Find the mode and midrange. Top-Paid CEOs The data shown are the total compensation (in milions of dollars) for the 27 top-pait CEOs for a recent yeCompare the averages, and state which one you think is the best measure18.0 18.0 18.2 191 191 193 197 198 216 229 232 23.7240 240 241 251 252 252 254 255 259 268 317 352135.4 36.8 38.5Send to ExcelPart: 0/5Part 1 of 5Find the meantRounding rule for the mean: round to one more decimal place than the data as needed.Man 24.9Part: 1/5Part 2 of 5find the medianMedian

Answered: Find the mode and midrange.

Math

Statistics

Find the mode and midrange.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section: Chapter Questions

Problem 19SGR

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Question

Find the mode and midrange.

Top-Paid CEOs The data shown are the total compensation (in milions of dollars) for the 27 top-pait CEOs for a recent ye
Compare the averages, and state which one you think is the best measure
18.0 18.0 18.2 191 191 193 197 198 216 229 232 23.7
240 240 241 251 252 252 254 255 259 268 317 3521
35.4 36.8 38.5
Send to Excel
Part: 0/5
Part 1 of 5
Find the meant
Rounding rule for the mean: round to one more decimal place than the data as needed.
Man 24.9
Part: 1/5
Part 2 of 5
find the median
Median

Definition Definition Measure of central tendency that is the value that occurs most frequently in a data set. A data set may have more than one mode if multiple categories repeat an equal number of times. For example, in a data set with five item—3, 5, 5, 29, 473—the mode is 5 because it occurs twice and no other value occurs more than once. On a histogram or bar chart, the element with the highest bar represents the mode. Therefore, the mode is sometimes considered the most popular option. The mode is useful for nominal or categorical data (e.g., the most common color car that users purchase), but it is problematic for continuous data because it is more likely not to have any value that is more frequent than the other.

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