Find the (a) mean, (b) median, (c) mode, and (d) midrange for the data and then (e) answer the given questions.
Listed below are the highest amounts of net worth (in millions of dollars) of all celebrities. What do the results tell us about the population of all celebrities? Based on the nature of
the amounts, what can be inferred about their precision?
250 200 195 175 170 170 165 165 165 165
d. Find the midrange.
The midrange is $ million.
(Type an integer or a decimal rounded to one decimal place as needed.)
e. What do the results tell us about the population of all celebrities?
A. The results tell us that the most common celebrity net worth is the mode, but all other celebrities are expected to have net worths approximately equal to the mean,
median, or midrange.
B. The results tell us that all celebrities are expected to have amounts of net worth approximately equal to one of the measures of center found in parts (a) through (d).
C. Apart from the fact that all other celebrities have amounts of net worth lower than those given, nothing meaningful can be known about the population.
D. Apart from the fact that all other celebrities have amounts of net worth lower than those given, the results in parts (a), (b), and (d) do not given meaningful
