Problema Solution
An online store had daily sales of $25,696, $33,400, $29,080, $28,000, $33,400, $27,604 and $25,228. Which measure of center makes the store appear the most profitable?
a. mean
b. median
c. mode
d. range
Answer provided by our tutors
Yes, numbers can be "tortured" until they tell the story others want to hear! :)
The mode of this set of problems, "$25,696, $33,400, $29,080, $28,000, $33,400, $27,604 and $25,228" is $33,400 and that is the most profitable value. The mean would be approximately "$28,958", etc.
$33,400, the only value that appears more than once and is therefore the 'mode'