1. The purchases from ten regular (corporate) customers last month from a wholesaler are $142,000,...

Question

1. The purchases from ten regular (corporate) customers last month from a wholesaler are $142,000, $23,000, $41,000, $10,000, $7,000, $93,000, $17,000, $174,000, $420,000 and $13,000. PLEASE SHOW ALL WORK.

a. Find the mean, median, mode and standard deviation of this data set. Describe what these values tell you about the data set.
b. Based on your analysis values from part a, what can you say about this data set?

David · Accepted Answer

Find Mean 
142000 
23000 
41000 
10000 
7000 
93000 
17000 
174000 
420000 
13000 
940000
Mean = 940000/10 = 94000 
Median = 93000+7000/2 = 50000 
Mode = There is no mode 
Mode is the value that occurs most often. If no number is repeated, then there is no mode for the 
observation.

1. The purchases from ten regular (corporate) customers last month from a wholesaler are $142,000, $23,000, $41,000, $10,000, $7,000, $93,000, $17,000, $174,000, $420,000 and $13,000. PLEASE SHOW ALL...

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