SECTION 1.1
■
Making Sense of Data 9
21. Investment Seminar The organizer of an investment seminar surveys the
participants on their yearly income. The table below shows the yearly income of the
participants.
(a) Find the average and median income of the participants.
(b) How many participants have an income above the average?
(c) A new participant joins the seminar, and her yearly income is $500,000. Now what
are the average income and median income, and how many participants have an
income above the average? Is the average or the median the better measure of
central tendency?
22. Dairy Farming A dairy farmer in Illinois records the weights of all his cows. The
table below shows his data.
(a) Find the average and median weight of the cows on the farm.
(b) How many cows have a weight above the average?
(c) The farmer purchases a young calf that weighs only 420 pounds. Now what are the
average weight and median weight of the cows on the farm, and how many cows
have a weight above the average? In this case, is the average or the median the
better measure of central tendency?
23. Home Sales A realty agency in Albuquerque, New Mexico, records the prices of
homes sold in one neighborhood.
(a) What are the average and median home prices in this neighborhood? Which is the
better indicator of central tendency?
(b) Is the house that sold for $329,000 above or below the average price? The
median price?
(c) After these data were gathered, another home in the neighborhood sold for
$2,860,000, so now what are the average and median home prices if we include the
latest price? Now what is the better indicator of central tendency?
24. Home Sales A realty agency in Napa Valley, California, records the prices of homes
sold in one neighborhood.
(a) What are the average and median home prices in this neighborhood? Which is the
better indicator of central tendency?
(b) Is the house that sold for $2,319,000 above or below the average price? The
median price?
(c) After these data were gathered, another home in the neighborhood sold for
$300,000, so now what are the average and median home prices if we include the
latest price? Now what is the better indicator of central tendency?
25. Pets per Household The home owners association of a small gated community
conducts a survey to determine trends in the number of pets in their neighborhood. The
Price ($) 299,000 329,000 355,000 316,000 330,000
Weight (lb) 880 970 930 890 980 920 900
Yearly income ($) 56,000 58,000 48,000 45,000 59,000 72,000 63,000
Price ($) 2,278,000 2,231,000 2,319,000 2,279,000 2,365,000 2,279,000 2,319,000