or median, as they will produce the same value.
B.

Bob should use the median to make his selling price look like it's the g

Answer 1

First you need to organize your prices from lowest value to highest.

Answer 2

Nice Attack on Titan photo, btw.

Answer 3

thanks, btw i forgot to post c and d

Answer 4

C.

Bob should use the mode to make his selling price look like it's the greatest.
D.

Bob should use the mean to make his selling price look like it's the greatest.

Answer 5

i know that Petra isn't that big of a character but she is probably my second favorite

Answer 6

1.75,1.90,1.95,2.35,2.45,2.90,5.43

Answer 7

Eh, she's a pretty awesome character. Yes, nice job. Now find the median and mean of the data.

Answer 8

Mean: 2.6757142857143

Median: 2.35

Answer 9

There's no mode, since none of the numbers recur, and 2.67=2.35 is false. Therefore A and C are not true. The mean is greater than the median, therefore D can't be the answer. What's the only choice left?

Answer 10

b

Answer 11

Yes, so that's your answer. :)