Answer:
a. mean=$489,414.80
median=$265,664
b. Meidan. Not affected by outlier values.
Step-by-step explanation:
#Mean is calculated using the the formula:
[tex]\bar x=\frac{1}{n}\sum{x_i}\\\\=\frac{1}{10}\sum(2194246+464084+164096+199209+438834+613659+142884+240731+145809+290596)\\\\=489414.80[/tex]
Hence, the mean winning is $489,414.80
#Our data points are even.
-We first arrange the data points in increasing order.
-The median is calculated as the average of the two middlemost data points.
Hence, the median point is $265,664
The Median is the best measure of central limit theorem as it's not affected by extreme outlier values.
-We have one outlier value of $2,194,246 which shifted the mean from $299,989.11 to $489,414.80
