Exact form = 7/3
Decimal = 2.3
Mixed number Form = 2 1/3
Answer:
5/8
Step-by-step explanation:
Explanation:
First you need to put the same base for both numbers, finding the minimum common multiple of 4 and 8, that's 8.
Turning 1/4 in a number with 8 as base: first, divide 8 : 4 = 2. Then multiply 1/4 x2 and it will be 2/8.
Then you're able to calculate it: keep the base and add the tops
2/8 + 3/8 = 5/8
The statement that is most likely true is that the median is in the 6-10 interval and the mean is in the 6-10
There were a total of 30 different pieces of data collected, so the 15th and 16th pieces of data that would create the median. Both the 15th and 16th numbers would be in the 6 - 10.
If you find the average of the middle data point in each interval the mean would be approximately 7.2. This is in the 2nd interval (6-10).
Answer:
Price Discrimination OR Law of Demand; according to the complete question.
Step-by-step explanation:
24% of the students in the first group answered yes.
73% of the students in the second group answered yes.
More students in the second group were willing to pay $75 for the pair of jeans BECAUSE they were told that the normal price was much higher.
From this information, I guess that the first group was told (by the jeans vendor probably) that the $75 was higher than the normal price of the jeans. This will be the reason why a lesser percentage of students in Group A are willing to purchase the pair of jeans.
This is an example of PRICE DISCRIMINATION effect on decision making. Price discrimination is used in product marketing.
The same pair of jeans in Situation A cost higher than the normal price while in Situation B it cost lower than the normal price. Even though the figure given is static at $75 in both cases, the data that follows in the question tells it as 2 different prices; one favourable to the buyers and another not so favourable to the buyers.
The LAW OF DEMAND also applies here. The higher the price, the lesser the quantity demanded (by a group of students) and the lower the price, the higher the quantity demanded.
