The monthly rents (in dollars) paid by 7 people are given below.(Note that these are already ordered from least to greatest.)905, 930, 935, 960, 985, 1025, 1190Suppose that one of the people moves. His rent changes from $1190 to $1015.Answer the following.(a) What happens to the median? It decreases by$.It increases by$.It stays the same.(b) What happens to the mean? It decreases by$.It increases by$.It stays the same.
Question
The monthly rents (in dollars) paid by 7 people are given below.(Note that these are already ordered from least to greatest.)905, 930, 935, 960, 985, 1025, 1190Suppose that one of the people moves. His rent changes from 1015.Answer the following.(a) What happens to the median? It decreases by.It stays the same.(b) What happens to the mean? It decreases by.It stays the same.
Solution
(a) The median of the original data set is 960, which is the fourth value in the ordered list. When the rent changes from 1015, the order of the values changes, but the median remains the same because it is still the fourth value in the list. So, the median stays the same.
(b) The mean of the original data set is the sum of all the values divided by the number of values. The sum of the original values is 6930 / 7 = 1190 to 6755. So, the new mean is 965. The mean decreases by 965 = $25.
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