Question

The given data set contains the price of sneakers at various stores. What will be the new median if a new price of 540 rupees is added to the set?

• A. 520
• B. 530
• C. 540
• D. 560

Answer 1

The correct option is B 530

The given price of sneakers is

350, 400, 480, 630, 520, 560, 660

It is given, a new price 540 is added.

Hence, the new data set is 350, 400, 480, 630, 520, 560, 660, 540

Let us arrange the data in ascending order, we get

350, 400, 480, 520, 540. 560, 630, 660

There are even number of data in the new data set.

For a set with an even number of values, the median is the mean of the two middle values.

Median = $\frac{520+540}{2}$

= 530

Hence, the new median is 530.