Find the Mean and Median for Each of the Two

question 114

Essay

Find the mean and median for each of the two samples, then compare the two sets of results.
-A comparison is made between summer electric bills of those who have central air and those who have window units.

$\begin{array}{l|lllll} & \text { May} & \text { June } & \text { July } & \text { Aug } & \text { Sept } \\\hline \text { Central } & \$ 32 & \$ 64 & \$ 80 & \$ 90 & \$ 65 \\\text { Window } & \$ 15 & \$ 84 & \$ 99 & \$ 120 & \$ 40\end{array}$

Understand how to calculate and simplify ratios.

Solve basic and complex proportion problems.

Interpret and analyze sales data and other business-related figures through percentages and ratios.

Apply understanding of ratios and proportions to various real-life business and economics contexts including partnership and investment scenarios.

---

Definitions:

Income

The financial gain or money received, typically on a regular basis, for work or through investments.

Well-Ordered Society

A society in which citizens share a common conception of justice that shapes their basic structure of society, leading to cooperative and mutually beneficial living together.

Veil of Ignorance

A theoretical concept that suggests designing society's principles without knowing one's status, to ensure fairness and impartiality in laws and social agreements.

Morality of Principles

A focus on ethical theories that emphasize the importance of adhering to a set of guiding principles or rules when making moral decisions.