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Provide an Appropriate Response 162524193325344637334240373449734645\begin{array} { l l l l l l l l l } 16 & 25 & 24 & 19 & 33 & 25 & 34 & 46 & 37 \\33 & 42 & 40 & 37 & 34 & 49 & 73 & 46 & 45\end{array}

question 89

Essay

Provide an appropriate response.
-The numbers of home runs that Barry Bonds hit in the first 18 years of his major league baseball career are
listed below. Find the mean and median number of home runs. Round the mean to the nearest whole number.
Which measure of central tendency- the mean or the median- best represents the data? Explain your
reasoning. 162524193325344637334240373449734645\begin{array} { l l l l l l l l l } 16 & 25 & 24 & 19 & 33 & 25 & 34 & 46 & 37 \\33 & 42 & 40 & 37 & 34 & 49 & 73 & 46 & 45\end{array}


Definitions:

Modern Economics

A branch of social science that studies how individuals, businesses, and governments make choices on allocating resources to satisfy their needs and wants.

The Wealth of Nations

A seminal book by Adam Smith, which discusses economics, the importance of free markets, division of labor, and productivity.

Labor

The physical and mental effort used in the production of goods and services.

Good

A material item or service that can be bought, sold, or traded, providing utility or satisfaction to the buyer.

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