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? 1250 1900 1150 1900 1650 1600 1900 1000 1600 1550 1900 1850 D a. Find the mean. The mean is $ . (Type an integer or a decimal rounded to one decimal place as needed.) b. Find the median. The median is $. (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. O A. The mode(s) is(are) $ (Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.) O B. There is no mode.

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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?
1250
1900 1150 1900 1650 1600 1900 1000 1600 1550
1900 1850 O
a. Find the mean.
The mean is $
(Type an integer or a decimal rounded to one decimal place as needed.)
b. Find the median.
The median is $
(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.
O A. The mode(s) is(are) $
(Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.)
B. There is no mode.
Transcribed Image Text: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? 1250 1900 1150 1900 1650 1600 1900 1000 1600 1550 1900 1850 O a. Find the mean. The mean is $ (Type an integer or a decimal rounded to one decimal place as needed.) b. Find the median. The median is $ (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. O A. The mode(s) is(are) $ (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.)
e. Are the resulting statistics representative of the population of all TVs that are 60 inches and larger? Choose the best answer below.
O A. The sample consists of the "best buy" TVs, so it is not a random sample and is not likely to be representative of the population.
B. Since the sample is random and the sample size is greater than 10, the sample can be considered to be representative of the population.
C. Since the sample is random and the sample size is greater than 10, the sample should not be considered to be representative of the population.
O D. The sample consists of the "best buy" TVs, so it is a random sample and is likely to be representative of the population.
If you decide to buy one of these TVs, what statistic is most relevant, other than the measures
central tendency? Choose th
be
answer below.
A. The difference between the lowest price and the highest price is a relevant statistic for someone planning to buy one of the TVs.
B. The highest price is a relevant statistic for someone planning to buy one of the TVs.
C. The lowest price is a relevant statistic for someone planning to buy one of the TVs.
O D. The price that occurs least frequently is a relevant statistic for someone planning to buy one of the TVs.
Click to select your answerls)
Transcribed Image Text:d. Find the midrange. The midrange is $. (Type an integer or a decimal rounded to one decimal place as needed.) e. Are the resulting statistics representative of the population of all TVs that are 60 inches and larger? Choose the best answer below. O A. The sample consists of the "best buy" TVs, so it is not a random sample and is not likely to be representative of the population. B. Since the sample is random and the sample size is greater than 10, the sample can be considered to be representative of the population. C. Since the sample is random and the sample size is greater than 10, the sample should not be considered to be representative of the population. O D. The sample consists of the "best buy" TVs, so it is a random sample and is likely to be representative of the population. If you decide to buy one of these TVs, what statistic is most relevant, other than the measures central tendency? Choose th be answer below. A. The difference between the lowest price and the highest price is a relevant statistic for someone planning to buy one of the TVs. B. The highest price is a relevant statistic for someone planning to buy one of the TVs. C. The lowest price is a relevant statistic for someone planning to buy one of the TVs. O D. The price that occurs least frequently is a relevant statistic for someone planning to buy one of the TVs. Click to select your answerls)
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