Which measure of central tendency best describes this situation:
The number of apples in 2-lb bags?
Solution: The best measure of central tendency to describe the numbers of apples in 2-lb bags is mean. Because the variable under consideration is numeric and probably we would not see outliers in 2-lb bags.
Mean is the defined as the sum of observations divided by the number of observation. The mean takes into account all the observation of the data. Mean is most preferable when the data is numeric and there are no outliers in the data.
Therefore, in the given situation, where we have number of apples in 2-lb bags, the mean will be best to use.
Answer:
Yen is the currency of Japan
12+14+16=42 is your answe
Answer:
$40/unit?
Step-by-step explanation:
I'll assume the the fixed and variable costs are for 2000 units.
Fixed Costs = $35,000
Variable Costs = $45,000
Tota Costs = $80,000
The selling price can be anything. Free and we lose $80,000; $40 each, net profit of $0; $100 each for a net profit of $120,000.
In the absence of any infoprmation regarding selling price (e.g., 50% profit margin), I'd select the $40/unit selling price since that is breakeven.
X
(
x
+
1
−
ı
)
(
x
+
1
+
ı
)
x(x+1−ı)(x+1+ı)