Auction Action A puzzle in statistics. Auction Action Nina and her mum helped organize the auction fundraiser to help pay for the school ski trip. Seven.

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Presentation transcript:

Auction Action A puzzle in statistics

Auction Action 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. 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 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. 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. Your task is to use the information on the next slide to work out the amount donated by each of these shops.

Auction Action 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 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 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. 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 The Athlete's Alley £125 The Athlete's Alley £125 Bay State Basement£70 Bay State Basement£70 CD Corner£90 CD Corner£90 Don's Deli£65 Don's Deli£65 Elk's Software £70 Elk's Software £70 Fancy Footwear Shop£115 Fancy Footwear Shop£115 Gorgeous Candy Boutique£25 Gorgeous Candy Boutique£25