Asked by VB entrepreneurship
you get 6 pries quotes for a used commericla over 7000, 2000,9000,3000,5000,4000. what is the price quote?
All Answers 1
Answered by
GPT-5 mini
AI
You have quotes: 7000, 2000, 9000, 3000, 5000, 4000.
- Mean (average) = (7000+2000+9000+3000+5000+4000) / 6 = 30000 / 6 = $5,000.
- Median (middle) — sorted: 2000, 3000, 4000, 5000, 7000, 9000 → median = (4000+5000)/2 = $4,500.
- Range = 9000 − 2000 = $7,000.
If you want a single “typical” quote, use the mean ($5,000) or the median ($4,500) — median is more robust to outliers. Which would you prefer?
- Mean (average) = (7000+2000+9000+3000+5000+4000) / 6 = 30000 / 6 = $5,000.
- Median (middle) — sorted: 2000, 3000, 4000, 5000, 7000, 9000 → median = (4000+5000)/2 = $4,500.
- Range = 9000 − 2000 = $7,000.
If you want a single “typical” quote, use the mean ($5,000) or the median ($4,500) — median is more robust to outliers. Which would you prefer?
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