part C D d. Find the midrange.The midrange is $(Type an integer or a decimal rounded to two decimal places as needed.)e. Are there any outliers? Choose the correct answer below.O A. The values $49 and $2500 appear to be outliers.OB. The values $1500 and $2500 appear to be outliers.O C. There do not appear to be any outliers.O D. The values $49, $1500, and $2500 appear to be outliers. Find the (a) mean, (b) median, (c) mode, and (d) midrange for the data and then (e) answer the given question.Listed below are the amounts (dollars) it costs for marriage proposal packages at different sports venues. Are there any outliers?49 50 50 50 55 55 75 85 90 115 150 150 225234 275 275 300 325 400 475 475 475 475 1500 2500a. Find the mean.The mean is $(Type an integer or a decimal rounded to two decimal places as needed.)b. Find the median.The median is $.(Type an integer or a decimal rounded to two decimal places as needed.)c. Find the mode.Select the correct choice below and, if necessary, fill in the answer box to complete your choice.O A. The mode(s) is(are) $(Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.)OB. There is no mode.

Mode: it is the value that comes more often in a data set. Midrange: it is the arithmetic mean of…

c. Find the mode. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The mode(s) is (are) $ (Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.) OB. There is no mode.

c. Find the mode. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The mode(s) is (are) $ (Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.) OB. There is no mode.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter2: Fundamental Economic Concepts

Section: Chapter Questions

Problem 5E

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Question

part C D

d. Find the midrange.
The midrange is $
(Type an integer or a decimal rounded to two decimal places as needed.)
e. Are there any outliers? Choose the correct answer below.
O A. The values $49 and $2500 appear to be outliers.
OB. The values $1500 and $2500 appear to be outliers.
O C. There do not appear to be any outliers.
O D. The values $49, $1500, and $2500 appear to be outliers.

Find the (a) mean, (b) median, (c) mode, and (d) midrange for the data and then (e) answer the given question.
Listed below are the amounts (dollars) it costs for marriage proposal packages at different sports venues. Are there any outliers?
49 50 50 50 55 55 75 85 90 115 150 150 225
234 275 275 300 325 400 475 475 475 475 1500 2500
a. Find the mean.
The mean is $
(Type an integer or a decimal rounded to two decimal places as needed.)
b. Find the median.
The median is $.
(Type an integer or a decimal rounded to two decimal places as needed.)
c. Find the mode.
Select the correct choice below and, if necessary, fill in the answer box to complete your choice.
O A. The mode(s) is(are) $
(Type an integer or a decimal. Do not round. Use a comma to separate answers as needed.)
OB. There is no mode.

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