Math Problem Statement
Find the (a) mean, (b) median, (c) mode, and (d) midrange for the data and then (e) answer the given questions. Listed below are the highest amounts of net worth (in millions of dollars) of all celebrities. What do the results tell us about the population of all celebrities? Based on the nature of the amounts, what can be inferred about their precision? 230 190 175 170 165 165 150 150 150 150 Question content area bottom Part 1 a. Find the mean. The mean is $ 169.5 million. (Type an integer or a decimal rounded to one decimal place as needed.) Part 2 b. Find the median. The median is $ 165 million. (Type an integer or a decimal rounded to one decimal place as needed.) Part 3 c. Find the mode. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. A. The mode(s) is(are) $ 150 million. (Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.) Your answer is correct.B. There is no mode. Part 4 d. Find the midrange. The midrange is $ enter your response here million. (Type an integer or a decimal rounded to one decimal place as needed.)
Solution
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Math Problem Analysis
Mathematical Concepts
Descriptive Statistics
Measures of Central Tendency
Measures of Dispersion
Formulas
Mean formula
Median calculation
Mode determination
Midrange calculation
Theorems
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Suitable Grade Level
Grades 9-12