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TABLE 3-4
The ordered array below represents the number of cargo manifests approved by customs inspectors of the Port of New York in a sample of 35 days:
16, 17, 18, 18, 19, 20, 20, 21, 21, 21, 22, 22, 22, 22, 23, 23, 23, 23, 24, 24, 24, 25, 25, 26, 26, 26, 27, 28, 28, 29, 29, 31, 31, 32, 32
Note: For this sample, the sum of the values is 838, and the sum of the squared differences between each value and the mean is 619.89.
-Referring to Table 3-4, the coefficient of variation of the customs data is ________ percent.
Consumer's Desire
The willingness or eagerness of consumers to purchase goods or services based on their needs or wants.
Product Features
Specific details or capabilities of a product that are intended to enhance its appeal or functionality.
Brand Name
The unique designation given to a product or service by its maker to distinguish it from competitors.
Promotion Program
A coordinated set of activities designed to increase consumer awareness, interest, and sales of a product or service.
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