(c) The following table shows the values, in thousands of dollars, of  40 randomly selected houses in the city.   34 38 95 110 137 140 155 155 169 207 209 217 274 314 314 323 343 347 349 363 369 373 388 389 397 416 448 450 483 487 488 516 571 595 600 738 762 769 863 1,084 (i) Calculate the sample midrange for the data. (ii) Explain why the sample midrange might be preferred to the sample mean as an estimator of the population mean.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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(c) The following table shows the values, in thousands of dollars, of  40 randomly selected houses in the city.

 

34 38 95 110 137 140 155 155 169 207
209 217 274 314 314 323 343 347 349 363
369 373 388 389 397 416 448 450 483 487
488 516 571 595 600 738 762 769 863 1,084

(i) Calculate the sample midrange for the data.

(ii) Explain why the sample midrange might be preferred to the sample mean as an estimator of the population mean.

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