Question

the monthly rents for five apartments advertised in a newspaper were $650, $650, $740, $1650 and $820?
mean:902 mode:650 median:740
which one explains the monthly rent?
1. median
2.mode
3.mean

Answer 1

@ganeshie8

Answer 2

@mathmath333

Answer 3

add the total five rents and divide by 5

Answer 4

902 ... so its the mean

Answer 5

yea i think so, but not sure

Answer 6

Use the median as the rent of $1650 is an outlier and will inflate the value of the mean...

if you wanted to use the mean... do so on the 4 values excluding $1650