The following data shows the results for 20 students in one of the post graduate unit.42 66 67 71 78 62 61 76 71 6761 64 61 54 83 63 68 69 81 53Based on the information given you are required toCompute the mean, median and mode.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The following data shows the results for 20 students in one of the post graduate unit.
42 66 67 71 78 62 61 76 71 67
61 64 61 54 83 63 68 69 81 53
Based on the information given you are required to
Compute the mean, median and mode.

Expert Solution
Step 1

The mean, median and mode helps in observing the spread of the data and determining how the data is distributed from its average.

Step 2

Mean of the data can be computed as follows:

Mean = Sum of the observationNumber of observation= 131820= 65.9

 

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