Math Problem Statement
Given are the prices of a cup of coffee in dollars, $5.75, $5.00, $6.50, $7.00, $9.00, $9.50 Find the mean absolute deviation. What inference can be drawn from the data based on the mean absolute deviation.
Solution
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Math Problem Analysis
Mathematical Concepts
Descriptive Statistics
Mean Absolute Deviation
Formulas
Mean Absolute Deviation (MAD) = \( \frac{1}{n} \sum_{i=1}^{n} |x_i - \mu| \)
Theorems
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Suitable Grade Level
Grades 9-12
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