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(Ctrl/Cmd+V) An insurance company crashed four cars of the same model at 5 miles

ID: 3368920 • Letter: #

Question

(Ctrl/Cmd+V)

An insurance company crashed four cars of the same model at 5 miles per hour. The costs of repair for each of the four crashes were

?$412412?,

?$448448?,

?$462462?,

and

?$243243   .

Compute the? mean, median, and mode cost of repair.

Compute the mean cost of repair. Select the correct choice below? and, if? necessary, fill in the answer box to complete your choice.

A.

The mean cost of repair is

?$nothing.

?(Round to the nearest cent as? needed.)

B.

The mean does not exist.

Compute the median cost of repair. Select the correct choice below? and, if? necessary, fill in the answer box to complete your choice.

A.

The median cost of repair is

?$nothing.

?(Round to the nearest cent as? needed.)

B.

The median does not exist.

Compute the mode cost of repair. Select the correct choice below? and, if? necessary, fill in the answer box to complete your choice.

A.

The mode cost of repair is

?$nothing.

?(Round to the nearest cent as? needed.)

B.

The mode does not exist.

Explanation / Answer

Data in ascending order:

243, 412, 448, 462

a) mean = (243 + 412 + 448 + 462) / 4 = 391.25

Option-A) The mean cost of repair is $391.25

b) Median = middle most value = (412 + 448) / 2 = 430

Option-A) The median cost of repair is $430

c) Option-B) The mode does not exist