Math Problem Statement

USH Financial is a small bank that is examining its customers’ use of its website. The numbers of online transactions made per day during the past 8 days are: 59, 72, 68, 75, 52, 91, 99, 93. What is the median, mean, and mode of this dataset?

Solution

Let’s break down and solve the questions based on the data provided in the image. The data set contains these values for the number of transactions:
59, 72, 68, 75, 52, 91, 99, 93.

(a) Find the median:

  1. Arrange the data in ascending order:
    52,59,68,72,75,91,93,9952, 59, 68, 72, 75, 91, 93, 99
  2. Since there are 8 values (even number), the median is the average of the 4th and 5th values.
    Median=72+752=1472=73.5\text{Median} = \frac{72 + 75}{2} = \frac{147}{2} = 73.5

Answer for (a): 73.573.5


(b) Find the mean:

  1. Add all the values:
    52+59+68+72+75+91+93+99=60952 + 59 + 68 + 72 + 75 + 91 + 93 + 99 = 609
  2. Divide by the total number of values (8):
    Mean=6098=76.1\text{Mean} = \frac{609}{8} = 76.1

Answer for (b): 76.176.1


(c) Find the modes:

  1. Check the frequency of each value in the data:
    52,59,68,72,75,91,93,9952, 59, 68, 72, 75, 91, 93, 99
    All values appear once.
  2. Since no value repeats, the data set has zero modes.

Answer for (c): Zero modes


Final Answers:

(a) Median: 73.5
(b) Mean: 76.1
(c) Modes: Zero modes

Would you like additional clarification on any step?

Related Questions:

  1. How is the mean calculated for grouped or ungrouped data?
  2. Why is the median sometimes a better measure of central tendency than the mean?
  3. What happens if there are multiple modes in a data set?
  4. How would outliers affect the mean in this data set?
  5. Can a data set with zero modes still have a high standard deviation?

Tip:

For small data sets, always double-check by ordering the numbers first—it simplifies calculations for both mean and median!

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Math Problem Analysis

Mathematical Concepts

Median
Mean
Mode

Formulas

Median: For an even set of numbers, median = (n/2)th term + (n/2 + 1)th term) / 2
Mean: Sum of all data values / Number of data values
Mode: The value(s) that appear most frequently in the dataset

Theorems

Measures of Central Tendency

Suitable Grade Level

Grades 6-8