The average mean cost used for the condominium on maui is 132.5
According to the statement
we have given that the some data values and we have to find the mean of the data and tell the how much expensive is condominium on maui.
So, The given data set is
89 50 68 60 375 55 500 60 50 250 45 45 125 235 1 40 350 65 60 120
So, For this purpose we know that the
Average Mean is a middle point or something (as a place, time, number, or rate) that falls at or near a middle point
Formula to calculate mean is sum of terms / total number of terms.
So,
Mean = 89+ 50+ 68+ 60+ 375+ 55+ 500+ 60+ 50+ 250+ 45+ 45+ 125+ 235+ 1+ 40+ 350+ 65+ 60+ 120 / 20
Mean = 2643 / 20
Mean = 132.5
So, The average mean cost used for the condominium on maui is 132.5
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Question:
Maui Vacation How expensive is Maui? If you want a vacation rental condominium
(up to four people), visit a Maui tourism web site. The Maui News gave the following costs in dollars per day for a random sample of condominiums located throughout the island of Maui.
89 50 68 60 375 55 500 60 50 250 45 45 125 235 1 40 350 65 60 120
what average mean would you use?
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