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Price Earning Ratios

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Find the mean, median and the mode for the data in the following table.

The means is approximately_____?
The median is approximately_____?
The mode is approximately_____?

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Solution Summary

This solution helps clarify how to calculate mean, median and mode for price earning ratios.

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The mean is just the sum of all the values divided by the total number of entries:

7.6 + 9.3 + 19.1 + 34.5 + 12.7 + 8.4 + 9.3 + 15.8 = 116.7

Since there are eight entries our ...

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