Question

A furniture store is selling five different couches for $500, $450, $1,800, $450, and $575. Use the mean, median, and mode of the prices to answer the question. Which value best describes the prices of the couches?

Answer 1

Answer:

Mean = $755

Median = $500

Mode = $450

Explanation:

Mean

Mean = (500+450+1,800+450+575) / 5 = 755

So Mean is 755

Median

450, 450, 500, 575, 1,800

The middle value of the series is 500 because even number of items in data set. So median is 500.

Mode

450, 450, 500, 575, 1,800

Most frequent value is 450, so Mode is 450