The measure of central tendency give you a picture of what to expect in a situation. For example, a basketball players average is the amount of points that they typical score.
In a business, you make decisions on what you expect to happen. Knowing the measure of center can help you make better decisions.
Answer:
You have to go by my answer because I’m not too sure but I think it’s false?
Step-by-step explanation:
Answer:
$511.5
Step-by-step explanation:
Given: Selling price of bike at Danny´s shop is $550
Bike is sold 7% less at competitor´s shop.
Lets find the discounted amount at Danny´s competitor shop.
∴ 
Now, finding the cost of bike at Danny´s competitor.
Cost of bike at Danny´competitor= 
Cost of bike at Danny´s competitor= 
∴ Cost of bike at Danny´s competitor is $511.5.
Answer:No it isn't really surprising as the percentage error isn't too much.
Probability of estimating above or below the parameter by more than 5% is0.5
Step-by-step explanation:30%-25%/30%=5/30=1/6.
Probability=Required outcome/possible outcome, hence the probability=1/2=0.5
