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An electronics store placed an ad in the newspaper showing five flat-screen TVs for sale. The ad says, "Our flat-screen TVs average $\$ 695 . "$ The prices of the flat- screen TVs are $\$ 1200, \$ 999, \$ 1499, \$ 695, \$ 695, \$ 1100, \$ 1300,$ and $\$ 695 .$As a consumer, which measure would you want to see advertised? Explain.

$\$ 1047.87$$\$ 1049.5$$\$ 695$MEAN or MEDIAN are both acceptable answers.

Intro Stats / AP Statistics

Algebra

Chapter 12

Probability and Statistics

Section 6

Statistical Measures

Sampling and Data

The Normal Distribution

Introduction to Combinatorics and Probability

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the number 18 is still using the information from number 16. So we have the mean TV price was $1047 the median price was $1049 the mod TV price was 6 95 And so the question for 18 is thinking on a different perspective. So if I'm a buyer and the price in the paper is saying, 6 95 is the average price, but that's not the case. In fact, if you look at the mean or the median, the they're pretty similar. They're very closer to their only, you know, a little less than $2 off of each other. So, um, I would suggest either one would be acceptable because they're both representing the center of the data. So that we're trying to figure out is what's gonna be better like if I'm going in and I'm buying? I'm going to see that 6 95 I'm gonna go in and then I'm going to see that the majority of the TV's are not 6 95 They are more closer towards $1000 and I'm gonna be a little upset, probably that I was misled as a buyer, so I could see why. As a as an advertiser or business owner, you're going to try and promote the cheaper price. But really, you're going to want to know what's gonna be the average price. And if the average price is the 1047 nuts right down the middle, that's an acceptable answer. And even the median is still somewhat acceptable. So I would say with this reasoning that I just stick the median or I think would be acceptable as your answer.

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