Determine the Median of a Variable from Raw Data
-The

question 114

Essay

Determine the Median of a Variable from Raw Data
-The annual profits of ten internet businesses are listed below. Find the mean and median profits. Round the median to the nearest dollar. Which measure- the mean or the median- best represents the data Explain your reasoning. $$\begin{array} { l l l l l } \$ 1,172,246 & \$ 163,659 & \$ 440,584 & \$ 350,634 & \$ 290,596 \\\$ 186,731 & \$ 145,809 & \$ 143,209 & \$ 139,096 & \$ 125,106\end{array}$$

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Definitions:

Green Die

A dye or pigment that produces a green color, potentially used in manufacturing or artistic applications.

Independent

Not influenced by or contingent on something else; in statistics, two events are independent if the occurrence of one does not affect the probability of the other.

Organic Product

A chemical compound or substance that has been synthesized through an organic reaction, which can include a wide variety of chemical species.

Reaction

A process in which one or more substances, the reactants, are converted to one or more different substances, the products, via a chemical change.