Watch out for these little buggers. Each of these exercises involves some
feature that is somewhat tricky. Find the (a) mean, \((b)\) median, (c) mode,
(d) midrange, and then answer the given question.
Listed below are selling prices (dollars) of TVs that are 60 inches or larger
and rated as a "best buy" by Consumer Reports magazine. Are the resulting
statistics representative of the population of all TVs that are 60 inches and
larger? If you decide to buy one of these TVs, what statistic is most
relevant, other than the measures of central tendency?
\(\begin{array}{llllllllllll}1800 & 1500 & 1200 & 1500 & 1400 & 1600 & 1500 &
950 & 1600 & 1150 & 1500 & 1750\end{array}\)