Chapter SH, Problem 12.2MPS

To determine

To find: The measure of central tendency best represent data.

Answer to Problem 12.2MPS

The measure best representing the data is median.

Explanation of Solution

Given information:

The given data is $\$450,\$590,\$650,\$480,\$800,\$720,\$1600,\$600$ .

Calculation:

The lists of the rents paid is,

  $\$450,\$590,\$650,\$480,\$800,\$720,\$1600,\$600$

Thus, arranging the data in ascending order,

The mean of the data is,

  $\begin{array}{c}=\frac{\$450,\$590,\$650,\$480,\$800,\$720,\$1600,\$600}{9}\\ =\$\frac{6410}{9}\\ =\$711.22\end{array}$

The median is $\$600$ .

Since the most of the rents are between $\$450-\$800$ so the measure of central tendency is $\$600$ .

Therefore, the measure best representing the data is median.