The data set includes home values (in ten thousands of dollars) for all the homes in a small neighborhood. {7.39, 8.69,9.28, 9.66, 10.20, 10.84, 12.15, 36.44} Find the mean of the home. (Round to the nearest tenth)

Respuesta :

Answer: 13.1

Explanation:

The data set we have is:

[tex]\left\{ 7.39,8.69,9.28,9.66,10.20,10.84,12.15,36.44\right\} [/tex]

To calculate the mean, we need to add all the quantities and divide by the number of elements in the data set:

[tex]Mean=\frac{sum\text{ of all the data}}{number\text{ of elements}}[/tex]

The number of elements in the data set is: 8 elements

And the sum of all the data is:

[tex]7.39+8.69+9.28+9.66+10.20+10.84+12.15+36.44=104.65[/tex]

So, we substitute this into the Mean formula, and get the following result:

[tex]\begin{gathered} Mean=\frac{104.65}{8} \\ Mean=13.081 \end{gathered}[/tex]

Rounding to the nearest tenth (1 decimal place):

[tex]Mean=13.1[/tex]

Answer: 13.1