Question

A sample of 38 customers was taken at a local computer store. The customers were asked the prices of the computers they had bought. The data aresummarized in the following table.

Answer 1

In this case, we'll have to carry out several steps to find the solution.

Step 01:

Data:

Computer Store Table

Step 02:

Mean price:

$\operatorname{mean}\text{ price = }\frac{14}{38}\cdot2050\text{ + }\frac{19}{38}\cdot1050+\frac{5}{38}\cdot1000$

mean price = 755.2632 + 525 + 131.5789

mean price = 1411.8421

The answer is:

$1411.8421