60 84 65 67 75 72 80 85 63 82 70 75 1000

Mean, median and the mode????

Mean=
(60+84+65+67+75+72+80+85+63+82+70+75+1000)/13=144.64

Median=
60 63 65 67 70 72 75 75 80 82 84 85 1000

Median= 75

Mode= 75
One of the first and basic questions asked by researchers, economists, corporate
executives, government officials, and anyone with sample data is whether the data
in their sample tend to be centered or located around a particular value.

In this section, we present numerical measures—the mean, median, and mode—in

response to questions concerning the location of the center of a data set.

The decision as to whether the mean, median, or mode is the appropriate measure
to describe the central tendency of data is context specific. One factor that
influences our choice is the type of data, categorical or numerical, as discussed in
Chapter 1.
Categorical data are best described by the median or the mode, not the mean.
However, the mode may not represent the true center of numerical data. For this
reason, the mode is used less frequently than either the mean or the median in
business applications.

Mean = (60+84+65+67+75+72+80+85+63+82+70+75)/12=73.17

Median =
60 63 65 67 70 72 75 75 80 82 84 85
(72+75)/2=73.5
Mode= 75

0% 0% 8.1% 13.6% 19.4% 20.7% 10.0% 14.2%

Based on the above figures calculate: (Mean, Median, and Mode)

Mean= (0% + 0% + 8.1%+ 13.6% + 19.4% +20.7% + 10.0% +14.2%)/8
=10.75%

Median= 0% 0% 8.1% 10.0% 13.6% 14.2% 19.4% 20.7%

Average = (10.0%+13.6%)/2=11.8%

Mode= 0%