The Insurance Institute for Highway Safety (www. iihs. org, June 11, 2009) published data on repair costs for cars involved in different types of accidents. In one study, seven different 2009 models of mini- and micro- cars were driven at 6 mph straight into a fixed barrier. The following table gives the cost of repairing damage to the bumper for each of the seven models.

Compute the values of the mean and median. Why are these values so different? Which of the two€” mean or median€” appears to be a better description of a typical value for this data set?

Transcribed Image Text:

Model Smart Fortwo Chevrolet Aveo Mini Cooper Toyota Yaris Honda Fit Hyundai Accent Kia Rio Repair Cost $1.480 $1,071 $2,291 $1,688 $1,124 $3,476 $3,701