To find the mean, median, mode, and midrange of the given data set, we first need to organize the data in ascending order:$26, $52, $54, $62, $75, $83, $104
Mean: To find the mean, we sum up all the values and divide by the number of values: Mean = ($26 + $52 + $54 + $62 + $75 + $83 + $104) / 7 Mean = $456 / 7 Mean ≈ $65.14
Median: The median is the middle value when the data is arranged in ascending order. Since there are 7 values, the median is the 4th value: Median = $62
Mode: The mode is the value that appears most frequently. In this case, there is no value that appears more than once, so the data has no mode.
Midrange: The midrange is the average of the maximum and minimum values: Midrange = ($26 + $104) / 2
Midrange = $130 / 2
Midrange = $65
Therefore, the mean is approximately $65.14, the median is $62, the mode does not exist, and the midrange is $65.
