Answer:
a. $163.33
b. $150.00
c. $150.00
d. $200.00
Step-by-step explanation:
a. Mean ticket price = sum of all the given set of prices ÷ by the number of prices in the given set of data
Mean ticket price = [tex] \frac{75 + 120 + 120 + 145 + 150 + 150 + 150 + 175 + 175 + 200 + 225 + 275}{12} [/tex]
Mean ticket price = [tex] \frac{1960}{12} = 163.33 [/tex] (nearest hundredth)
Mean ticket price = $163.33
b. Median ticket price = the average between the 6th and 7th data in the data set.
75, 120, 120, 145, 150, (150, 150,) 175, 175, 200, 225, 275
Median ticket price = (150 + 150) ÷ 2 = $150.00
c. The mode ticket price is the price that appears most. $150 appears most, therefore, mode ticket price = $150.00
d. Range = max ticket price - min ticket price
Range = 275 - 75 = $200.00
