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Practical Aplications Of Satistics Essay Preview: Practical Aplications Of Satistics Report this essay Practical Application of Statistics Mean, Median, and Mode Assume that five bids are received for an engineering project, with total costs of $22,000; $35,000; $37,000; $40,000; and $65,000. The mean, or arithmetic average, of the bids is $39,800. The median, which is.
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Arithmetic MeanBidsFirst Example Of A SimilarityMiddle Value Of Total Outstanding Debt