Problem

$$\begin{array}{|c|c|}\hline Score & {Frequency} …

09:08

Problem 23 Medium Difficulty

The table lists the areas of some large shopping malls in the United States.
Mall $\qquad$ Gross Leasable Area $\left(\mathrm{ft}^{2}\right)$
1 Del Amo Fashion Center, Torrance, CA 3,000,000
2 South Coast Plaza/Crystal Court, Costa Mesa, CA 2,918,236
3 Mall of America, Bloomington, MN 2,472,500
4 Lakewood Center Mall, Lakewood, CA 2,390,000
5 Roosevelt Field Mall, Garden City, NY 2,300,000
6 Gurnee Mills, Gurnee, IL 2,200,000
7 The Galleria, Houston, TX 2,100,000
8 Randall Park Mall, North Randall, OH 2,097,416
9 Oakbrook Shopping Center, Oak Brook, IL 2,006,688
10 Sawgrass Mills, Sunrise, FL 2,000,000
10 The Woodlands Mall, The Woodlands, TX 2,000,000
10 Woodfi eld, Schaumburg, IL 2,000,000

Which measure would you talk about if the customer had a large inventory? Explain.

Answer

mean

Related Courses

Intro Stats / AP Statistics

Algebra

Chapter 12

Probability and Statistics

Section 6

Statistical Measures

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Video Transcript

all right. So for number 23 we still have to use the mean that median and mode areas from number 21. So the 2,290,000 for three square feet, the two million won her 50,000 square feet and the two million square feet as the mode. So now we're shifting gears. So we're so say I'm a real estate agent and I get a potential buyer that has a lot of inventory that they're trying Teoh put in the store. You're gonna want to be able to provide them or sell them the mall with the highest average, um, area. And so, if that is the case, you look at your three and it turns out that your mean has the highest area. So they're mean is what you would want to try and use is your selling point if you're the realtor, because that average has, as your centre has the highest not of square footage, but it

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