Mean and median, Applied Statistics

The amounts of money won by the top ten finishers in a famous car race are listed below.
$1,172,246    $163,659    $440,584    $350,634     $290,596
$186,731    $145,809     $143,209     $139,096     $125,106

(a) Find the mean and median winnings. Round the median to the nearest dollar.  

(b) Which measure- the mean or the median- best represents the data? Define your reasoning.

(c)  Explain the shape of the histogram. (  Use the mean and median values)

Posted Date: 3/15/2013 5:59:37 AM | Location : United States

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