Question

find the (a) mean, (b) median, (c) mode, and (d) midrange for the data and then (e) answer the given questions. listed below are selling prices (dollars) of tvs that are 60 inches or larger and rated as a \best buy\ by a popular magazine. are the resulting statistics representative of the population of all tvs that are 60 inches and larger? if you decide to buy one of these tvs, what statistic is most relevant, other than the measures of central tendency? 1950 1100 1050 1100 1250 1200 1100 1850 1200 1500 1100 1750. b. find the median. the median is $ 1200. (type an integer or a decimal rounded to one decimal place as needed.) c. find the mode. select the correct choice below and, if necessary, fill in the answer box to complete your choice. a. the mode(s) is(are) $ 1100. (type an integer or a decimal. do not round. use a comma to separate answers as needed.) b. there is no mode. d. find the midrange. the midrange is $ . (type an integer or a decimal rounded to one decimal place as needed.)

Explanation:

Step1: Identify maximum and minimum values

The data set is 1950, 1100, 1050, 1100, 1250, 1200, 1100, 1850, 1200, 1500, 1100, 1750. The minimum value $min = 1050$ and the maximum value $max=1950$.

Step2: Calculate mid - range

The formula for mid - range is $\text{Mid - range}=\frac{\text{Max}+\text{Min}}{2}$. Substitute $min = 1050$ and $max = 1950$ into the formula: $\frac{1950 + 1050}{2}=\frac{3000}{2}=1500$.

Answer:

1500