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12 October, 19:05

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?

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  1. 12 October, 21:06
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    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
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