Question

An insurance company crashed four cars of the same model at 5 miles per hour. The costs of repair for each of the four crashes were $427, $422, $466, and $246. Compute the mean, median, and mode cost of repair.

Compute the mean cost of repair.

The mean cost of repair is ____ (Round to the nearest cent as needed.)

Compute the median cost of repair.

The median cost of repair is ____ (Round to the nearest cent as needed.)

Compute the mode cost of repair

The mode cost of repair is _____ (Round to the nearest cent as needed.)

Answer 1

Answer:

Given,

There are four crashes $427 , $422 , $466 , $246

Now,

To determine the mean cost of repair

Mean = (427 + 422 + 466 + 246) / 4

= 1561/4

= 390.25

Mean = 390

Now to determine the median

First we have to arrange the given four crashes in ascending order

Ascending order of data

246 , 422 , 427 , 466

Median = sum of second and third values / 2

= (422 + 427) / 2

= 849/2

= 424.5

Median = 425

Here no value is repeating in the given data. So there is no mode.