Each year Money magazine consultants compile a list of 50 blue-chip stocks. Thes

Question

Each year Money magazine consultants compile a list of 50 blue-chip stocks.

These stocks are analyzed and suggestions are made about which ones to buy, which should be held,

and which should be sold. Let us assume that in one issue the consultants recommended

17 “buys” and published this buy list with the quoted prices of each stock..round each answer 3 decimal places

Stock        price      stock             price

Syntex      23.00     H.J. Heinz        40.75

Marion Merrell Dow    49.95    Rite Aid           56.00

Eli Lilly     47.46    GM E shares        44.75

Merck      39.26   Schering-Plough    53.25

Warner Lambert       42.63    British Telecom    29.75

Borden             57.44      Stanhome             49.00

McGraw-Hill           31.25     Glaxo Holdings       33.00

Abbott Labs            43.32       Hubbell B Shares     65.00

Bristol-Meyers        37.35

1.Calculate the mean for these stocks.

2.Calculate the median of these stock.

Explanation / Answer

mean=(23+...+37.35)/17 = 43.715 median=43.32

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