Find the Mean, Median, and Geometric Mean for the Following

question 9

Multiple Choice

Find the mean, median, and geometric mean for the following numbers: 120, 400, 1300, and 22,000. List from smallest to largest and round to the nearest tenth.

• A)400.0, 1082.4, 9273.8
• B)9273.8, 850.0, 1082.4
• C)9300.0, 850.0, 120.0
• D)4765.0, 850.0, 1185.5

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Definitions:

Price Discrimination

The approach of a single supplier offering the same or similar products or services at diverse pricing points in separate markets.

Consequences

Consequences refer to the results or outcomes of actions, decisions, or policies, which can be foreseen or unforeseen, and beneficial or detrimental.

Fair-Return Price

A price that covers production costs and allows for a normal profit margin, considered equitable for both producers and consumers.

Regulating Monopolies

Government policies or laws designed to control or limit the power of monopoly firms to ensure fair competition and protect consumers.