/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 29 The required data are those in E... [FREE SOLUTION] | 91Ó°ÊÓ

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The required data are those in Exercises \(22.1 .\) Find the indicated measure of central tendency. The weekly salaries (in dollars) for the workers in a small factory are as follows: $$\begin{aligned} &600,750,625,575,525,700,550\\\ &750,625,800,700,575,600,700 \end{aligned}$$ Find the median and the mode of the salaries.

Short Answer

Expert verified
The median of the salaries is 625 and the mode is 700.

Step by step solution

01

Organize the Data

Firstly, list all the salaries in ascending order: 525, 550, 575, 575, 600, 600, 625, 625, 700, 700, 700, 750, 750, 800.
02

Calculate the Median

The median is the middle value of a data set ordered from least to greatest. With 14 data points, the median is the average of the 7th and 8th values. These are both 625, so the median is \(\frac{625 + 625}{2} = 625\).
03

Calculate the Mode

The mode is the number that appears most frequently in the data set. In this case, 700 appears three times, while all other numbers appear fewer times. Therefore, the mode is 700.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Median Calculation
The process of finding the median begins with arranging your data in ascending order. This ensures each data point is in the correct sequence from the smallest to the largest. The median is the middle value that perfectly divides the dataset into two equal parts. If the dataset has an odd number of values, the median is simply the number right in the middle. However, with an even number of data points, as in this exercise, the median is the average of the two central numbers.
To provide a clearer view, consider the provided salaries: 525, 550, 575, 575, 600, 600, 625, 625, 700, 700, 700, 750, 750, 800. Here, we have 14 numbers. Since we are working with an even number, find the 7th and 8th values in this ordered list which are both 625. Thus, the median is \(\frac{625 + 625}{2} = 625\). By following these steps, you ensure a correct measure of the central tendency through median calculation.
Mode Determination
To find the mode, it’s essential to identify which number appears most frequently in your dataset. Mode determination is particularly useful in understanding the most recurring pattern or commonality within the data.
Examining the list of salaries: 525, 550, 575, 575, 600, 600, 625, 625, 700, 700, 700, 750, 750, 800, we quickly notice the number 700 appears three times, more frequently than any other number.
This process is straightforward: just
  • Count the frequency of each number
  • Identify the number or numbers with the highest frequency
In cases where two or more numbers have the same highest frequency, the dataset is bimodal or multimodal. However, in our current dataset, 700 is the sole mode, highlighting it as the most common salary among the workers.
Data Ordering
Data ordering is the foundational step in various statistical analyses. By organizing your data in ascending or descending order, you pave the way for accurate calculations of other measures of central tendency, like the median and sometimes the mode.
Take our list of salaries: 600, 750, 625, etc., and rearrange them so they're in order from the smallest to the largest. A neat ordered list is: 525, 550, 575, 575, 600, 600, 625, 625, 700, 700, 700, 750, 750, 800. This reorganized list not only helps compute the median and mode but also provides a comprehensive overview of the dataset.
Data ordering is straightforward:
  • List out all data points
  • Arrange from the smallest to largest
  • Check for duplicates and note their frequencies for mode calculation
This step is instrumental in preparing datasets for deeper analysis, ensuring clarity and accuracy across all subsequent statistical computations.

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Most popular questions from this chapter

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