Twelve Students Were Asked How Many Credit Cards They Owned

question 126

Essay

Twelve students were asked how many credit cards they owned. The responses were 0, 0, 1, 2, 2, 3, 3, 4, 4, 5, 5, 11. (a) Find the mean, median, and mode. (b) Which measure of center seems best in this case? (c) Find the first and third quartiles. What do they tell you?

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Definitions:

Deed Transferring

A legal document that conveys ownership of real property from one party to another.

Non Est Factum

A defense in contract law allowing a signing party to void the contract due to a fundamental misunderstanding of its nature.

Guaranteed Indebtedness

Obligations for which a third party guarantees payment in case the primary debtor fails to pay.

Poor Eyesight

A condition where a person's vision is impaired, making it difficult to see clearly without the aid of corrective lenses or surgery.