well for our stats class we have an extra credit project where the teacher will select 7 numbers from 1-n (n can be any number, etc. 100)
before hand, we have to create a formula for the set of numbers to get as close as possible to n
EX:
if the set of numbers is 10, 38, 59, 61, 74, 90, 94 and the range was from 1-100 (meaning N=100), a sample equation would be:
median * 2
since median = 61, it's 61 * 2 = 122, which is 22 off from the real answer
does anyone know the best formula (there is no right one) for this?
i came up with {4 (standard deviation) + (mean + [max-min/2])} DIVIDED by 2 which worked quite well for me