Question

Suppose Karel wants to be the least expensive babysitter in the neighborhood. How much should she charge?

Suppose Karel wants to charge the same hourly rate as most of the other baby-sitters. How much should she charge?

Suppose Karel wants her hourly rate to be higher than the rate of half of other baby-sitters, but lower than the hourly rate of the rest of the babysitters. How much should she charge?

In addition to the babysitting rates charged by others, what might Karel consider when she sets her rates?

Answer 1

A. Karel should charge less than $2 if she wants to be the cheapest (x<$2). x would represent what she charges.
B. She should charge $2.75 if she wants to charge what most other sitters are charged because this amount occurs more than any other(the mode).
C. She should also charge $2.75 if she wants to be in the middle (median).
D. When deciding on a rate, Karel should also consider if there are any rates that are a lot lower or a lot higher because there might be a reason (more kids, unusual hours, relatives, etc...).