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27 September, 09:54

A camping goods store has 5 models of waterproof flashlights. The 5 models sell for $23, $29, $14, $26, and $18.

What is the mean absolute deviation of the prices? Round to the nearest cent, if necessary.

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Answers (2)
  1. 27 September, 10:09
    0
    So we want to know what mean absolute deviation is of the prices of the 5 products. First we calculate the mean value x = (23+29+14+26+18) / 5=22. Now we calculate the distance of each price and the mean value and those are v1=23-22=1, v2=29-22=7, v3=22-14=8, v4=26-22=4, v5=22-18=4. Now we take the mean value from our distances: M = (1+7+8+4+4) / 5=4.8 and we got our mean absolute value.
  2. 27 September, 10:19
    0
    I believe the answer is 4.8, not sure though
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