I NEED THE PAYOFF ON THE MEAN AND MEDIAN!! (A ONLY) The Kentucky Derby is held t
ID: 3428435 • Letter: I
Question
I NEED THE PAYOFF ON THE MEAN AND MEDIAN!! (A ONLY)
The Kentucky Derby is held the first Saturday in May at Churchill Downs in Louisville, Kentucky. The race track is one and one-quarter miles. The following table shows the winners since 1990, their margin of victory, the winning time, and the payoff on a $2 bet.
11.70
Year Winner Winning Margin(lengths) Winning Time
(minutes) Payoff on a
$2 Win Bet 1990 Unbridled 3.50 2.05669
11.70
1991 Strike the Gold 1.25 2.00196 34.80 1992 Lil E. Tee 1.50 2.02305 46.80 1993 Sea Hero 2.25 2.01848 5.20 1994 Go For Gin 2.00 2.02653 7.70 1995 Thunder Gulch 2.50 2.06523 8.00 1996 Grindstone nose 2.02063 12.80 1997 Silver Charm head 2.00607 11.90 1998 Real Quiet 0.50 2.03305 5.10 1999 Charismatic neck 1.99966 54.50 2000 Fusaichi Pegasus 1.75 2.05379 7.70 2001 Monarchos 5.75 2.02796 9.50 2002 War Emblem 3.25 2.06645 5.00 2003 Funny Cide 2.50 2.04985 103.50 2004 Smarty Jones 3.00 2.04629 23.60 2005 Giacomo 0.50 2.00973 24.90 2006 Barbaro 7.00 2.05227 33.00 2007 Street Sense 2.25 2.06771 11.00 2008 Big Brown 5.75 2.03398 10.30 2009 Mine That Bird 6.25 1.99970 4.10 2010 Super Saver 3.00 2.03496 117.90 2011 Animal Kingdom 2.75 1.99997 41.00 2012 IExplanation / Answer
Mean =sum/n= 639.5/24=26.6458
Median =average of 12th and 13th observation in the sorted data
Sorted data
pay off
4.10
5.00
5.10
5.20
7.70
7.70
8.00
9.50
10.30
11.00
11.70
11.90
12.80
14.90
23.60
24.90
33.00
34.60
34.80
41.00
46.80
54.50
103.50
117.90
Median =(11.9+12.8)/2 =12.35
pay off
4.10
5.00
5.10
5.20
7.70
7.70
8.00
9.50
10.30
11.00
11.70
11.90
12.80
14.90
23.60
24.90
33.00
34.60
34.80
41.00
46.80
54.50
103.50
117.90
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.