A family of four (two kids and two parents) spend the day at an amusement park. At the end of the day, the family adds up all of the receipts from their meals: $16.25, $17.96, $3.58, $4.61, $5.23. What is the mean and median cost spent? What does the mean cost represent? Why is the mean cost significantly different from the median cost? Which measurement of central tendency is a better representation of the amount of money that the family spent at the amusement park?
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Home » Mathematics » A family of four (two kids and two parents) spend the day at an amusement park. At the end of the day, the family adds up all of the receipts from their meals: $16.25, $17.96, $3.58, $4.61, $5.23.