The company financial officer was interested in the average cost of PCs that had been purchased in the past six months.A random sample of the price of 10 computers was taken with the following results: $3,250,$1,127,$2,995,$3,250,$3,445,$3,449,$1,482,$6,120,$3,009,$4,000 What is the median?
A)3447
B)3213
C)3250
D)6120
E)3445

Question

Quizplus · Accepted Answer

To find the median, we need to arrange the prices in ascending or descending order. After arranging the prices in ascending order, the middle observation is the median. The prices in ascending order are: $1,127, $1,482, $2,995, $3,009, $3,250, $3,250, $3,445, $3,449, $4,000, and $6,120. The middle observation is $3,250, so the answer is C.

The Company Financial Officer Was Interested in the Average Cost