State the random variable in this scenario and give its data type b) Find the Median value and deduce its meaning c) Which meal price indicates the meal that was purchased the most? What statistical name is given to this value?

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The manager at one of the KFC restaurants in Johannesburg central randomly selected the prices of meals purchased by 20 customers on one Saturday afternoon. These prices were all tabulated in a table given below for analysis: R46 R65 R80 R72 R90 R58 R46 R47 R48 R35 R65 R56 R36 R69 R62 R50 R54 R50 R46 R48 Table 1: Prices of meals purchased by 20 Customers

a) State the random variable in this scenario and give its data type

b) Find the Median value and deduce its meaning

c) Which meal price indicates the meal that was purchased the most? What statistical name is given to this value? d) Find the standard deviation of the 20 meal prices e) Which measure of central tendency would be best to describe this dataset? Why? 

 

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