Original List = {4000, 2500, 3500, 2000, 1500, 4000, 5000}
Sorted List = {1500, 2000, 2500, 3500, 4000, 4000, 5000}
The middle value of that sorted list is 3500, so this is the median
The mean is found by adding up the values and then dividing by 7 (since there are 7 values) so we have
mean = (sum of values)/7
mean = (1500+2000+2500+3500+4000+4000+5000)/7
mean = 22500/7
mean = 3214.286 (approx)
The mode is 4000 because this value is the most frequent. It shows up twice while everything else shows up once.
the range is the difference of the largest and smallest items
range = max - min
range = 5000 - 1500
range = 3500
coincidentally it is equal to the median, but this wont always be the case
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mean = 3214.286
median = 3500
mode = 4000
range = 3500
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Going through the answer choices we have...
A) True, 3214.286 is less than 4000
B) False, 4000 is not less than 3214.286
C) False, 3214.286 is not larger than 3500
D) False, 3500 is not greater than 3500
E) False, 3214.286 is not greater than 3500
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Answer is choice A) mean is less than the mode