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The Company Financial Officer Was Interested in the Average Cost

question 19

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The company financial officer was interested in the average cost of PCs that had been purchased in the past six months. A random sample of the price of 10 computers was taken with the following results:
$3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000

-What is the median?


Definitions:

Reasonable Price

A price that is fair and acceptable based on the context of the market, product, or service being provided.

Sheet Metal

A flat piece of metal formed into thin and flat pieces, used in building and manufacturing for various purposes.

Market Price

Market price is the current value at which a good, service, or asset can be bought or sold in a competitive marketplace.

Three Shares Of Stock

Small equity portions representing part ownership in a company, specifically quantified as three units of stock.

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