Auction A puzzle in statistics Auction Action n
- Slides: 5
Auction A puzzle in statistics
Auction Action n Nina and her mum helped organize the auction fundraiser to help pay for the school ski trip. Seven local shops each donated a gift certificate to be redeemed for merchandise. The gift certificates will be auctioned off at the big event.
Auction Action n n The Athlete's Alley, Bay State Basement, CD Corner, Don's Deli, Elk's Software, Fancy Footwear Shop, and the Gorgeous Candy Boutique have all participated. Your task is to use the information on the next slide to work out the amount donated by each of these shops.
Auction Action n The gift certificates are each in multiples of £ 5. There is a £ 100 range in the value of the gift certificates, which start at £ 25. The mean value of all seven gift certificates is £ 80, and the median and the mode are both £ 70. The certificate from The Athlete's Alley is worth the most, and the one from Gorgeous Candy is worth the least. The total value of the gift certificates from CD Corner, Don's Deli, and the Fancy Footwear Shop is £ 270, but the Fancy Footwear certificate is worth £ 50 more than the one from Don's Deli. The CD Corner gift certificate is equivalent to the mean for this group of 3.
Auction Action - Answers n n n n The Athlete's Alley Bay State Basement CD Corner Don's Deli Elk's Software Fancy Footwear Shop Gorgeous Candy Boutique £ 125 £ 70 £ 90 £ 65 £ 70 £ 115 £ 25
