Find the Mean, Median, Mode, and Midrange for the Data

question 59

Multiple Choice

Find the mean, median, mode, and midrange for the data provided. The data shows hours spent at work for a group of men.
$\begin{array}{l|c}\text { Name } & \text { Hours } \\\hline \text { Alvin } & 64.9 \\\text { Juan } & 59.1 \\\text { Sean } & 56.9 \\\text { Victor } & 47.7 \\\text { Chan } & 42.7 \\\text { Jacques } & 41.3 \\\text { Philip } & 35.5 \\\text { Roberto } & 29.7\end{array}$

• A) mean: 47.225, median: 45.2, mode: no mode, midrange: 47.3
• B) mean: 45.2, median: 47.225, mode: 45.2, midrange: 35.2
• C) mean: 47.225, median: 47.3, mode: no mode, midrange: 47.3
• D) mean: 45.2, median: 47.225, mode: 47.3, midrange: 35.2

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Definitions:

Residual Income

The income that remains after deducting all required costs of capital from operating income, used to assess the profitability of a department or investment.

Invested Capital

Funds committed into a company by shareholders and debtors, used for operational needs and growth investments.

Group Reward Schemes

Group reward schemes are incentive plans that reward a team or group of employees based on the collective achievement of specific goals.

Good Performers

Individuals or entities that consistently achieve or exceed set performance metrics in their respective fields or activities.