Chapter 2: 143SE (page 142)
The amount spent on textbooks for the fall term was recorded for a sample of five university students. The following data were observed: \(400, \)350, \(600, \)525, and $450. Calculate each of the following values for this data:
a.The sample mean
b.The sample median
c.The sample range
d.The standard deviation
Short Answer
a. Mean = $465
b. Median = $450
c. Range = $250
d. Standard Deviation = $99.37