Answer: 8.3
Step-by-step explanation:
To find the variance, you want to find the mean of the data.
Now that we have the mean, we find the difference between each data point and the mean.
3-5=-2
3-5=-2
8-5=3
1-5=-4
9-5=4
6-5=1
With the difference, you square each and find the average.
(-2)²=4
(-2)²=4
3²=9
(-4)²=16
4²=16
1²=1
The variance is 8.3.
750 bikes would be sold for $350
Let x represent the number of bikes sold per month and y represent the price.
550 bikes are sold at a price of $250, this can be represented by (550, 250). Also, 750 bikes is sold at a price of $150, hence it is represented by (750, 150)
A linear function is represented by:
y = mx + b
m is the slope, b is the y intercept.
Therefore the function is:
The number of bikes sold for $350 is:
350 = (1/2)x - 25
x = 750
Therefore 750 bikes would be sold for $350
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