Eight Health Maintenance Organizations (HMOs) Presented Group Health Insurance Plans

Eight health maintenance organizations (HMOs) presented group health insurance plans to a company. The monthly rates per employee were $430, $398, $405, $387, $424, $353, $410 and $435. Calculate the mean and the median monthly rates for these eight companies.

A) Mean: $410.25; median: $410.50
B) Mean: $407.25; median: $408.50
C) Mean: $405.25; median: $407.50
D) Mean: $404.25; median: $409.50
E) Mean: $408.25; median: $406.50

Correct Answer:

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