Explanation Given: The data for first 10 stock volumes is: 241 , 1400 , 2900 , 2600 , 2500 , 7300 , 1800 , 411 , 2900 , 2300 Formula used: The expression for the mean of n numbers is: x ¯ = ∑ x i n Here, x i is the number which is at i th place. The median of the distributions, if n is an even number, is: Q 2 = 1 2 { ( n 2 ) th data + ( n 2 + 1 ) th data } Here, Q 2 is the median of the distribution. Calculation: Calculate the sum of all values in the data. ∑ x i = [ 241 + 1400 + 2900 + 2600 + 2500 + 7300 + 1800 + 411 + 2900 + 2300 ] = 24352 Write the expression to calculate the mean of the data of 10 stock volumes. x ¯ = ∑ x i n Substitute 24352 for ∑ x i and 10 for n . x ¯ = ∑ x i n = 24352 10 = 2435

Pearson eText for Mathematics with Applications In the Management, Natural, and Social Sciences -- Instant Access (Pearson+)

12th Edition

ISBN: 9780137504381

Author: Margaret Lial, Thomas Hungerford

Publisher: PEARSON+

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Chapter 10, Problem 6RE

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To calculate: The value of mean and median of the first 10 stock volumes for the data:

241, 1400, 2900, 2600, 2500, 7300, 1800, 411, 2900, 2300

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Chapter 10, Problem 5RE

Chapter 10, Problem 7RE

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Chapter 10 Solutions

Pearson eText for Mathematics with Applications In the Management, Natural, and Social Sciences -- Instant Access (Pearson+)

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The value of mean and median of the first 10 stock volumes for the data: 241 , 1400 , 2900 , 2600 , 2500 , 7300 , 1800 , 411 , 2900 , 2300

Solution Summary: The author calculates the value of mean and median of the first 10 stock volumes for 2435.2 and 2400.

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To calculate: The value of mean and median of the first 10 stock volumes for the data:

241, 1400, 2900, 2600, 2500, 7300, 1800, 411, 2900, 2300

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Chapter 10 Solutions

The value of mean and median of the first 10 stock volumes for the data: 241 , 1400 , 2900 , 2600 , 2500 , 7300 , 1800 , 411 , 2900 , 2300

Solution Summary: The author calculates the value of mean and median of the first 10 stock volumes for 2435.2 and 2400.

Videos

To calculate: The value of mean and median of the first 10 stock volumes for the data: 241, 1400, 2900, 2600, 2500, 7300, 1800, 411, 2900, 2300

Want to see the full answer?

Chapter 10 Solutions

To calculate: The value of mean and median of the first 10 stock volumes for the data:

241, 1400, 2900, 2600, 2500, 7300, 1800, 411, 2900, 2300