Find the Mean, Median, Mode, and Midrange for Each of the Two

question 133

Essay

Find the mean, median, mode, and midrange for each of the two samples, then compare the two sets of results.
-The Body Mass Index (BMI)is measured for a random sample of men and women. Interpret the results by determining whether there is a difference between the two data sets that is not apparent from a comparison of the measures of center. If there is, what is it? $$\begin{array} { l | c | c | c | c | c | c | c | c } \text { Men } & 24 & 23.5 & 20 & 27 & 29 & 22.5 & 28 & 24 \\\hline \text { Women } & 18 & 20 & 24 & 25 & 27 & 21 & 22 & 25\end{array}$$

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Definitions:

Inventory

The total amount of goods and materials a business has in stock, either for sale or used in production.

Purchase Price

The amount of money paid to buy goods or services.

Merchandise Inventory

Goods or products that a retailer or wholesaler has purchased and intends to sell to customers.

Periodic System

An inventory system where inventory levels are updated in the accounting records on a periodic basis, typically at the end of an accounting period, rather than after each purchase or sale.