Calculate the Mean, Median, and Mode of the Sample Data

question 128

Short Answer

Calculate the mean, median, and mode of the sample data below. (See the Excel Data File.)

Compare and contrast social media with traditional media.

Understand the functionalities of Facebook applications within social media zones.

Describe how social media assists in the dissemination of content.

Recognize the importance of 'a culture of participation' in social media.

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Definitions:

Consumer Surplus

The variance between the total price consumers are willing to pay for a good or service and the actual price they pay.

Benefit

An advantage, gain, or positive outcome derived from a specific action, policy, or product.

Buyers

Entities or individuals who purchase goods or services for personal use, consumption, or investment.

Producer Surplus

The difference between the amount sellers are willing to accept for a good or service and the actual amount they receive in the market.