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