Answer
Median is $1.84
Explanation:
Given the following gasoline prices: $1.96, $2.09, $1.79, $1.61, $1.75, $2.11, and $1.84
Step 1: Arrange the data in an ascending orders
That is from the least to the highest
$1.61, $1.75, $1.79, $1.84, $1.96, $2.09, $2.11
The median of the gasoline price can be calculated as
Median = nth + 1 / 2
n = 7
Median = 7 + 1 / 2
Median = 8/ 2
Median = 4th
The median value falls on the 4th position on the data set
Therefore, the median of the gasoline prices is $1.84
