A video kiosk in New Jersey rents DVD videos for a 200 renta

A video kiosk in New Jersey rents DVD videos for a $2.00 rental rate, BlueRay s for $3.00, and video games for $5.00. In the store today, they rented 20 DVD videos, 50 BlueRay\'s, and 40 video games. What is the mean rental rate for the store today? 5. 3-6 What is the median rental rate? What is the mode rental rate?

Solution

Mean rental rate is the average of the total rent divided by total numbers.

Median is the middle number in the data set and here the Median is $3.

Mode is a number which is repeated and as here no number is repeated so there is no mode.

	Rental Rate	Numbers of Rents
DVD Videos	2	20	40
Blue Ray\'s	3	50	150
Video games	5	40	200
		110	390
	Mean	390/110	3.55