Find the average cost of a loaf of bread in your area and compute the cost per day for one year. (Remember that average is the mean, median, mode, and midrange, but choose the best for the data.)
1. What measures of central tendency did you use?
2. Are there items that contribute to the differences in price?
3. How variable or consistent are the prices?
4. What might be influencing the differences and/or similarities?
Cost of bread:
$1.69
$2.18
$2.28
$3.18
$3.18
$3.29
$3.79
$3.98
$4.48