How expensive is Maui? A newspaper gave the following costs in dollars per day f
ID: 3042075 • Letter: H
Question
How expensive is Maui? A newspaper gave the following costs in dollars per day for a random sample of condominiums located throughout the island of Maui.
86
50
66
60
370
55
500
71
42
350
60
50
240
45
45
125
235
65
60
120
(a) Compute the mean, median, and mode for the data. (Round your answers to two decimal places.)
mean
median
mode
(b) Compute a 5% trimmed mean for the data, and compare it with the mean computed in part (a). (Round your answer to two decimal places.)
$
Does the trimmed mean more accurately reflect the general level of the daily rental costs?
Yes, the trimmed mean is closer to the median and mode. Yes, the trimmed mean is further from the median and mode. No, the trimmed mean is further from the median and mode. No, the trimmed mean is closer to the median and mode.
86
50
66
60
370
55
500
71
42
350
60
50
240
45
45
125
235
65
60
120
Explanation / Answer
a)
Mean = 134.75
Median =65.5
Mode = 60
b)
Trimmend mean = 119.61
Yes, the trimmed mean is closer to the median and mode.
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