12. the table shows the number of tickets of each price sold for a show.\n| price of ticket | $1 | $2 | $5 |…

12. the table shows the number of tickets of each price sold for a show.\n| price of ticket | $1 | $2 | $5 | $10 | $20 |\n| number of tickets sold | 12 | 14 | 9 | 7 | 8 |\n\na. calculate the mean price.\nb. if each ticket price is increased by $2, and the frequency distribution remains unchanged, describe the effect on the mean and find the median price of the tickets.

12. the table shows the number of tickets of each price sold for a show.\n| price of ticket | $1 | $2 | $5 | $10 | $20 |\n| number of tickets sold | 12 | 14 | 9 | 7 | 8 |\n\na. calculate the mean price.\nb. if each ticket price is increased by $2, and the frequency distribution remains unchanged, describe the effect on the mean and find the median price of the tickets.

Answer

Explanation:

Step1: Calculate the total price

First, find the total price for each ticket - price category by multiplying the price by the number of tickets sold and then sum them up. $1\times12 + 2\times14+5\times9 + 10\times7+20\times8=12 + 28+45 + 70+160 = 315$

Step2: Calculate the total number of tickets

Sum up the number of tickets sold in each category. $12 + 14+9 + 7+8=50$

Step3: Calculate the mean price

The mean price $\bar{x}=\frac{\text{Total price}}{\text{Total number of tickets}}$. $\bar{x}=\frac{315}{50}=6.3$

Step4: Analyze the effect of increasing ticket - price on the mean

If each ticket price is increased by $2$, the new mean will be the old mean plus $2$. So the new mean is $6.3 + 2=8.3$.

Step5: Find the median

Arrange the data in ascending order of price and consider the frequencies. The total number of data - points $n = 50$ (an even number). To find the median, we first find the cumulative frequencies. The cumulative frequencies are: $12$ (for $$1$ tickets), $12 + 14=26$ (for $$2$ tickets), $26+9 = 35$ (for $$5$ tickets), $35 + 7=42$ (for $$10$ tickets), and $42+8 = 50$ (for $$20$ tickets). The median is the average of the $25^{th}$ and $26^{th}$ ordered values. Since the $25^{th}$ and $26^{th}$ values are both in the $$2$ - ticket category, the median doesn't change when each ticket price is increased by $$2$ (because the order of the data based on frequency remains the same). The median of the original data is $\frac{2 + 2}{2}=2$, and the median of the new data (after increasing each price by $$2$) is $\frac{4 + 4}{2}=4$.

Answer:

a. The mean price is $6.3$. b. The mean price increases by $2$ (new mean is $8.3$), and the median of the original data is $2$ and the median of the new data (after increasing each price by $$2$) is $4$.